Personal Finance

Latest FD rates: ICICI Bank, HDFC Bank revise interest rates on these fixed deposits


Private sector lender, ICICI Bank, has revised the interest rates on fixed deposits of Rs 2 crore to up to Rs 5 crore with effect from December 5, 2023. The lowest rate of 4.75% is offered for a tenure between 7 days and 14 days, and the highest FD rate of 7.25% is offered for a tenure between 390 days and 15 months, according to ICICI Bank’s website.

HDFC Bank has also revised their fixed deposit (FD) rates on amounts above Rs 5 crore, effective December 5, 2023.

ICICI Bank Fixed Deposit ratesICICI Bank is offering an interest rate of 4.75% for FD between Rs 2 crore and Rs 5 crore for a tenure of 7 days to 14 days. For a tenure between 30 and 45 days, ICICI Bank offers an interest rate of 5.5%. For a tenure between 46 and 60 days ICICI Bank is offering 5.75%. For a tenure between 61 to 90 days ICICI Bank is offering 6% interest.

For a tenure between 91 days and 120 days, ICICI Bank is offering 6.5% interest. The bank is offering 6.5% for an FD of tenure between 121 days and 150 days. For a tenure between 271 days and 289 days ICICI Bank is offering an interest rate of 6.75%. For a tenure of 1 year to 389 days, ICICI Bank is offering 7.25%.

One point of distinction between FDs for an amount below Rs 2 crore and more than Rs 2 crore but less than Rs 5 crore is that ICICI Bank does not offer any extra interest rate for senior citizens.

Maturity Period Interest rates (per cent per annum) w.e.f. October 16, 2023 Interest rates (per cent per annum) w.e.f. December 05, 2023
Single deposit of less than ₹2 Crores Single deposit of ₹2 Crores & above but less than ₹5 Crores
General Citizen Interest Rates Senior Citizen Interest Rates General Citizen Interest Rates Senior Citizen Interest Rates
7 days to 14 days 3.00% 3.50% 4.75% 4.75%
15 days to 29 days 3.00% 3.50% 4.75% 4.75%
30 days to 45 days 3.50% 4.00% 5.50% 5.50%
46 days to 60 days 4.25% 4.75% 5.75% 5.75%
61 days to 90 days 4.50% 5.00% 6.00% 6.00%
91 days to 120 days 4.75% 5.25% 6.50% 6.50%
121 days to 150 days 4.75% 5.25% 6.50% 6.50%
151 days to 184 days 4.75% 5.25% 6.50% 6.50%
185 days to 210 days 5.75% 6.25% 6.65% 6.65%
211 days to 270 days 5.75% 6.25% 6.65% 6.65%
271 days to 289 days 6.00% 6.50% 6.75% 6.75%
290 days to less than 1 year 6.00% 6.50% 6.75% 6.75%
1 year to 389 days 6.70% 7.20% 7.25% 7.25%
390 days to 6.70% 7.20% 7.25% 7.25%
15 months to 7.10% 7.65% 7.05% 7.05%
18 months to 2 years 7.10% 7.65% 7.05% 7.05%
2 years 1 day to 3 years 7.00% 7.50% 7.00% 7.00%
3 years 1 day to 5 years 7.00% 7.50% 7.00% 7.00%
5 years 1 day to 10 years 6.90% #7.50% 7.00% 7.00%
5 Years (80C FD) – Max to `1.50 lac 7.00% 7.50% NA NA

Source: ICICI Bank website

HDFC Bank Fixed Deposit rates

Here is a look at HDFC Bank’s domestic/NRE/NRO term deposit interest rates for amounts greater than or equal to Rs 5 crore, effective December 5, 2023, as per the bank’s official website.

​HDFC Bank Interest rate for fixed deposits

HDFC Bank Interest rate for fixed deposits

Source: HDFC Bank Website



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