ICICI Bank Revises Fixed Deposit Rates Effective 5 December 2023: Check Interest Rates For General Public, Senior Citizen, Tenor And Other Details

NewDelhi: Private sector lender ICICI Bank has revised the Fixed Deposit (FD) rates for Single deposit of Rs 2 Crores & above but less than Rs 5 Crores for general public and senior citizens. The ICICI Bank FD Rates are effective from 5 December 2023, the bank website said.

Interest rates (per cent per annum) w.e.f. 5 December 2023 , for Single deposit of Rs 2 Crores & above but less than Rs 5 Crores are as follows:

Maturity PeriodInterest rates (per cent per annum) w.e.f. October 16, 2023Interest rates (per cent per annum) w.e.f. December 05, 2023
Single deposit of less than ₹2 CroresSingle deposit of ₹2 Crores & above but less than ₹5 Crores
General Citizen Interest Rates**Senior Citizen Interest RatesGeneral Citizen Interest Rates**Senior Citizen Interest Rates
7 days to 14 days3.00%3.50%4.75%4.75%
15 days to 29 days3.00%3.50%4.75%4.75%
30 days to 45 days3.50%4.00%5.50%5.50%
46 days to 60 days4.25%4.75%5.75%5.75%
61 days to 90 days4.50%5.00%6.00%6.00%
91 days to 120 days4.75%5.25%6.50%6.50%
121 days to 150 days4.75%5.25%6.50%6.50%
151 days to 184 days4.75%5.25%6.50%6.50%
185 days to 210 days5.75%6.25%6.65%6.65%
211 days to 270 days5.75%6.25%6.65%6.65%
271 days to 289 days6.00%6.50%6.75%6.75%
290 days to less than 1 year6.00%6.50%6.75%6.75%
1 year to 389 days6.70%7.20%7.25%7.25%
390 days to < 15 months6.70%7.20%7.25%7.25%
15 months to < 18 months7.10%7.65%7.05%7.05%
18 months to 2 years7.10%7.65%7.05%7.05%
2 years 1 day to 3 years7.00%7.50%7.00%7.00%
3 years 1 day to 5 years7.00%7.50%7.00%7.00%
5 years 1 day to 10 years6.90%#7.50%7.00%7.00%
5 Years (80C FD) – Max to `1.50 lac7.00%7.50%NANA

Recently, HDFC Bank has revised its interest rates on non-withdrawable fixed deposits.  For non-withdrawable fixed deposits, HDFC Bank is now offering a maximum return of 7.45 percent for tenures spanning one to two years, and 7.2 percent for durations ranging from two to ten years. 
The FD rate revisions come ahead of the meeting of the 6-member monetary policy committee (MPC) of the Reserve Bank of India (RBI), scheduled from December 06 to December 08.

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