ICICI Bank, a private sector lender, changed the interest rates on term deposits from ₹2 crore to ₹5 crore, with the announcement made today, May 26, 2022. Following the amendment, the bank now grants an interest rate of 3% on deposits held for seven to thirty days. While the interest rate on deposits maturing in 30 to 60 days is now 3.25%. ICICI Bank currently pays an interest rate of 3.40% on term deposits maturing between 61 and 90 days. Deposits maturing in 91 days to 184 days will now earn 4.25% interest.
Term deposits with a maturity of 185 days to 270 days now have an interest rate of 4.50%, while term deposits with a maturity of 271 days to less than one year now have an interest rate of 4.70%. The interest rate on deposits of one year to less than 15 months is 4.95%. The bank will now offer an interest rate of 5.00% on term deposits of 15 months to two years, while ICICI Bank will now offer an interest rate of 5.25% on deposits of two years and a day to ten years.
ICICI Bank FD rate 2022
On single deposits of ₹20.0 mins and above but less than 50.0 mins, ICICI Bank is offering the following interest rates to non-seniors and seniors (percentage per annum) on May 26, 2022.
7 days to 14 days – 3.00%
15 days to 29 days – 3.00%
30 days to 45 days – 3.25%
46 days to 60 days – 3.25%
61 days to 90 days – 3.40%
91 days to 120 days – 4.25%
121 days to 150 days – 4.25%
151 days to 184 days – 4.25%
185 days to 210 days – 4.50%
211 days to 270 days – 4.50%
271 days to 289 days – 4.70%
290 days to less than 1 year – 4.70%
1 year to 389 days – 4.95%
390 days to
15 months to
18 months to 2 years – 5.00%
2 years 1 day to 3 years – 5.25%
3 years 1 day to 5 years – 5.25%
5 years 1 day to 10 years – 5.25%
Source: Bank website
The bank also adjusted interest rates on term deposits below ₹2 crore on May 21, 2022. In accordance with the revised version, ICICI Bank now offers deposits maturing in 7 days to 10 years at an interest rate of 2.50% to 5.75% to the general public and 3.00 % to 6.50%. to seniors.