ICICI Bank FD Interest Rates: FD rates have also been cut for senior citizens. If we talk about high FD returns after the new change, then the highest FD interest rate for senior citizens is 7.35% for a period of 18 months to 2 years
ICICI Bank FD Interest Rates: People who want safe and fixed returns invest money in FD. However, such investors are going to get a shock. ICICI Bank, one of the big banks in the country, has cut its fixed deposit interest rates. The interest rate has been cut by up to 20 basis points for certain periods on deposits less than ₹ 3 crore. The bank is now offering FD interest rates between 3% to 7.05% for common citizens, while for senior citizens, it is offering interest rates between 3.5% to 7.55%. The new rates of the bank have come into effect from May 26, 2025.
For which periods did the rates decrease?
- ICICI Bank has reduced the interest rates on FDs made for different periods. Which is as follows-
- Less than 1 year to 15 months: Interest rate has been reduced by 20 basis points from 6.7% to 6.5%.
- Less than 15 months to 18 months: Now the rate will be 6.6%, down from 6.8%.
- 18 months to 2 years: For this period, the bank will now pay 6.85% interest, down from 7.05%.
- 2 years 1 day to 5 years: For this period, the interest rate has been reduced by 15 basis points. Which has now been reduced from 6.90% to 6.75%.
- 5 years 1 day to 10 years: Now you will get 6.7% interest instead of 6.8%.
- Tax-saver FD: Its interest rate has also been reduced from 6.9% to 6.75%.
- Similarly, FD rates have been reduced for senior citizens as well. By the way, if we talk about high FD returns, the highest FD interest rate for senior citizens is 7.35% for a period of 18 months to 2 years.
ICICI Bank also changed RD rates
After the new change, ICICI Bank is offering recurring deposit (RD) interest rates between 4.75% to 6.85% for general people and 5.25% to 7.35% for senior citizens.
FD interest rates of some other banks
- HDFC Bank: Offers interest rates of 3.00% to 7.05% for general citizens and 3.50% to 7.55% for senior citizens. Senior citizens can get up to 7.55% on tenures of 15 to 18 months.
- State Bank of India (SBI): Offers interest rates ranging from 3.30% to 7.50% for general citizens and 3.80% to 7.75% for senior citizens. SBI’s Amrit Vrishti (444 days) scheme offers 7.35% interest to senior citizens.
- Punjab National Bank (PNB): Offers interest rates ranging from 3.50% to 7.25% for general citizens and 4.00% to 7.75% for senior citizens. Senior citizens can get 7.50% interest on tenures of 390 days.
- Canara Bank: Offers interest rates ranging from 4.00% to 7.25% for general citizens and 4.00% to 7.75% for senior citizens. Senior citizens can get up to 7.75% interest on a period of 444 days.
Let us tell you that these rates may vary depending on the bank and the period chosen.
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