Bank FD interest rates :-
ICICI, the second largest private sector bank in the country, has lowered its fixed deposit (FD) interest rates. The updated rates are effective as of today, June 9, 2025. These new interest rates apply to FDs of up to Rs 3 crore. This change comes after the Reserve Bank of India (RBI) decreased the repo rate by 0.50% (50 basis points) on June 6. Notably, ICICI is the first major private bank to implement this adjustment. Additionally, IDFC First Bank has also revised its FD rates following the RBI's rate cut.
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| Bank FD Interest rates, Now get up to 7.10% interest |
ICICI Bank FD interest rates – applicable on FDs up to Rs 3 crore
7 days to 45 days: General public – 3.00%; Senior citizens – 3.50%
46 days to 90 days: General public – 4.00%; Senior citizens – 4.50%
91 days to 184 days: General public – 4.50%; Senior citizens – 5.00%
185 days to 270 days: General public – 5.50%; Senior citizens – 6.00%
271 days to less than 1 year: General public – 5.75%; Senior citizens – 6.25%
Less than one year to 15 months: 6.25%; Senior citizens – 6.75%
15 months to less than 18 months: General public – 6.35%; Senior citizens – 6.85%
18 months to 2 years: General public – 6.50%; Senior citizens – 7.00%
2 years 1 day to 5 years: General public – 6.60%; Senior citizens – 7.10%
5 years 1 day to 10 years: General public – 6.60%; Senior citizens – 7.10%.
5 year tax saving FD: 6.60%; Senior citizens – 7.10%.
What is fixed deposit with example :-
1.Fixed interest rate: When you put your money in a Fixed Deposit (FD), you get a set interest rate. For instance, if you invest Rs 1 lakh in an FD for 5 years at a 7% interest rate, at the end of that time, you will receive your original amount plus the interest. This interest can either be simple or compounded.
2.Flexible Tenure: The duration of an FD can range from 7 days to 10 years. You can pick the time frame that suits you best. Short-term FDs usually give lower interest, while long-term FDs provide higher interest.
3.Security: Your money is very safe in an FD, especially if you choose a well-known bank or Non-Banking Financial Company (NBFC). In India, FDs up to Rs 5 lakh are insured, which means that even if the bank fails, your money is protected.
4.Liquidity: If you need cash before the FD matures, you can withdraw it early, but you might have to pay a penalty, and the interest rate will be lower.
5.Tax exemption: If you invest in a 5-year tax-saving FD, you can receive a tax deduction of up to Rs 1.5 lakh under section 80C. However, keep in mind that the interest you earn from the FD is subject to tax.
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