ICICI Bank raises 3-5 year FCNR(B) deposit rates by up to 310 bps to 6%
This story was originally published at 13:22 IST on 11 June 2026
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--ICICI Bank raises 3-5 year FCNR(B) deposit rates by up to 310 bps to 6.00%
MUMBAI – ICICI Bank Ltd. raised its interest rates on foreign currency non-resident dollar-denominated bank deposits for tenures ranging from three to five years by up to 310 basis points to 6.00%, effective Thursday, according to an update on the bank's website. The Reserve Bank of India's dollar-rupee swap facility for fresh deposits is applicable on a minimum tenure of three years and maximum tenure of five years.
The bank has also raised interest rates on FCNR(B) deposits by 50 bps to 3.85% for two to three-year tenures. It has left the interest rate on these deposits for one- to two-year tenures unchanged at 3.85%.
For the March quarter, ICICI Bank reported net profit of INR 137.02 billion on total income of INR 505.84 billion. At 1223 IST, shares of the lender were at INR 1,342.60 on the National Stock Exchange, up over 2%.
ICICI Bank's FCNR(B) deposit rates for various tenures are as follows:
| Tenure | Revised rate (%) | Previous Rate (%) |
| One- up to two year | 3.85 | 3.85 |
| Two- up to three year | 3.85 | 3.35 |
| Three- up to four year | 6.00 | 3.00 |
| Four- up to five year | 6.00 | 2.90 |
| Five year | 6.00 | 2.90 |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Shumaila Firoz
Edited by Akul Nishant Akhoury
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