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ICICI Bank Revises Interest Rates On FD (W.e.f. 4th December 2021)

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ICICI Bank, one of India's largest private-sector lenders, has altered its fixed deposit interest rates ahead of the Reserve Bank of India's (RBI) bi-monthly monetary policy review next week. According to ICICI Bank's official website, the revised rates are effective from December 4, 2021.

 

ICICI Bank Fixed Deposit Interest Rates
 

ICICI Bank Fixed Deposit Interest Rates

ICICI Bank is now giving 2.50 percent and 3.00 percent interest rates to the general public on fixed deposits of less than Rs 2 crore maturing in 7 days to 29 days and 30 days to 90 days, respectively. Regular customers will get interest rates of 3.50 percent and 4.40 percent on term deposits maturing in 91 days to 184 days and 185 days to less than one year. On term deposits maturing in 1 year to less than 18 months and 18 months to 2 years, the general public will now receive interest rates of 4.90 percent and 5.00 percent, respectively.

Regular customers will get 5.20 percent and 5.40 percent returns on their deposits maturing in 2 years 1 day to 3 years and 3 years 1 day to 5 years, respectively, from ICICI Bank. The general public will now get interest rates of 5.60 percent and 5.40 percent on single deposits maturing in 5 years 1 day to 10 years and tax-saving fixed deposits of less than Rs 1.5 lakh maturing in 5 years, respectively.

TenorsInterest rates p.a.
7 days to 14 days2.50%
15 days to 29 days2.50%
30 days to 45 days3.00%
46 days to 60 days3.00%
61 days to 90 days3.00%
91 days to 120 days3.50%
121 days to 150 days3.50%
151 days to 184 days3.50%
185 days to 210 days4.40%
211 days to 270 days4.40%
271 days to 289 days4.40%
290 days to less than 1 year4.40%
1 year to 389 days4.90%
390 days to < 15 months4.90%
15 months to < 18 months4.90%
18 months to 2 years5.00%
2 years 1 day to 3 years5.20%
3 years 1 day to 5 years5.40%
5 years 1 day to 10 years5.60%
5 Years (80C FD)5.40%
W.e.f. December 04, 2021. Source: Bank's website

ICICI Bank Fixed Deposit Interest Rates For Senior Citizens

ICICI Bank Fixed Deposit Interest Rates For Senior Citizens

On their deposits of less than Rs. 2 Cr, senior citizens will continue to get an additional rate of 0.50% over and above the card rate applicable to regular customers on tenors of 7 days to 5 years. The main attraction for senior citizens is that ICICI Bank offers a special fixed deposit named ICICI Bank Golden Years FD where they can get an additional interest rate of 0.20% for a limited time over and above the existing additional rate of 0.50% per annum on their fresh deposits opened as well as renewed deposits of less than Rs. 2 Cr maturing in 5 years 1 day up to 10 years. According to the bank's website, the deal is only valid till 08th April 2022.

TenorsInterest rates p.a.
7 days to 14 days3.00%
15 days to 29 days3.00%
30 days to 45 days3.50%
46 days to 60 days3.50%
61 days to 90 days3.50%
91 days to 120 days4.00%
121 days to 150 days4.00%
151 days to 184 days4.00%
185 days to 210 days4.90%
211 days to 270 days4.90%
271 days to 289 days4.90%
290 days to less than 1 year4.90%
1 year to 389 days5.40%
390 days to < 15 months5.40%
15 months to < 18 months5.40%
18 months to 2 years5.50%
2 years 1 day to 3 years5.70%
3 years 1 day to 5 years5.90%
5 years 1 day to 10 years6.30%
5 Years (80C FD)5.90%
W.e.f. December 04, 2021. Source: Bank's website

ICICI Bank Fixed Deposit Interest Rates (Single deposits of Rs. 2 Cr to less than Rs. 5 Cr)

ICICI Bank Fixed Deposit Interest Rates (Single deposits of Rs. 2 Cr to less than Rs. 5 Cr)

The bank has also revised its interest rates on single deposits of Rs. 2 Cr to less than Rs. 5 Cr. According to the bank's website, these rates are in force from 3rd December 2021 and are as follows.

TenorsGeneralSenior Citizen
7 days to 14 days2.50%2.50%
15 days to 29 days2.50%2.50%
30 days to 45 days2.75%2.75%
46 days to 60 days2.75%2.75%
61 days to 90 days3.00%3.00%
91 days to 120 days3.00%3.00%
121 days to 150 days3.00%3.00%
151 days to 184 days3.00%3.00%
185 days to 210 days3.50%3.50%
211 days to 270 days3.50%3.50%
271 days to 289 days3.65%3.65%
290 days to less than 1 year3.65%3.65%
1 year to 389 days4.00%4.00%
390 days to < 15 months4.00%4.00%
15 months to < 18 months4.10%4.10%
18 months to 2 years4.25%4.25%
2 years 1 day to 3 years4.45%4.45%
3 years 1 day to 5 years4.60%4.60%
5 years 1 day to 10 years4.60%4.60%
5 Years (80C FD)NANA
W.e.f. December 03, 2021. Source: Bank's website

Story first published: Saturday, December 4, 2021, 12:52 [IST]
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