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
Source: HDFC Bank Website
