Personal Finance

ICICI Bank revises fixed deposit (FD) interest rates: Check latest rates here


After HDFC Bank, SBI, and Canara Bank, ICICI Bank has now followed suit and revised the interest rates on its fixed deposits. The new FD interest rates will be effective from January 20, 2022.

According to the bank’s website, ICICI Bank is now offering a 2.50 percent interest rate on deposits with a maturity of 7 to 29 days, and 3 percent interest rate on FDs with a maturity of 30 to 90 days. 3.5 percent for FDs with a maturity of 91 days to 184 days, and 4.40 percent for FDs with 185 days to less than one year tenor. On one-year to 389 days FDs, the bank is offering 5 percent.

ICICI Bank is offering a 5.60 percent interest rate on FDs maturing in 5 years 1 day up to 10 years. It is also offering 5.45 percent for a five-year FD, on which tax benefit is available under Section 80C of the Income-Tax Act, 1961.

Senior Citizen fixed deposit rates
ICICI Bank offers 0.50 percent higher interest rates to its senior citizen customers compared to non-seniors. It is now offering a 3 percent interest rate on deposits with a maturity of 7 to 29 days, and 3.50 percent interest rate on FDs with a maturity of 30 to 90 days. 4 percent for FDs with a maturity of 91 days to 184 days, and 4.90 percent for FDs with 185 days to less than one year tenor. On one-year -389 days FDs, the bank is offering 5.50 percent.

ICICI Bank fixed deposit rates from January 20, 2022

Maturity Period Single deposit of Rs 2 crore Single deposit of Rs 2 crore but less than Rs 5 crore
General Senior Citizens General Senior Citizens
7 days to 14 days 2.50% 3.00% 2.50% 2.50%
15 days to 29 days 2.50% 3.00% 2.50% 2.50%
30 days to 45 days 3.00% 3.50% 2.75% 2.75%
46 days to 60 days 3.00% 3.50% 2.75% 2.75%
61 days to 90 days 3.00% 3.50% 3.00% 3.00%
91 days to 120 days 3.50% 4.00% 3.35% 3.35%
121 days to 150 days 3.50% 4.00% 3.35% 3.35%
151 days to 184 days 3.50% 4.00% 3.35% 3.35%
185 days to 210 days 4.40% 4.90% 3.60% 3.60%
211 days to 270 days 4.40% 4.90% 3.60% 3.60%
271 days to 289 days 4.40% 4.90% 3.70% 3.70%
290 days to less than 1 year 4.40% 4.90% 3.70% 3.70%
1 year to 389 days 5.00% 5.50% 4.05% 4.05%
390 days to 5.00% 5.50% 4.05% 4.05%
15 months to 5.00% 5.50% 4.10% 4.10%
18 months to 2 years 5.00% 5.50% 4.25% 4.25%
2 years 1 day to 3 years 5.20% 5.70% 4.50% 4.50%
3 years 1 day to 5 years 5.45% 5.95% 4.60% 4.60%
5 years 1 day to 10 years 5.60% #6.35% 4.60% 4.60%
5 Years (80C FD) – Max to Rs 1.50 lac 5.45% 5.95% NA NA

ICICI Bank Golden Years FD Rates
Over and above the existing additional rate of 0.50 percent per annum, resident senior citizen clients will receive an additional interest rate of 0.25 percent. During the scheme’s duration, a higher rate will be offered on both new and renewal deposits. The period of application is from May 20, 2020, to April 8, 2022.

Penalty on premature withdrawal
According to the ICICI website, interest will be calculated at the rate in effect at the time the deposit was held with the Bank, or the deposit’s contracted rate, whichever is lower, plus any applicable penalty.



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