ICICI Bank, the second largest private lender in the country has hiked FD rates. The bank is now offering interest rates between 4.75 percent to 6.75 percent. The new FD rates would be in effect from 22 March 2023.
ICICI Bank had hiked the interest rates on bulk FDs in February. Bank has increased rates for FDs amounting from Rs.2 crore to Rs. 5 crore. The interest rate for a tenure of 7 to 14 days and 15 to 29 days is 4.75% for both general public and senior citizens. The interest rate for a tenure of 30 to 45 days is 5.50% for general public and senior citizens.
For a tenure of 61-90 days, interest rate is 6.00% for general public and senior citizens. The interest rate is 6.50 % for tenures of 91 to 120 days, 121 days to 150 days, 151 to 184 days.For deposits maturing within 185 to 210 days and 211 days to 270 days the private bank is offering 6.65 percent. For more plans refer to the table below –
| Maturity Period | General public Interest Rates | Senior Citizens Interest Rates |
| 7 days to 14 days | 4.75% | 4.75% |
| 15 days to 29 days | 4.75% | 4.75% |
| 30 days to 45 days | 5.50% | 5.50% |
| 46 days to 60 days | 5.75% | 5.75% |
| 61 days to 90 days | 6.00% | 6.00% |
| 91 days to 120 days | 6.50% | 6.50% |
| 121 days to 150 days | 6.50% | 6.50% |
| 151 days to 184 days | 6.50% | 6.50% |
| 185 days to 210 days | 6.65% | 6.65% |
| 211 days to 270 days | 6.65% | 6.65% |
| 271 days to 289 days | 6.75% | 6.75% |
| 290 days to less than 1 year | 6.75% | 6.75% |
| 1 year to 389 days | 7.25% | 7.25% |
| 390 days to < 15 months | 7.25% | 7.25% |
| 15 months to < 18 months | 7.15% | 7.15% |
| 18 months to 2 years | 7.15% | 7.15% |
| 2 years 1 day to 3 years | 7.00% | 7.00% |
| 3 years 1 day to 5 years | 6.75% | 6.75% |
| 5 years 1 day to 10 years | 6.75% | 6.75% |
| 5 Years (80C FD) – Max to Rs 1.50 lakh | NA | NA |
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