Published: 11:30 AM IST – ICICI Bank has revised the interest rates on its retail Fixed Deposits (FDs) for deposits below ₹3 crore, effective November 21, 2025. The update applies to deposits with the premature-withdrawal facility.
The most notable change is the 7.2% p.a. rate for senior citizens on the 2-year 1-day to 5-year tenure, now the highest in this slab for the bank. Furthermore, for the general and regular citizens, the same tenure continues at 6.6% per annum.
ICICI also tweets it on X, with excitement about new rates before other major banks.
The revision comes at a time when deposit rates across the industry have remained broadly stable, making ICICI’s mid-term offering slightly more attractive for savers looking for steady returns.
Revised FD Rates of ICICI Bank (Less than ₹3 Cr | With Premature Withdrawal Facility)
| Tenure | General Citizen | Senior Citizen |
|---|---|---|
| 7 to 45 Days | 2.75% | 3.25% |
| 46 to 90 Days | 4.00% | 4.50% |
| 91 to 184 Days | 4.50% | 5.00% |
| 185 to < 1 Year | 5.50% | 6.00% |
| 1 Year to < 18 Months | 6.25% | 6.75% |
| 18 Months to 2 Years | 6.40% | 6.90% |
| 2 Years 1 Day to 5 Years | 6.60% (Highest) | 7.20% (Highest) |
| 5 Years 1 Day to 10 Years | 6.60% (Highest) | 7.10% (Highest) |
| 5-Year Tax Saver FD | 6.60% | 7.20% |
Source: ICICI
Quick FD Benefit Comparison (Senior Citizens)
| Tenure: 2Y 1D – 5Y | Old Rate (7.10%) | New Rate (7.20%) |
|---|---|---|
| Interest on ₹1,00,000 | ₹22,766 | ₹23,193 |
| Total Maturity | ₹1,22,766 | ₹1,23,193 |
Simple gain: You now earn ₹427 more on every ₹1,00,000 FD.
Where ICICI Stands in the Current FD Market
Instead of repeating numbers, here’s a quick snapshot of how India’s major banks stack up on their best FD rates for three-year tenures and highest available slabs. This helps readers understand the broader context without clutter.
Top FD Rates Across Major Banks
1. HDFC Bank
- 3-year FD: 6.45% (general), 6.95% (senior)
- Highest rate: Tenor between 18–21 months
2. Kotak Mahindra Bank
- 3-year FD: 6.4% (general), 6.9% (senior)
- Highest rate: 6.7% and 7.2% (391 days to less than 2 years)
3. Federal Bank
- 3-year FD: 6.7% (general), 7.2% (senior)
- Highest rate: Same slab
4. SBI (State Bank of India)
- 3-year FD: 6.3% (general), 6.8% (senior)
- Highest rate: You will get 6.45% and 6.95% (2–3 years)
5. Canara Bank
- 3-year FD: 6.25% (general), 6.75% (senior)
- Highest rate: 6.5% OR 7% (444-day special deposit)
6. Union Bank of India
- 3-year FD: 6.6% (general), 7.1% (senior)
- Highest rate: Slightly above the three-year slab on select buckets
Banks Are Now Competing for More Deposits
As per BW Businessworld, Indian Banks Set For around 12-14% Loan Growth In FY26, Indian Banks expect more people to take loans next year, but money flowing into deposits has not grown as fast. So lenders such as PSU Banks, NBFCs, and Private banks are quietly improving FD rates to attract steady savings. ICICI Bank’s updated 2–5-year rate shows how banks are trying to pull in more long-term depositors before loan demand picks up.
