Latest bank FD rates: ICICI, and RBL revise fixed deposit interest rates. Details here

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₹2 crore. As per both banks' websites, these rates are effective from 16 October. After the latest hike, ICICI Bank is offering an interest rate ranging from 3% to 7.1% on FDs maturing in seven days to ten years to general customers, and 3.5% to 7.65% to senior citizens.

For a term of 15 months to two years, ICICI Bank gives a maximum return of 7.10% to the general public and 7.65% to senior citizens. The bank has also extended the duration of senior citizens' special term deposit programme Golden Years FD. The RBL Bank has revised the interest rates on fixed deposits under ₹2 crore.

After the latest hike, ICICI Bank is offering an interest rate ranging from 3.5% to 7.80% on FDs maturing in seven days to ten years to general customers, and 4.00% to 8.3% to senior citizens. RBL Bank is offering a maximum return of 7.80 per cent to the general public, and 8.30% to senior citizens on tenures of 453 days to less than 24 months. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here Bank of Baroda has hiked interest rates on fixed deposit (FD) rates by up to 50 basis points (bps) across various tenors.

Unity Small Finance Bank Limited (Unity Bank) has hiked its interest rates offered on fixed deposits on selected tenors. Private lenders Yes Bank, and HDFC Bank have slashed the fixed deposit interest rate on selected tenure for deposits below ₹2 crore. IndusInd Bank, and Punjab & Sindh Bank have also revised FD interest rates on their term deposits in October 2023.