ICICI Bank has reduced interest rates on its fixed deposits (FDs) by 10 basis points (bps) for deposits below ₹3 crore. The revised rates came into effect on March 11, 2026.
The updated rates apply to deposits with a premature withdrawal facility across tenures ranging from 7 days to 10 years.
After the revision, the bank now offers 2.75% to 6.50% interest for general customers, while senior citizens can earn between 3.25% and 7.10%, depending on the deposit tenure.
New ICICI Bank FD Interest Rates
Following the latest revision, the interest rates have slightly decreased from the earlier range of 2.75%–6.60% for general customers and 3.25%–7.20% for senior citizens.
The highest FD interest rate for general customers is now 6.50%, available on deposits with tenures of 3 years 1 day to 5 years and 5 years 1 day to 10 years.
For senior citizens, the maximum rate stands at 7.10%, which is offered on 3 years 1 day to 5 years deposits and the 5-year tax saver fixed deposit.
Interest Rates for Short-Term Fixed Deposits
For short-duration deposits, the rates remain relatively lower.
7 to 45 days: 2.75% for general customers, 3.25% for senior citizens
46 to 90 days: 4% for general customers, 4.5% for senior citizens
91 to 184 days: 4.5% for general customers, 5% for senior citizens
185 days to less than 1 year: 5.5% for general customers, 6% for senior citizens
These short-term deposits are usually chosen by investors who want flexibility and quick access to funds.
Rates for Medium-Term Deposits
For deposits with slightly longer tenures, the interest rates are higher.
1 year to less than 18 months: 6.25% for general customers, 6.75% for senior citizens
18 months to 2 years: 6.30% for general customers, 6.80% for senior citizens
2 years 1 day to 3 years: 6.45% for general customers, 6.95% for senior citizens
These tenures often attract investors who want a balance between returns and liquidity.
Highest FD Rates for Long-Term Deposits
The bank offers its highest rates on longer tenures.
3 years 1 day to 5 years: 6.50% for general customers, 7.10% for senior citizens
5 years 1 day to 10 years: 6.50% for general customers, 7% for senior citizens
5-year Tax Saver FD: 6.50% for general customers, 7.10% for senior citizens
With this revision, investors planning to open a fixed deposit may want to review the updated rates and choose the tenure that best matches their financial goals.
