ICICI Bank raises 5-year FCNR(B) deposit rate to 6.25% from Wed
This story was originally published at 14:20 IST on 1 August 2026
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--ICICI Bank raises 5 year FCNR(B) deposit rates to 6.25%
--ICICI Bank raises 5 year FCNR(B) deposit rates by 25 bps
MUMBAI – ICICI Bank Ltd. raised its interest rate on foreign currency non-resident dollar-denominated bank deposits for five-year tenor by 25 basis points effective Wednesday. The revision comes after the Reserve Bank of India announced a concessional dollar-rupee swap facility for fresh FCNR(B) deposits in June. The bank's revised interest rates on FCNR(B) deposits for five years now stands at 6.25%, as per the bank's website.
Friday, shares of ICICI Bank closed at INR 1,435.40 apiece on the National Stock Exchange, up slightly from Thursday. The private-sector lender posted a net profit of INR 148.05 billion for the June quarter, up 16% on year and 8% on quarter. Its total income for the reporting quarter was up 5.4% on year at INR 542.47 billion.
ICICI Bank's FCNR(B) deposit rates for various tenures are as follows:
| Tenor | Revised rates (%) on deposits | Previous rate (%) | |
| less than $5 million | $5 million and above | ||
| One year to less than two years | 3.85 | 3.85 | 3.85 |
| More than two years and less than three years | 3.85 | 3.85 | 3.85 |
| More than three years and less than four years | 6.00 | 6.00 | 6.00 |
| More than four years and less than five years | 6.00 | 6.00 | 6.00 |
| Five years | 6.00 | 6.25 | 6.00 |
End
US$1 = INR 95.38
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Janwee Prajapati
Edited by Rajeev Pai
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