ICICI Bank Revises FD Rates; Extends Golden Years Special FD Scheme

On its fixed deposits under Rs 2 Cr, ICICI Bank revised the interest rates. For a term of 15 months to two years, the bank now promises a maximum return of 7.10% to the general public and 7.65% to senior citizens. Interestingly, ICICI Bank additionally extended the duration of senior citizens' special term deposit programme Golden Years FD.

ICICI Bank FD Rates

The bank is now giving an interest rate of 3.00% on fixed deposits that mature in the next 7 to 29 days, while ICICI Bank is also offering an interest rate of 3.50% on deposits that mature in the next 30 to 45 days. The current interest rates offered by ICICI Bank are 4.25% for deposits made between 46 and 60 days and 4.50% for deposits made between 61 and 90 days.

Deposits maturing between 91 and 184 days from now on will earn interest at a rate of 4.75%, while deposits that mature between 185 and 270 days from now on will earn interest at a rate of 5.75%.

ICICI Bank will now pay an interest rate of 6.70% on FDs that mature between 1 year to 15 months and a rate of 6% on those maturing in 271 days to less than 1 year. The interest rate for deposits held for 15 months to two years will now be 7.00%, and for deposits held for two years and one day to five years, it will be 7.10%. Customers will now get an interest rate of 7% on 5 Years (80C FD) and will continue to receive an interest rate of 6.90% on deposits maturing in 5 years 1 day to 10 years.

Senior citizens will continue to get an additional interest rate of 50 bps over and above the standard rates on 7 days to 5 years of tenure. However, on FD tenure of 5 years 1 day, up to 10 years, senior citizens will get 60 bps over and above the standard rates under the Golden Years FD scheme of ICICI Bank. ICICI Bank has extended the Golden Years FD scheme till 30th April 2024 and during the period of the plan, both newly established accounts and renewal deposits will be eligible for the additional interest rates for senior citizens.