ICICI Bank and Indian Bank have revised interest rates on selected fixed deposits (FDs), effective October 23, 2026. The changes apply to deposits below ₹3 crore and include higher returns on certain long-term deposits and special-tenure schemes.
ICICI Bank has increased rates by 0.10 percentage point on selected longer-term FDs, while Indian Bank has raised rates by 0.15 percentage point on its special 555-day and 777-day deposit schemes. Rates for several other tenures remain unchanged.
The revised rates differ for general depositors and senior citizens. Here is a detailed look at the latest rates provided for both banks.
ICICI Bank FD Interest Rates for General Citizens
ICICI Bank’s revised FD rates for general citizens range from 2.75% to 6.60% per annum across the listed tenures. The bank has retained existing rates on shorter-term deposits and several other periods, while increasing rates on selected longer-term FDs.
| FD tenure | Earlier rate | Revised rate | Change |
|---|---|---|---|
| 7–45 days | 2.75% | 2.75% | No change |
| 46–90 days | 4.00% | 4.00% | No change |
| 91–184 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 |
The highest revised rate in the listed categories for general citizens is 6.60% per annum, available on selected long-term deposits and the five-year Tax Saver FD.
ICICI Bank FD Rates for Senior Citizens
Senior citizens can earn higher interest than general depositors on the listed ICICI Bank FD categories. The revised rates range from 3.25% to 7.20% per annum.
| FD tenure | Earlier rate | Revised rate | Change |
|---|---|---|---|
| 7–45 days | 3.25% | 3.25% | No change |
| 46–90 days | 4.50% | 4.50% | No change |
| 91–184 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 |
Under the rates listed above, senior citizens can earn up to 7.20% per annum on selected deposits, including the three-to-five-year tenure category and the five-year Tax Saver FD.
Indian Bank FD Rates: Special 555-Day and 777-Day Schemes
Indian Bank has increased interest rates on two special fixed deposit schemes: Ind Grow, with a tenure of 555 days, and Ind Prosper, with a tenure of 777 days. Both rates have risen by 0.15 percentage point. Rates for the other listed deposit tenures remain unchanged.
| Deposit tenure or scheme | Earlier rate | Revised rate | Change |
|---|---|---|---|
| 7–14 days | 2.80% | 2.80% | No change |
| 15–29 days | 2.80% | 2.80% | No change |
| 30–45 days | 3.00% | 3.00% | No change |
| 46–90 days | 3.25% | 3.25% | No change |
| 91–120 days | 3.50% | 3.50% | No change |
| 121–180 days | 3.85% | 3.85% | No change |
| 181 days to less than 9 months | 4.50% | 4.50% | No change |
| 9 months to less than 1 year | 4.75% | 4.75% | No change |
| IND Supreme 2.0 (300 days) | 6.20% | 6.20% | No change |
| 1 year | 6.10% | 6.10% | No change |
| Above 1 year to less than 2 years | 6.20% | 6.20% | No change |
| Ind Green (500 days) | 6.40% | 6.40% | No change |
| Ind Grow (555 days) | 6.65% | 6.80% | +0.15 percentage point |
| 2 years to less than 3 years | 6.15% | 6.15% | No change |
| Ind Prosper (777 days) | 6.60% | 6.75% | +0.15 percentage point |
| 3 years to less than 5 years | 6.05% | 6.05% | No change |
| 5 years | 6.00% | 6.00% | No change |
| Above 5 years | 6.00% | 6.00% | No change |
Senior citizens receive an additional 0.50 percentage point on Indian Bank’s 555-day and 777-day special FDs, according to the provided information. Their revised interest rates are 7.30% for Ind Grow and 7.25% for Ind Prosper.
How to Choose the Right Fixed Deposit
Before opening an FD, investors should compare the interest rate with the deposit tenure and their financial needs. The highest advertised rate may not be the most suitable option if the money could be needed before maturity.
Key factors to consider include premature withdrawal conditions, applicable taxes, the expected return and the investment’s role in meeting short- and long-term financial goals. Investors may also consider consulting a qualified financial adviser before committing their savings.
Disclaimer: This article is for general informational purposes only and does not constitute financial or investment advice. Interest rates and deposit conditions may change, and the actual return may depend on the bank’s terms, deposit tenure, customer category and applicable tax rules. Please verify the latest rates directly with ICICI Bank and Indian Bank before investing.