ICICI Bank Revises Fixed Deposit Rates With Effect From March 22, 2022: Check Details

ICICI Bank has raised FD rates for deposits of Rs. 2 crore and more but less than Rs. 5 crore. The new rates come into effect from March 22, 2022 i.e. today. The interest rate hike has been made on Fixed deposits maturing between 1 year to 2 years. So, ICICI Bank henceforth for tenure of 1 year to 389 days will offer 4.15% interest rate to both general and senior citizens. Earlier, the rate was pegged at 4.05%.

For tenure over 15 months to less than 18 months, the bank will now offer 4.2% interest rate as against 4.1% earlier to any of the depositor.

Likewise, for FD tenure of 18 months to 2 years, the bank will henceforth offer 4.3% interest rate as against previous offering of 4.25%, making it a 5 basis point hike. 1 basis point or 1bps is one hundredth of a percentage point.

The bank however kept the interest rate unchanged on the other FD tenures.

Remember these new hiked interest rates shall apply in case of new deposit accounts or renewal of existing term deposits with the bank.

ICICI Bank latest FD rates for deposits of above Rs. 2 crore but less than Rs. 5 crore

Maturity Period	Single deposit of ₹20.0 mn & above but less than 50.0 mn
	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	4.15%	4.15%
390 days to	4.15%	4.15%
15 months to	4.20%	4.20%
18 months to 2 years	4.30%	4.30%
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%
5 Years (80C FD) - Max to 1.50 lac	NA	NA
Source: ICICI Bank