Synopsis
ICICI Bank and Indian Bank have raised fixed deposit interest rates for select tenures effective October 23, 2026. Indian Bank also adjusted its rates, increasing FD rates on their special 555-day and 777-day FDs.
ET OnlineICICI Bank and Indian Bank have increased fixed deposit (FD) interest rates on select tenures for deposits below Rs 3 crore.
While ICICI Bank has increased FD interest rates by 10 basis points (bps) on select tenures, Indian Bank has increased the rate by 15 bps each on its 555-day and 777-day special FDs.
To general citizens, ICICI Bank now offers FD interest rates from 2.75% to 6.6% on tenures ranging from 7 days to 10 years. To senior citizens, the bank is now offering the highest interest rate at 7.20%.
Earlier, ICICI Bank offered the highest FD interest rate of 6.50% to general citizens and 7.10% to senior citizens.
Latest ICICI Bank FD interest rates
ICICI Bank has increased the interest rate on fixed deposits from 6.45% to 6.55% on a tenure of 2 years and 1 day to 3 years.
The bank has also increased its interest rate from 6.50% to 6.60% on a tenure of 3 years and 1 day to 5 years.
On the 5-year Tax Saver FD, ICICI Bank has increased the rate from 6.50% to 6.60%. The bank has also increased the FD rate on a tenure of 5 years and 1 day to 10 years from 6.50% to 6.60%.
| FD tenure | Till Oct 22 | From Oct 23 | Change |
| 7 to 45 days | 2.75% | 2.75% | No change |
| 46 to 90 days | 4.00% | 4.00% | No change |
| 91 to 184 days | 4.50% | 4.50% | No change |
| 185 days to less than 1 year | 5.50% | 5.50% | No change |
| 1 year to less than 18 months | 6.25% | 6.25% | No change |
| 18 months to 2 years | 6.30% | 6.30% | No change |
| 2 years 1 day to 3 years | 6.45% | 6.55% | +0.10 percentage point |
| 3 years 1 day to 5 years | 6.50% | 6.60% | +0.10 percentage point |
| 5 years 1 day to 10 years | 6.50% | 6.60% | +0.10 percentage point |
| 5-year Tax Saver FD | 6.50% | 6.60% | +0.10 percentage point |
ICICI Bank senior citizen FD interest rates
ICICI Bank has increased the interest rate by 10 bps each on senior citizen FDs of 2 years and 1 day to 10 years.
Senior citizens will get the highest rate of 7.20% on tenures of 3 years and 1 day to 5 years and 5-year tax-saver FD.
The next best rate at 7.1% is available on a tenure of 5 years and 1 day to 10 years.
| FD tenure | Till Oct 22 | From Oct 23 | Change |
| 7 to 45 days | 3.25% | 3.25% | No change |
| 46 to 90 days | 4.50% | 4.50% | No change |
| 91 to 184 days | 5.00% | 5.00% | No change |
| 185 days to less than 1 year | 6.00% | 6.00% | No change |
| 1 year to less than 18 months | 6.75% | 6.75% | No change |
| 18 months to 2 years | 6.80% | 6.80% | No change |
| 2 years 1 day to 3 years | 6.95% | 7.05% | +0.10 percentage point |
| 3 years 1 day to 5 years | 7.10% | 7.20% | +0.10 percentage point |
| 5 years 1 day to 10 years | 7.00% | 7.10% | +0.10 percentage point |
| 5-year Tax Saver FD | 7.10% | 7.20% | +0.10 percentage point |
Indian Bank FD interest rates
Indian Bank has increased the interest rate on its Ind Grow (555 days) FD from 6.65% to 6.80% and on its Ind Prosper (777 days) FD from 6.60% to 6.75%, effective October 23, 2026, for deposits below Rs 3 crore. Senior citizens will get a 50 bps extra rate on both these FDs.
| Interest Rates on Domestic Retail Term Deposits | ||
| Period / Tenor of Deposit | Less than Rs.3 crore | |
| Existing Rate | Revised Rate | |
| (w.e.f 23.10.2026) | ||
| (% per annum ) | (% per annum ) | |
| 7 days to 14 days | 2.8 | 2.8 |
| 15 days to 29 days | 2.8 | 2.8 |
| 30 days to 45 days | 3 | 3 |
| 46 days to 90 days | 3.25 | 3.25 |
| 91 days to 120 days | 3.5 | 3.5 |
| 121 days to 180 days | 3.85 | 3.85 |
| 181 days to less than 9 months | 4.5 | 4.5 |
| 9 months to less than 1 year | 4.75 | 4.75 |
| IND Supreme 2.0(300 days) | 6.2 | 6.2 |
| 1 year | 6.1 | 6.1 |
| Above 1 year to less than 2 years | 6.2 | 6.2 |
| Ind Green (500 Days) | 6.4 | 6.4 |
| Ind Grow (555 Days) | 6.65 | 6.8 |
| 2 years to less than 3 years | 6.15 | 6.15 |
| Ind Prosper(777 Days) | 6.6 | 6.75 |
| 3 years to less than 5 years | 6.05 | 6.05 |
| 5 year | 6 | 6 |
| Above 5 years | 6 | 6 |
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