New Delhi, Oct. 24 -- ICICI Bank and Indian Bank have revised fixed deposit (FD) interest rates on select tenures, with effect from 23 October 2026. These are changes that apply to deposits below Rs.3 crore.

The changes have been introduced by banks to align with evolving developments and central bank policies. Subsequently, ICICI Bank has increased rates by 10 basis points (bps) on select longer-term deposits, whereas Indian Bank has raised rates on its special 555-day and 777-day FDs by 15 bps. This write-up is dedicated towards discussing the complete changes and their long-term implications.

To ensure meaningful investments and long-term wealth creation, it is wise for aspiring investors in fixed deposits to carefully understand the...