ICICI Bank, which is India’s second-largest private sector bank, has updated its Fixed Deposit (FD) interest rates.
These changes apply to FDs up to Rs 3 crore and are effective from February 5, 2025. Senior citizens can now enjoy a maximum interest rate of 7.80%.
ICICI Bank FD Rates for Various Tenures
The following are the new interest rates for both general customers and senior citizens:
30 to 45 days
General Public: 3.50%
Senior Citizens: 4.00%
46 to 60 days
General Public: 4.25%
Senior Citizens: 4.75%
61 to 90 days
General Public: 4.50%
Senior Citizens: 5.00%
91 to 184 days
General Public: 4.75%
Senior Citizens: 5.25%
185 to 270 days
General Public: 5.75%
Senior Citizens: 6.25%
271 days to less than 1 year
General Public: 6.00%
Senior Citizens: 6.50%
Less than 1 year to 15 months
General Public: 6.70%
Senior Citizens: 7.20%
15 months to less than 18 months
General Public: 7.25%
Senior Citizens: 7.80% (Highest Interest Rate)
18 months to 2 years
General Public: 7.25%
Senior Citizens: 7.75%
2 years 1 day to 5 years
General Public: 7.00%
Senior Citizens: 7.50%
5 years 1 day to 10 years
General Public: 6.90%
Senior Citizens: 7.40%
5-year Tax Saving FD
General Public: 7.00%
Senior Citizens: 7.50%
These revised FD rates are sourced directly from ICICI Bank’s website.
Government’s Update on TDS Rules for House Rent
The government has also made changes to the TDS (Tax Deducted at Source) rules on house rent, which could be beneficial for many.
It’s worth checking out the new regulations to see how they might affect you.
