ICICI Bank Increases FD Interest Rates In today’s financial landscape, where multiple investment options are available, Fixed Deposits (FDs) remain one of the safest and most reliable choices. If you are looking for a secure investment with guaranteed returns, there’s good news for you. ICICI Bank has recently revised its FD interest rates, offering better returns than before. This article will provide you with all the details about ICICI Bank’s latest FD interest rates, different tenures, special benefits for senior citizens, and other key aspects of fixed deposits.
ICICI Bank Increases FD Interest Rates are effective from February 13, 2025. The bank is now offering up to 7.25% per annum for regular customers and up to 7.85% per annum for senior citizens. This increase presents a great opportunity for investors, especially those who seek a secure investment with attractive returns.
ICICI Bank’s Latest FD Interest Rates
Here’s a detailed breakdown of the revised FD interest rates for different tenures:
- 7 to 29 days: 3.00% for regular customers | 3.50% for senior citizens
- 30 to 45 days: 3.50% for regular customers | 4.00% for senior citizens
- 46 to 60 days: 4.25% for regular customers | 4.75% for senior citizens
- 61 to 90 days: 4.50% for regular customers | 5.00% for senior citizens
- 91 to 184 days: 4.75% for regular customers | 5.25% for senior citizens
- 185 to 270 days: 5.75% for regular customers | 6.25% for senior citizens
- 271 days to less than 1 year: 6.00% for regular customers | 6.50% for senior citizens
- 1 year to 15 months: 6.70% for regular customers | 7.20% for senior citizens
- 15 months to 18 months: 7.25% for regular customers | 7.80% for senior citizens
- 18 months to 2 years: 7.25% for regular customers | 7.75% for senior citizens
- 2 years 1 day to 5 years: 7.00% for regular customers | 7.50% for senior citizens
- 5 years 1 day to 10 years: 6.90% for regular customers | 7.40% for senior citizens
ICICI Bank Increases FD Interest Rates Special Benefits for Senior Citizens
ICICI Bank offers additional interest rates for senior citizens. Particularly, for the 15-month to 18-month tenure, senior citizens can earn up to 7.80% per annum, which makes it an excellent investment option for retirees looking for a secure source of income.
ICICI Bank Increases FD Interest Rates Key Benefits of ICICI Bank FD
- Safe & Secure Investment: Fixed Deposits are one of the safest investment options with guaranteed returns.
- Higher Interest Rates: Compared to regular savings accounts, FDs offer better interest rates.
- Flexible Tenure Options: Investors can choose from a range of tenures starting from 7 days up to 10 years.
- Tax-Saving Option: A 5-year tax-saving FD allows you to claim tax benefits under Section 80C of the Income Tax Act.
- Multiple Payout Choices: Interest payments can be received on a monthly, quarterly, or maturity basis, depending on your preference.
ICICI Bank Increases FD Interest Rates How to Open an FD in ICICI Bank?
Opening an FD with ICICI Bank is simple and can be done through multiple channels:
1. Online Process
- Log in to ICICI Bank’s official website or mobile banking app.
- Navigate to the ‘Accounts & Deposits’ section and select ‘Fixed Deposit.’
- Choose the deposit amount and tenure as per your preference.
- Fill in the required details and confirm the FD opening request.
2. Visiting a Bank Branch
- Visit the nearest ICICI Bank branch.
- Fill out the FD application form and submit the necessary documents.
- Select your preferred tenure and deposit the amount.
ICICI Bank’s new FD rates make it a great opportunity for investors looking for secure and high-return investment options. If you are planning to invest in Fixed Deposits, now is the right time to take advantage of these revised rates.