Starting December 13, 2023, ICICI Bank made changes to its fixed deposit (FD) rates for deposits between Rs 2 crore and Rs 5 crore. The new rates start at a minimum of 4.75 per cent for tenure of seven to 14 days and go up to 7.25 per cent for a period ranging from 390 days to 15 months. Meanwhile, Kotak Mahindra Bank increased its FD interest rates by up to 85 basis points. Customers of Kotak Mahindra can now earn a maximum of 7.80 per cent on FDs for senior citizens with tenures spanning from 23 months to two years.