ICICI Bank cuts FD and savings rates. Check what’s new

If you have a savings account with ICICI Bank, you’ll now earn slightly less. For balances below Rs 50 lakh, the new interest rate is 2.75% per annum, down from 3%.

In Short

• ICICI Bank slashes interest rates on both fixed deposits and savings accounts
• The updated interest rates would come into effect from April 17, 2025
• The rate changes follows RBI’s policy changes

ICICI Bank has joined the growing list of banks cutting deposit interest rates. After SBI and HDFC Bank, ICICI has now trimmed the rates on both fixed deposits (FDs) and savings accounts. The revised rates, effective from April 17, 2025, reflect a broader move towards lower interest returns amid the RBI’s changing stance.