# ICICI Bank hikes FD rates by 10 basis points on select tenures 2026-10-30T23:21:16+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet ICICI Bank has raised interest rates on select fixed deposits below Rs 3 crore by 10 basis points on longer tenures. Senior citizens can now earn up to 7.20% and general depositors up to 6.60%, depending on tenure. For deposits of two years and one day to three years, the rate has gone from 6.45% to 6.55% for general depositors and from 6.95% to 7.05% for senior citizens. For three years and one day to five years, general depositors will get 6.60% and senior citizens 7.20%. The five-year Tax Saver FD rate has also risen to 6.60% for general depositors and 7.20% for senior citizens. Shorter tenures remain unchanged. The bank advises customers to compare rates, check premature withdrawal penalties and visit its official website for the latest terms. ## Indian Opinion Analysis The rate increase signals the bank's view of a prolonged elevated interest rate cycle, shifting deposits that were at the margin to the longer bucket. General and senior citizen depositors gain the same 10-basis-point bump on tenures above two years, making the senior citizen ceiling of 7.20% the headline. The real effect is on depositors within the Rs 3-crore bracket, who face the narrowest real returns. The bank's cut-off, precisely Rs 3 crore, suggests it is targeting retail rather than bulk depositors. What remains open is whether other large private lenders match this revision or hold their rates steady. ## Coverage - cnbctv18.com Straight rate-table reporting with no editorial framing or government link This brief was synthesised by AI from the source linked above. Tags: fixed deposit, ICICI Bank, senior citizen interest rates Canonical: https://indianopinion.org/icici-bank-hikes-fd-rates-by-10-basis-points-on-select-tenures/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/icici-bank-hikes-fd-rates-by-10-basis-points-on-select-tenures/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/