ICICI Bank FD Interest Rates Updated: Discover the Latest Offers!

Koushik Roy

ICICI Bank FD Interest Rates Updated: Discover the Latest Offers!

ICICI Bank Fixed Deposit Rates: October 2024 Update

The ICICI Bank, one of India’s leading private sector banks, has made a significant revision to its fixed deposit (FD) interest rates as of October 1, 2024. This new structure applies to deposits up to ₹3 crore. For senior citizens, the bank is offering an attractive maximum interest rate of 7.80% on fixed deposits with tenures ranging from less than 15 months to 18 months. This revision reflects the bank’s commitment to providing competitive rates to its customers, catering to their savings needs while ensuring they get optimal returns on their investments.

Interest Rates Overview

Here’s a detailed breakdown of the interest rates offered by ICICI Bank for fixed deposits up to ₹3 crore, categorized by tenure:

TenureGeneral Public (%)Senior Citizens (%)
7 days to 29 days3.003.50
30 days to 45 days3.504.00
46 days to 60 days4.254.75
61 days to 90 days4.505.00
91 days to 184 days4.755.25
185 days to 270 days5.756.25
271 days to less than 1 year6.006.50
One year to less than 15 months6.707.20
15 months to less than 18 months7.257.80 (Maximum interest rate offered)
18 months to 2 years7.257.75
2 years 1 day to 5 years7.007.50
5 years 1 day to 10 years6.907.40
5-year tax saving FD7.007.50

Key Points to Consider

   

It is essential for investors to note that these interest rates are applicable only for fixed deposits up to ₹3 crore and are aligned with current market trends. Additionally, senior citizens benefit from higher rates, encouraging them to make informed investment decisions. The updates highlight ICICI Bank’s competitive edge in the banking sector, aiming to attract both individual and institutional investors looking to maximize their savings.

Note: The fixed deposit rates mentioned above are sourced from the official website of ICICI Bank and are subject to periodic revisions based on market conditions. Customers are encouraged to regularly check these rates for the best investment opportunities.