As many other banks are fluctuating the interest rates on their Fixed Deposits to attract more investors, one of the leading banks in India has also taken a step forward and increased the interest rates. ICICI Bank has hiked the interest rates on fixed deposits for the account holders in the bank. The interest rate hikes for the tenures of domestic deposits amount below Rs. 2 crores. The new interest rates will be effective from 26 September 2022, as per the information on the official website of the bank.
The bank's website states that the rate on Fixed deposits with maturities between 91 and 120 days, 121 and 150 days, and 151 and 184 days has increased from 3.75% to 4% by 25 basis points (bps). However, interest rates on other tenures remain the same.
Here are the latest interest rates on Fixed deposits offered by ICICI Bank.
| Tenors | Interest rates (in %) |
|---|---|
| 7 Days to 29 Days - | 2.75 |
| 29 Days to 45 Days | 3.25 |
| 46 days to 90 days | 3.25 |
| 91 Days to 184 Days | 4.00 |
| 185 Days to 210 Days | 4.65 |
| 211 Days to 270 days | 4.65 |
| 271 days to 289 days | 4.65 |
| 290 days to less than a year | 4.65 |
| 1 year to 389 days | 5.50 |
| 390 days to less than 15 months | 5.50 |
| 15 months to less than 18 months | 5.50 |
| 18 months to 2 years | 5.50 |
| 2 years 1 day to 3 years | 5.60 |
| 3 years 1 day to 5 years | 6.10 |
| Above 5 years to 10 years | 5.90 |

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