GOOD NEWS: ICICI Bank increases FD Interest Rates, Check New FD Rates Here

By Spreadit English Last updated May 2, 2022

The ICICI Bank has increased the interest rate on FDs of some categories. It became the latest money lender to join the growing list of its competitors to hike interest rates on fixed deposits.

In a press statement, the bank said the FD rates have been hiked for deposits of more than Rs 2 crore and up to Rs 5 crore. They also said that the FD rates are applicable for tenures of more than 1 year (both general and senior citizens).

The new interest rates are applicable now. Previously, the FD interest rate at ICIC bank with 1-year tenure was 4.30% which is now increased to 4.35%. However, the interest rates for tenures less than one year remain unchanged. Here are the new rates:

1 year to 389 days: For General Public – 4.35 per cent; For Senior Citizens – 4.35 per cent
390 days to less than 15 months: For General Public – 4.35 per cent; For Senior Citizens – 4.35 per cent
15 months to less than 18 months: For General Public – 4.45 per cent; For Senior Citizens – 4.45 per cent
18 months to 2 years: For General Public – 4.60 per cent; For Senior Citizens – 4.60 per cent
2 years 1 day to 3 years: For General Public – 4.70 per cent; For Senior Citizens – 4.70 per cent
3 years 1 day to 5 years: For General Public – 4.80 per cent; For Senior Citizens – 4.80 per cent
5 years 1 day to 10 years: For General Public – 4.80 per cent; For Senior Citizens – 4.80 per cent

For more breaking news, click here.