New Delhi: Private sector lender ICICI Bank has revised interest rates on fixed deposits (FDs) ranging from 7 days to 10 years.
These revised interest rates will be applicable for new deposits and renewal of existing term deposits. ICICI Bank minimum tenure for Domestic & NRO term deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit. Minimum tenure for NRE term deposits is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit.
The new interest rates, for Domestic, NRO & NRE deposits (Less than Rs 5 crore) w.e.f. November 16, 2021 for Single deposit of less than Rs 20.0 million and that of Single deposit of Rs 20.0 mn & above but less than Rs 50.0 mn w.e.f. November 29, 2021
| Maturity Period | Interest rates (per cent per annum) w.e.f. November 16, 2021 | Interest rates (per cent per annum) w.e.f. November 29, 2021 | ||
|---|---|---|---|---|
| Single deposit of less than ₹20.0 million | Single deposit of ₹20.0 mn & above but less than 50.0 mn | |||
| General | **Senior Citizen | General | **Senior Citizen | |
| 7 days to 14 days | 2.50% | 3.00% | 2.75% | 2.75% |
| 15 days to 29 days | 2.50% | 3.00% | 2.75% | 2.75% |
| 30 days to 45 days | 3.00% | 3.50% | 3.00% | 3.00% |
| 46 days to 60 days | 3.00% | 3.50% | 3.00% | 3.00% |
| 61 days to 90 days | 3.00% | 3.50% | 3.15% | 3.15% |
| 91 days to 120 days | 3.50% | 4.00% | 3.15% | 3.15% |
| 121 days to 150 days | 3.50% | 4.00% | 3.15% | 3.15% |
| 151 days to 184 days | 3.50% | 4.00% | 3.15% | 3.15% |
| 185 days to 210 days | 4.40% | 4.90% | 3.65% | 3.65% |
| 211 days to 270 days | 4.40% | 4.90% | 3.65% | 3.65% |
| 271 days to 289 days | 4.40% | 4.90% | 3.90% | 3.90% |
| 290 days to less than 1 year | 4.40% | 4.90% | 3.90% | 3.90% |
| 1 year to 389 days | 4.90% | 5.40% | 4.05% | 4.05% |
| 390 days to < 15 months | 4.90% | 5.40% | 4.05% | 4.05% |
| 15 months to < 18 months | 4.90% | 5.40% | 4.15% | 4.15% |
| 18 months to 2 years | 5.00% | 5.50% | 4.25% | 4.25% |
| 2 years 1 day to 3 years | 5.15% | 5.65% | 4.50% | 4.50% |
| 3 years 1 day to 5 years | 5.35% | 5.85% | 4.70% | 4.70% |
| 5 years 1 day to 10 years | 5.50% | #6.30% | 4.70% | 4.70% |
| 5 Years (80C FD) – Max to `1.50 lac | 5.35% | 5.85% | NA | NA |
ICICI Bank gives interest rates ranging from 2.5% to 5.50% on deposits between 7 days to 10 years of maturity. Interest earned on the Fixed Deposit will be subject to Tax Deducted at Source as per Income Tax laws.
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