ICICI Bank Revises Interest Rates On These Deposits W.e.f. March 10, 2022

ICICI Bank, a private sector lender, has revised interest rates on domestic, NRO, and NRE deposits of more than Rs 2 crore to less than Rs 5 crore. According to the revised, the bank is now offering deposits maturing in 3 years 1 day to 10 years at the maximum interest rate of 4.60 percent to the general public and elderly citizens.

ICICI Bank Bulk Deposit Interest Rates

The interest rates applicable on deposits of Rs 2 Cr to Rs 5 Cr are similar in both general and senior citizens categories. W.e.f 10th March 2022, the bank is offering an interest rate of 2.50% on deposits maturing in 7 days to 29 days. Deposits maturing in 30 days to 60 days will now fetch an interest rate of 2.75%, whereas deposits maturing in 61 days to 90 days will fetch an interest rate of 3%. ICICI Bank is now offering an interest rate of 3.35% on deposits maturing in 91 days to 184 days.

Term deposits maturing in 185 days to 270 days will now fetch an interest rate of 3.60%. The bank provides 3.70 percent on term deposits with maturities ranging from 271 days to less than a year. ICICI Bank currently offers 4.15 percent and 4.20 percent interest rates on deposits maturing in one year to less than 15 months and 15 months to 18 months, respectively. Deposits maturing in 18 months to 2 years and 2 years 1 day to 3 years will now pay 4.30 percent and 4.50 percent interest, respectively.

Tenors	General	Senior Citizens
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%
Source: Bank Website

Note

ICICI bank has kept the interest rate unchanged on deposits of less than Rs 2 Cr. The country's largest lender, State Bank of India (SBI), also revised interest rates on fixed deposits of more than Rs 2 crore on March 10, 2022. New deposits, as well as renewals of maturing accounts, will be subject to the new interest rates. Following the revision, SBI is now accepting deposits maturing in 7 days to 10 years at a rate of 3% - 3.60 percent. For more details, click here.