ICICI Bank Revises Interest Rates On These Fixed Deposits, Now Offers Maximum 7.25% To Senior Citizens

Second largest private sector lender ICICI Bank revises interest rates on bulk fixed deposits (FDs) of more than Rs 2 Crore to less than Rs 5 Crore. The revised interest rates on bulk deposits are effective from April 13, 2023, according to the ICICI Bank.

The bank offers interest rates ranging from 4.75% to 7.25% on deposits period ranging from 7 days to 10 years to the general public and senior citizens. On the deposit period of 1 year to 15 months, the bank now offers a maximum interest rate of 7.25 percent.

Under the bulk deposits, the bank doesn't offer a Tax Saver FD of 5 years. According to the bank, NRE rates are applicable for tenure of 1 year and above only and Senior Citizens FD Interest rates are only applicable for domestic term deposits.

Interest rates On Fixed Deposit of Rs 2 Cr & Above But Less Than Rs 5 Cr w.e.f. April 13, 2023

Maturity Period	General FD Rates (p.a.)	**Senior Citizen FD Rates (p.a.)
7 days to 14 days	4.75%	4.75%
15 days to 29 days	4.75%	4.75%
30 days to 45 days	5.50%	5.50%
46 days to 60 days	5.75%	5.75%
61 days to 90 days	6.00%	6.00%
91 days to 120 days	6.50%	6.50%
121 days to 150 days	6.50%	6.50%
151 days to 184 days	6.50%	6.50%
185 days to 210 days	6.65%	6.65%
211 days to 270 days	6.65%	6.65%
271 days to 289 days	6.75%	6.75%
290 days to less than 1 year	6.75%	6.75%
1 year to 389 days	7.25%	7.25%
390 days to	7.25%	7.25%
15 months to	7.15%	7.15%
18 months to 2 years	7.15%	7.15%
2 years 1 day to 3 years	7.00%	7.00%
3 years 1 day to 5 years	6.75%	6.75%
5 years 1 day to 10 years	6.75%	6.75%
5 Years (80C FD) - Max to 1.50 lac	NA	NA

Source - ICICIbank.com