Let us discuss about historical background of ICICI bank before looking into ICICI bank fixed deposit interest rates. As a World Bank initiative ICICI Limited was formed in 1995. Later on it transformed its business from a financial institution to a development corporation. The merger of ICICI Limited to ICICI bank was a good decision for their universal growth. This enhanced value of ICICI Limited shareholders with low-cost deposits, payment system participation and transaction banking services.
In 1999. ICICI became the first Indian company and first bank to be listed in NYSE. In 2001, ICICI bank acquired Bank of Madura and in October, 2001 ICICI Personal Financial Services Limited and ICICI Capital Services Limited merged with ICICI bank. The Sangli bank limited merged with ICICI Bank in December, 1996 and was approved by RBI in 1997. In August, 2010 the amalgamation of Bank of Rajasthan Ltd. with ICICI Bank Ltd. came into effect. With these achievements, ICICI bank became the largest private sector bank of India.
The bank and their subsidiaries offer a good range of banking and financial services including commercial banking retail banking project and company finance capital finance insurance risk capital and personal equity investment banking broking and treasury products and services. They provide through a spread of delivery channels and through their specialized subsidiaries within the areas of investment banking life and non-life insurance risk capital and asset management.
ICICI Bank Fixed Deposit Interest Rates
| Tenure Period | Rate of Interest (% p.a.) | |
| General | Senior Citizen | |
| 7 days to 14 days | 3.50 | 4.00 |
| 15 days to 29 days | 3.75 | 4.25 |
| 30 days to 45 days | 4.25 | 4.75 |
| 46 days to 60 days | 4.75 | 5.25 |
| 61 days to 90 days | 4.75 | 5.25 |
| 91 days to 120 days | 4.75 | 5.25 |
| 121 days to 184 days | 4.75 | 5.25 |
| 185 days to 289 days | 5.25 | 5.75 |
| 290 days to less than 1 year | 5.50 | 6.00 |
| 1 year to 389 days | 5.80 | 6.30 |
| 390 days to < 18 months | 5.80 | 6.30 |
| 18 months to 2 years | 5.80 | 6.30 |
| 2 years 1 day up to 3 years | 6.00 | 6.50 |
| 3 years 1 day up to 5 years | 6.00 | 6.50 |
| 5 years 1 day up to 10 years | 6.00 | 6.50 |
| 5 Years Tax saver FD(Max up to Rs. 1.50 lac) | 6.00 | 6.50 |
ICICI Bank Recurring Deposit Interest Rates
| Tenure Period | Rate of Interest (% p.a.) | |
| General | Senior Citizen | |
| 6 Months | 4.75 | 5.25 |
| 9 Months | 5.25 | 5.75 |
| 12 Months | 5.80 | 6.30 |
| 15 Months | 5.80 | 6.30 |
| 18 Months | 5.80 | 6.30 |
| 21 Months | 5.80 | 6.30 |
| 24 Months | 5.80 | 6.30 |
| 27 Months | 6.00 | 6.50 |
| 30 Months | 6.00 | 6.50 |
| 33 Months | 6.00 | 6.50 |
| 36 Months | 6.00 | 6.50 |
| Above 3 years up to 5 years | 6.00 | 6.50 |
| Above 5 years up to 10 years | 6.00 | 6.50 |
ICICI Bank Savings Bank Deposit Interest Rates
| Deposit Amount | Rate of Interest (% p.a.) |
| Below Rs. 50 Lakhs | 3.25 |
| Rs. 50 Lakhs and above | 3.75 |
That’s all for ICICI Bank Historical background and interest rates under various schemes. Thanks for visiting us !