ICICI Bank FD Rates Updated See Your Returns Now

India’s fixed deposit market has once again become interesting for investors, especially those who prefer safe and predictable returns. ICICI Bank’s fixed deposit FD interest rates have recently been updated, giving both regular and senior citizen investors attractive returns on their money parked in FDs. According to the latest rate tables, general investors can earn up to 6.50 percent per annum, while senior citizens aged 60 years and above may get up to 7.10 percent per annum on their deposits depending on the tenure selected.

These interest rates apply across various tenures ranging from very short term deposits of 7 days to long term options extending up to 10 years. This flexibility allows customers to plan according to their financial goals. For example, if you deposit ₹1 lakh for one year at around 6.25 percent, you could earn approximately ₹6,250 as interest. If you choose a longer tenure like five years at close to 6.50 percent, your overall returns increase gradually over time.

For senior citizens, the additional interest benefit of around 0.50 percent compared to regular investors can make a meaningful difference. This is especially helpful for retirees who depend on interest income for monthly expenses. Investing a larger amount in fixed deposits at the current rates may provide them more stability and peace of mind.

However, investors should also remember that FD interest is taxable. The earned interest is added to your total income and taxed according to your income slab. Banks may deduct TDS if the interest exceeds the prescribed limit, unless the required exemption forms are submitted. It is always better to check tax implications before finalising the deposit.

One of the biggest advantages of fixed deposits remains their predictability. Unlike stocks or mutual funds, FD returns do not fluctuate with market movements. This makes them a preferred option for conservative investors who want assured returns without taking high risks.

Overall, ICICI Bank FDs offering up to 6.50 percent for general customers and 7.10 percent for senior citizens may be worth considering for those seeking stable and secure investment options.