Private sector lender ICICI Bank increases fixed deposit interest rates for some select tenures. The increase in ICICI FD interest rates is with effect from August 14, 2018. ICICI Bank has raised its interest rates on fixed deposits between 15 basis points (0.15%) to 25 basis points (0.25%) on selected term deposits. Also the bank announced in a statement, ICICI Bank staff will get an additional 1% interest on domestic term deposits below Rs. 1 crore. The revised FD rates will apply for both General and Senior Citizens.
Latest ICICI Bank FD Rates
|Tenure Period||Rate of Interest (% p.a.)* w.e.f August 14, 2018|
|7 days to 14 days||4.00||4.50|
|15 days to 29 days||4.25||4.75|
|30 days to 45 days||5.50||6.00|
|46 days to 60 days||5.75||6.25|
|61 days to 90 days||6.00||6.50|
|91 days to 120 days||6.00||6.50|
|121 days to 184 days||6.00||6.50|
|185 days to 289 days||6.50||7.00|
|290 days to less than 1 year||6.75||7.25|
|1 year to 389 days||6.75||7.25|
|390 days to 2 years||7.00||7.50|
|2 years 1 day up to 5 years||7.25||7.75|
|5 years 1 day up to 10 years||7.00||7.50|
|5 Years Tax saver FD(Max up to Rs. 1.50 lac)||7.25||7.75|
*Interest rate are applicable on deposits below ₹ 1 crore.
The FD rates revision by ICICI Bank comes days after the largest public sector lender State Bank of India and HDFC Bank revised their respective interest rates on select FDs in the wake of a hike in key lending rate (repo rate) announced by the Reserve Bank of India.