FD Rate: The country’s second largest private sector bank ICICI has reduced the interest rates of FD. The new rates of ICICI Bank have come into effect from today, June 9, 2025. These revised interest rates are applicable on FDs up to Rs 3 crore. The bank has taken this decision after the Reserve Bank of India (RBI) reduced the repo rate by 0.50% (50 basis points) on June 6. ICICI has become the first major private bank to do so. Apart from this, IDFC First Bank has also changed its FD rates after the RBI cut.
ICICI Bank FD interest rate – on FDs up to Rs 3 crore
7 days to 45 days: For general public – 3.00%; For senior citizens – 3.50%
46 days to 90 days: For general public – 4.00 percent; For senior citizens – 4.50 percent
91 days to 184 days: For general public – 4.50 percent; For senior citizens – 5.00 percent
185 days to 270 days: For general public – 5.50 percent; For senior citizens – 6.00 percent
271 days to less than 1 year: For general public – 5.75 percent; For senior citizens – 6.25 percent
Less than one year to 15 months: 6.25 per cent; For senior citizens: 6.75 per cent
15 months to less than 18 months: For general public – 6.35 per cent; For senior citizens – 6.85 per cent
18 months to 2 years: For general public – 6.50 percent; For senior citizens – 7 percent
2 years 1 day to 5 years: For general public – 6.60 percent; For senior citizens – 7.10 percent
5 years 1 day to 10 years: For general public – 6.60 per cent; For senior citizens – 7.10 per cent.
5 year tax saving FD: 6.6 per cent; For senior citizens – 7.10 per cent.
Things about fixed deposit
- Fixed interest rate: In FD, you get a pre-fixed interest rate. For example, if you invest Rs 1 lakh in FD for 5 years at an interest rate of 7%, then on completion of the period you will get the principal along with the interest. This interest can be simple or compounded.
- Flexible Tenure: The tenure of FD can be from 7 days to 10 years. You can choose the tenure as per your requirement. Short term FDs offer less interest, while long term FDs offer higher interest.
- Security: Your money is completely safe in FD, especially if you invest in a reputed bank or NBF. In India, FDs up to Rs 5 lakh are covered by insurance, which means even if the bank collapses, your money will be safe.
- Liquidity: If you need money in between, you can break the FD before time, but you may have to pay some penalty in this and the interest rate will also be less.
- Tax exemption: If you invest in a 5-year tax-saving FD, you can get a tax exemption of up to Rs 1.5 lakh under section 80C. But remember, the interest earned from FD is taxable.