A private sector lender, ICICI Bank, raised its interest rates on fixed deposits worth more over $2 million to $5 million. On August 26, 2022, the new rates will take effect, according to the bank’s official website. Starting today, the bank will provide fixed deposit interest rates ranging from 3.50 per cent to 5.90per cent for maturities of 7 days to 10 years.
FD Rates at ICICI Bank
The bank will now give an interest rate of 3.50per cent on fixed deposits maturing in 7 days to 29 days, while ICICI Bank will also offer an interest rate of 3.60per cent on term deposits maturing in 30 days to 45 days. Fixed deposits with maturities between 46 and 60 days now offer an interest rate of 4.00per cent, while term deposits with maturities between 61 and 90 days now offer a rate of 4.75per cent. On fixed deposits maturing between 91 and 184 days, ICICI Bank will now pay an interest rate of 5.25per cent, and on deposits maturing between 185 and 270 days, 5.40per cent.
ICICI Bank will now offer an interest rate of 5.60 percent on fixed deposits maturing in 271 days or less than a year, and an interest rate of 6.0 per cent on term deposits maturing in a year to five years. The interest rate for fixed deposits maturing in 5 years, 1 day to 10 years is now 5.90per cent.
You can now invest in ICICI Bank’s fixed deposits through the digital and branch channels for a fixed period, according to your convenience, the bank says on its website. Through an ICICI Bank FD, you may increase your savings with high FD interest rates.

You may always rely on ICICI Bank’s Fixed Deposits for assured and guaranteed profits despite the current uncertainty and highly turbulent market. An ICICI Bank FD is among the safest FDs and is rated “AAA,” easily outperforming any competition, the bank claims on its website.