Lenders have begun to lower the repo rate in response to the central bank’s move, with ICICI Bank being the most recent to follow suit for savings and fixed deposit accounts.
With effect from April 17, ICICI Bank has announced a 25 basis point drop in interest rates for savings accounts and a 50 basis point drop for fixed deposits. All customers, regardless of deposit duration, are intended to be affected by the decision.
With effect from April 17, ICICI Bank has announced a 25 basis point drop in interest rates for savings accounts and a 50 basis point drop for fixed deposits. All customers, regardless of deposit duration, are intended to be affected by the decision.
ICICI Bank interest rates
The current range of the bank’s FD interest rates for different tenures is 3.5% to 7.05 percent for regular clients and 3.5% to 7.55 percent for senior people.
The highest rate, 7.05%, is seen for general customers with FD tenures ranging from 18 months to 2 years; for elderly individuals, the rate is 7.55%.
The list of tenures, interest rates, and general parameters that the bank posted on its website is as follows.
| Tenure | With Premature Withdrawal | |
| General Citizen | Senior Citizen | |
| 7 to 29 Days | 3.00% | 3.50% |
| 30 to 45 Days | 3.00% | 3.50% |
| 46 to 60 Days | 4.25% | 4.75% |
| 61 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 | 6.00% | 6.50% |
| 1 Year to < 15 Months | 6.70% | 7.20% |
| 15 Months to < 18 Months | 6.80% | 7.30% |
| 18 Months to 2 Years | 7.05% | 7.55% |
| 2 Years 1 Day to 5 Years | 6.90% | 7.40% |
| 5 Years 1 Day to 10 Years | 6.80% | 7.30% |
| 5Y (Tax Saver FD) | 6.90% | 7.40% |
Fixed deposit guidelines by ICICI Bank
- FD interest rates are subject to change without notice.
- The revised interest rates will apply to new as well as renewed FDs.
- FD interest payouts will be subject to Tax Deducted at Source (TDS).
- If you change your account from Non-Resident to Resident, the Resident Deposit interest rates will be applicable.
- NRE rates are only for tenure of 1 year or more.
- Senior citizens interest rates only apply for domestic fixed deposits
ICICI Bank savings account interest rate 2025
For end-of-day balances under Rs 50 lakh, it currently offers 2.75 percent interest annually; for balances over Rs 50 lakh, it offers 3.25 percent.
This is the savings account interest rate table that the bank has posted on their website.
This is the savings account interest rate table that the bank has posted on their website.
| On Balances (in ₹) | Rate of Interest (% p.a.) |
| For end of day balance below ₹ 50 Lakhs | 2.75% |
| For end of day balance ₹ 50 Lakhs and above | 3.25% |
