ICICI Bank cuts FD interest rate by up to 20 bps: Senior citizens can earn 7.35% on these tenures The reduction is up to 20 bps for specific tenures on deposits below Rs 3 crore. The revised rates are effective from May 26, 2025
ICICI Bank has slashed its fixed deposit (FD) account interest rates by up to 20 basis points (bps) on select tenures for amounts less than Rs 3 crore. The rates are applicable from May 26, 2025.After the revision, the bank offers FD interest rate between 3% and 7.05% for general citizens, and for senior citizens, the bank now offers interest rates between 3.5% to 7.55%.
Earlier, the bank offered FD interest rate between 3% and 7.05% for general citizens, and for senior citizens, the bank offered interest rates between 3.5% to 7.55%.
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For which tenures has ICICI Bank reduced FD interest rates?
ICICI Bank has reduced its fixed deposit (FD) interest rates across various tenures. For deposits of 1 year to less than 15 months, the rate has been cut by 20 basis points (bps) to 6.5% from 6.7%. Tenures of 15 months to less than 18 months now offer 6.6%, down from 6.8%. FDs maturing in 18 months to 2 years will earn 6.85%, a reduction from the earlier 7.05%. For the 2 years 1 day to 5 years tenure, the rate has been brought down by 15 bps to 6.75% from 6.90%. Deposits of 5 years 1 day to 10 years will now fetch 6.7%, compared to the earlier 6.8%. The interest rate on tax-saving FDs has also been revised to 6.75% from 6.9%.Live Events
| Tenure | With Premature Withdrawal facility | |
| General Citizen | Senior Citizen | |
| 7 to 45 Days | 3% | 3.50% |
| 46 to 90 Days | 4.25% | 4.75% |
| 91 to 184 Days | 4.75% | 5.25% |
| 185 to 270 Days | 5.75% | 6.25% |
| 271 Days to < 1 Year | 6% | 6.50% |
| 1 Year to < 15 Months | 6.50% | 7% |
| 15 Months to < 18 Months | 6.60% | 7.10% |
| 18 Months to 2 Years | 6.85% | 7.35% |
| HIGHEST | HIGHEST | |
| 2 Years 1 Day to 5 Years | 6.75% | 7.25% |
| 5 Years 1 Day to 10 Years | 6.70% | 7.20% |
| 5Y (Tax Saver FD) | 6.75% | 7.25% |
Senior citizens FD interest rate
For senior citizens, the bank offers FD interest rate between 3.5% and 7.35% for amounts below Rs 3 crore after revision. The highest FD interest rate of 7.35% on tenure 18 months to 2 years.Canara bank revises FD, savings interest rate: Check latest rates
ICICI Bank RD interest rates
For general citizens, ICICI bank offers recurring deposit (RD) interest rate between 4.75% and 6.85% for general citizens and for senior citizens the bank offers between 5.25% and 7.35% on various tenures.| Maturity Period | Rate of Interest (% p.a.) w.e.f 21 May, 2025 | |
| General | Senior Citizen | |
| 6 months | 4.75% | 5.25% |
| 9 months | 6.00% | 6.50% |
| 12 months | 6.50% | 7.00% |
| 15 months | 6.60% | 7.10% |
| 18 months | 6.85% | 7.35% |
| 21 months | 6.85% | 7.35% |
| 24 months | 6.85% | 7.35% |
| 27 months | 6.75% | 7.25% |
| 30 months | 6.75% | 7.25% |
| 33 months | 6.75% | 7.25% |
| 36 months | 6.75% | 7.25% |
| Above 3 years upto 5 years | 6.75% | 7.25% |
| Above 5 years upto 10 years | 6.70% | 7.20% |
This story originally appeared on: India Times - Author:Faqs of Insurances
