ICICI Bank has hiked fixed deposit (FD) interest rates for amounts below Rs 2 crore on select tenors by up to 30 basis points. The new interest rates are effective from November 16, 2022. ICICI Bank will now offer interest rates between 3 percent and 6.60 percent for tenors from 7 days to 10 years for regular investors.
ICICI Bank had earlier raised the interest rates of select FD tenures by up to 50 basis points on October 29, 2022.
ICICI Bank raised the interest rate on FDs maturing 15 months to less than 18 months to 6.40 percent from 6.10%, a hike of 30 bps. For fixed deposits maturing 18 months to two years, the interest rate has jumped to 6.40 percent from 6.15 percent which is 25 basis points.
The deposits maturing between two years one day to three years will now fetch an interest rate of 6.50 percent. Earlier, the interest rate for this tenure was 6.20 percent.
The interest rate for fixed deposits maturing between three years one day to five years has surged to 6.60 percent from 6.35 percent.
ICICI Bank has increased the interest rate for FDs maturing between five years and one day to 10 years to 6.50 percent from 6.25 percent. The lender now offers 6.60 percent interest for five-year-tax-saving FDs. Earlier, the interest rate for tax-saving FD was 6.35 percent.
Other tenures remain unchanged. ICICI Bank senior citizen FD rates ICICI Bank will now offer interest rates between 3.50 percent and 7.10 percent for tenors from 7 days to 10 years.
ICICI Bank RD rates
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For recurring deposits (RDs) ICICI Bank will now offer interest rates ranging from 4.50 percent to 6.60 percent for tenures ranging from 6 months to 10 years and senior citizens will earn between 5 percent to 7.10 percent.
Latest ICICI Bank FD interest rates October 2023: Check details
