ICICI Bank Modifies Interest Rates On Fixed Deposits of Less Than Rs. 2 Cr (W.e.f. January 20, 2022)

ICICI Bank, one of India's leading private lenders, has changed its interest rates on domestic, NRO, and NRE deposits of less than Rs. 2 Cr. The new rates are effective as of today, January 20, 2022, according to the bank's official website. Based on the revision, the bank is now offering an interest rate of 2.50% to 5.60% to the general public and 3.00% to 6.35% to senior citizens on their domestic term deposits maturing in 7 days to 10 years.

Note: Meanwhile, Axis Bank has also revised its interest rates on domestic term deposits of less than Rs. 2 Cr. The new rates are effective as of today 20th January 2022 and for more details, please click here.

ICICI Bank Fixed Deposit Interest Rates For Regular Customers

With effect from 20th January 2022, ICICI Bank is offering an interest rate of 2.50% to the general public on their domestic term deposits of less than Rs. 2 Cr maturing in 7 days to 29 days. The bank is now offering an interest rate of 3.00% to regular customers on their term deposits maturing in 30 days to 90 days. Whereas deposits maturing in 91 days to 184 days will now fetch an interest rate of 3.50%.

Regular customers will now get an interest rate of 4.40% and 5.00% on their domestic term deposits maturing in 185 days to less than 1 year and 1 year to 2 years. Non-senior citizens can now receive 5.20 percent, 5.45 percent, and 5.60 percent interest on deposits maturing in 2 years 1 day to 3 years, 3 years 1 day to 5 years, and 5 years 1 day to 10 years, respectively, from ICICI Bank. The bank is currently proposing a 5.45 percent interest rate on tax-saving fixed deposits of Rs. 1.5 lac maturing in 5 years.

Tenor	Interest rates (per annum) for non-senior citizens
7 days to 14 days	2.50%
15 days to 29 days	2.50%
30 days to 45 days	3.00%
46 days to 60 days	3.00%
61 days to 90 days	3.00%
91 days to 120 days	3.50%
121 days to 150 days	3.50%
151 days to 184 days	3.50%
185 days to 210 days	4.40%
211 days to 270 days	4.40%
271 days to 289 days	4.40%
290 days to less than 1 year	4.40%
1 year to 389 days	5.00%
390 days to < 15 months	5.00%
15 months to < 18 months	5.00%
18 months to 2 years	5.00%
2 years 1 day to 3 years	5.20%
3 years 1 day to 5 years	5.45%
5 years 1 day to 10 years	5.60%
5 Years (80C FD)	5.45%
Source: Bank Website. W.e.f. 20.01.2022

ICICI Bank Fixed Deposit Interest Rates For Senior Citizens

Senior citizens will continue to get an additional rate of 0.50% across tenors of 7 days to 5 years on their deposits. ICICI Bank also offers a unique deposit scheme for senior citizens called the ICICI Bank Golden Years FD, under which the bank promises an additional interest rate of 0.25 percent over and above the existing additional rate of 0.50 percent per annum. This offer is applicable on fixed deposits with terms ranging from 5 years 1 day to 10 years, and it is valid until April 8, 2022. Under ICICI Bank Golden Years FD, senior citizens will get an interest rate of 6.35%.

Tenor	Interest rates (per annum) for senior citizens
7 days to 14 days	3.00%
15 days to 29 days	3.00%
30 days to 45 days	3.50%
46 days to 60 days	3.50%
61 days to 90 days	3.50%
91 days to 120 days	4.00%
121 days to 150 days	4.00%
151 days to 184 days	4.00%
185 days to 210 days	4.90%
211 days to 270 days	4.90%
271 days to 289 days	4.90%
290 days to less than 1 year	4.90%
1 year to 389 days	5.50%
390 days to < 15 months	5.50%
15 months to < 18 months	5.50%
18 months to 2 years	5.50%
2 years 1 day to 3 years	5.70%
3 years 1 day to 5 years	5.95%
5 years 1 day to 10 years	6.35%
5 Years (80C FD)	5.95%
Source: Bank Website. W.e.f. 20.01.2022

ICICI Bank Interest Rates On Fixed Deposits of Rs 2 Cr to Rs 5 Cr

With effect from January 20, 2022, ICICI Bank is currently giving the following interest rate on domestic, NRO, and NRE deposits of Rs 2 Cr to Rs 5 Cr.

Tenor	General	Senior Citizen
7 days to 14 days	2.50%	2.50%
15 days to 29 days	2.50%	2.50%
30 days to 45 days	2.75%	2.75%
46 days to 60 days	2.75%	2.75%
61 days to 90 days	3.00%	3.00%
91 days to 120 days	3.35%	3.35%
121 days to 150 days	3.35%	3.35%
151 days to 184 days	3.35%	3.35%
185 days to 210 days	3.60%	3.60%
211 days to 270 days	3.60%	3.60%
271 days to 289 days	3.70%	3.70%
290 days to less than 1 year	3.70%	3.70%
1 year to 389 days	4.05%	4.05%
390 days to < 15 months	4.05%	4.05%
15 months to < 18 months	4.10%	4.10%
18 months to 2 years	4.25%	4.25%
2 years 1 day to 3 years	4.50%	4.50%
3 years 1 day to 5 years	4.60%	4.60%
5 years 1 day to 10 years	4.60%	4.60%
Source: Bank Website. W.e.f. 20.01.2022