ICICI Bank Pays 6.85% Interest To Senior Citizens On 1-Year FD. Compare Other Rates Here

ICICI Bank pays interest rates to the tune of 4-7.10 per cent to customers on fixed deposits up to Rs 2 crore. These fixed deposits, also known as retail term deposits, are available in a total 16 maturity options ranging from seven days to 10 years at the private sector lender. ICICI Bank pays higher returns to senior citizen retail depositors compared to other customers. For example, on a fixed deposit up to Rs 2 crore of one year, ICICI Bank pays interest at the rate of 6.85 per cent to senior citizen customers and 6.35 per cent to other customers, according to its website - icicibank.com. (Also Read: Compare Bank FD Rates Paid By Peers Here)

ICICI Bank pays interest rates to the tune of 4-7.10 per cent to customers on fixed deposits up to Rs 2 crore. These fixed deposits, also known as retail term deposits, are available in a total 16 maturity options ranging from seven days to 10 years at the private sector lender. ICICI Bank pays higher returns to senior citizen retail depositors compared to other customers. For example, on a fixed deposit up to Rs 2 crore of one year, ICICI Bank pays interest at the rate of 6.85 per cent to senior citizen customers and 6.35 per cent to other customers, according to its website - icicibank.com. (Also Read: Compare Bank FD Rates Paid By Peers Here)

ICICI Bank pays the following interest on retail fixed deposits:

ICICI Bank Fixed Deposit Rates

(ICICI FD Rates 2019: On fixed deposits of two years, ICICI Bank pays a 7.10 per cent return to senior citizens and 6.60 per cent to other customers, according to its website)

Investment in fixed deposits with a maturity period of five years offers income tax benefit up to Rs 1.5 lakh per financial year under Section 80C of the Income Tax Act. Interest income, however, is subject to income tax.