ICICI Bank cuts FD interest rate by up to 20 bps: Senior citizens can earn 7.35% on these tenures

ICICI Bank has slashed its fixed deposit (FD) account interest rates by up to 20 basis points (bps) on select tenures for amounts less than Rs 3 crore. The rates are applicable from May 26, 2025.

After the revision, the bank offers FD interest rate between 3% and 6.85% for general citizens, and for senior citizens, the bank now offers interest rates between 3.5% to 7.35%.

Earlier, the bank offered FD interest rate between 3% and 7.05% for general citizens, and for senior citizens, the bank offered interest rates between 3.5% to 7.55%.


HDFC Bank cuts FD interest rate by up to 20 bps: Senior citizens can earn 7.35% on these tenures

For which tenures has ICICI Bank reduced FD interest rates?

ICICI Bank has reduced its fixed deposit (FD) interest rates across various tenures. For deposits of 1 year to less than 15 months, the rate has been cut by 20 basis points (bps) to 6.5% from 6.7%. Tenures of 15 months to less than 18 months now offer 6.6%, down from 6.8%. FDs maturing in 18 months to 2 years will earn 6.85%, a reduction from the earlier 7.05%. For the 2 years 1 day to 5 years tenure, the rate has been brought down by 15 bps to 6.75% from 6.90%. Deposits of 5 years 1 day to 10 years will now fetch 6.7%, compared to the earlier 6.8%. The interest rate on tax-saving FDs has also been revised to 6.75% from 6.9%.

Tenure	With Premature Withdrawal facility
	General Citizen	Senior Citizen
7 to 45 Days	3%	3.50%
46 to 90 Days	4.25%	4.75%
91 to 184 Days	4.75%	5.25%
185 to 270 Days	5.75%	6.25%
271 Days to < 1 Year	6%	6.50%
1 Year to < 15 Months	6.50%	7%
15 Months to < 18 Months	6.60%	7.10%
18 Months to 2 Years	6.85%	7.35%
	HIGHEST	HIGHEST
2 Years 1 Day to 5 Years	6.75%	7.25%
5 Years 1 Day to 10 Years	6.70%	7.20%
5Y (Tax Saver FD)	6.75%	7.25%

Source: Bank website

Senior citizens FD interest rate

For senior citizens, the bank offers FD interest rate between 3.5% and 7.35% for amounts below Rs 3 crore after revision. The highest FD interest rate of 7.35% on tenure 18 months to 2 years.

Canara bank revises FD, savings interest rate: Check latest rates

ICICI Bank RD interest rates

For general citizens, ICICI bank offers recurring deposit (RD) interest rate between 4.75% and 6.85% for general citizens and for senior citizens the bank offers between 5.25% and 7.35% on various tenures.

Maturity Period	Rate of Interest (% p.a.) w.e.f 21 May, 2025
	General	Senior Citizen
6 months	4.75%	5.25%
9 months	6.00%	6.50%
12 months	6.50%	7.00%
15 months	6.60%	7.10%
18 months	6.85%	7.35%
21 months	6.85%	7.35%
24 months	6.85%	7.35%
27 months	6.75%	7.25%
30 months	6.75%	7.25%
33 months	6.75%	7.25%
36 months	6.75%	7.25%
Above 3 years upto 5 years	6.75%	7.25%
Above 5 years upto 10 years	6.70%	7.20%