Private lender ICICI Bank has increased the interest rate on fixed deposits, which is lower than fixed deposits. ₹2 Cr. The new fixed deposit interest rate is valid till August 19, 2022, the bank’s official website said. Following today’s amendment, the bank has increased interest rates on fixed deposits from one to ten years. The bank now offers bank interest rates ranging from 2.75% to 5.90% for general public and 3.25% to 6.60% for senior citizens with tenors ranging from 7 days to 10 years. ICICI Bank now offers the highest interest rate of 6.10% for non-senior citizens and 6.60% for senior citizens for 3 years. It will pay for fixed deposits from 1 day to 5 years.