One of the leading private sector banks in India, ICICI Bank has hiked its interest rates on fixed deposits of less than ₹2 Cr. As per the bank’s official website, the new rates are effective as of October 29, 2022. Following the revision, the bank has hiked interest rates by up to 50 bps on deposits maturing in 46 days to 10 years. On deposits maturing in 7 days to 10 years, the bank is now offering an interest rate ranging from 3.00% to 6.25% for the general public and 3.50% to 6.95% for senior citizens. Deposits maturing in 3 years 1 day to 5 years will fetch a maximum interest rate of 6.35% to the general public and 6.95% for senior citizens on deposits maturing in 5 years 1 day to 10 years.