ICICI Bank Latest FD Rates 2024: ICICI Bank has announced a big increase in its fixed deposits (FD) interest rates on select maturities by 150 bps. Let us understand the current slab of ICICI’s Latest FD Rates in 2024.
ICICI Bank Latest FD Rates 2024:
ICICI Bank, the country’s reputed and big private sector bank, has increased its interest rates tremendously while giving New Year gifts to its customers. ICICI Bank hikes fixed deposit interest rate by 150 bps on select maturities. According to the ICICI Bank website information, the revised interest rates have become effective from January 3, 2024. Let us understand the current slab of ICICI Bank Latest FD Rates 2024.
ICICI Bank New fixed deposits Rates 2024
While giving New Year gifts to its customers, ICICI Bank has increased the FD interest rates by a maximum of 150 bps. See here the details of old and new interest rates.
- By increasing the interest rates on the 389-day special FD scheme, it has been increased from 6.7% to 7.25%.
- On FD schemes of 61 days to 90 days, the bank is now getting the benefit of a 6% interest rate instead of 4.50%.
- On FD schemes of 91 days to 184 days, the benefit of interest rate is 6.50% instead of 4.75%.
- On FDs of 185 days to 270 days, interest rates ranging from 5.75% to 6.75% are available.
- Interest rates ranging from 6.70% to 7.25% are available on FDs of 390 days to 15 months.
- FD for 5 to 10 years is now getting the benefit of a 7% interest rate instead of 6.90%.
ICICI Bank FD Interest Rates on Domestic, NRE & NRO Deposits of less than Rs 2 Crore
| Tenors | Interest Rates for Regular Customer | Interest Rates for Senior Citizens |
|---|---|---|
| 7 days to 14 days | 3.00% | 3.50% |
| 15 days to 29 days | 3.00% | 3.50% |
| 30 days to 45 days | 3.50% | 4.00% |
| 46 days to 60 days | 4.25% | 4.75% |
| 61 days to 90 days | 4.50% | 5.00% |
| 91 days to 120 days | 4.75% | 5.25% |
| 121 days to 150 days | 4.75% | 5.25% |
| 151 days to 184 days | 4.75% | 5.25% |
| 185 days to 210 days | 5.75% | 6.25% |
| 211 days to 270 days | 5.75% | 6.25% |
| 271 days to 289 days | 6.00% | 6.50% |
| 290 days to less than 1 year | 6.00% | 6.50% |
| 1 year to 389 days | 6.70% | 7.20% |
| 390 days to less than 15 months | 6.70% | 7.20% |
| 15 months to less than 18 months | 7.10% | 7.65% |
| 18 months to 2 years | 7.10% | 7.65% |
| 2 years 1 day to 3 years | 7.00% | 7.50% |
| 3 years 1 day to 5 years | 7.00% | 7.50% |
| 5 years 1 day to 10 years | 6.90% | 7.50% |
ICICI Bank FD Rates Latest News Update
ICICI Bank hikes fixed deposit interest rate by 150 bps which is a huge increase. Let us tell you that the interest received on FDs is taxable. The revised rates are for FDs less than ₹2 crore which are effective from January 3, 2024. ICICI can change the interest rates without prior notice. For more information visit the official website of the ICICI Bank “www.icicibank.com”.