Private sector ICICI Bank has changed the interest rates on FDs from Rs 2 crore to Rs 5 crore (ICICI Bank Fixed Deposit Rate). The bank has decided to pay higher interest on FDs ranging from 7 days to 5 years.
Since the increase in the repo rate by the Reserve Bank of India (RBI), many government and private banks have increased the interest rates on fixed deposits (FD Interest Rate Hike). The process of increasing FD interest is not over yet.
Even now some banks are increasing the interest rates. ICICI Bank Fixed Deposit Rate will also give higher interest to its customers on fixed deposits. The bank has implemented the increased interest rates from June 7.
ICICI Bank has changed the interest rates on FDs from Rs 2 crore to Rs 5 crore. The bank has now decided to pay more interest on FDs with tenures ranging from 7 days to 5 years. A large number of customers will benefit from this decision of the bank, because ICICI is a major bank in the country.
Here are the new interest rates
moneycontrol.comAccording to the report, ICICI Bank will now pay 3.00 percent interest on FDs of 7 days to 14 days to common customers and senior citizens. At the same time, the general public and senior citizens will also get interest at the rate of 3.00 percent per annum on FDs maturing in 15 days to 29 days. Apart from this, the bank will now pay 3.25 percent interest to all customers on fixed deposits of 30 days to 45 days and 46 to 60 days.
ICICI Bank will now pay interest at the rate of 3.40 per cent per annum to both common people and senior citizens on FDs maturing in 61 to 90 days. On FDs maturing in 91 to 120 days, the bank will now pay interest at the rate of 4.25 percent to all customers.
Similarly, on FDs of 121 days to 150 days, the bank will give 4.25 percent interest to both the general public and senior citizens. 4.25 percent interest will be available only on FDs maturing in 151 to 184 days.
4.70 percent interest will be available on FDs with a tenure of 271 days to 1 year
The bank will give 4.50 percent interest to common citizens and senior citizens on fixed deposits in 185 to 210 days and from 211 to 270 days. ICICI Bank will now pay interest of 4.70 per cent per annum to common customers and senior citizens on FDs of 271 to 289 and 290 to 1 year tenors.
Interest will also be available at the rate of 4.95 percent on FDs made for 1 year to 389 days. On FDs maturing from 390 days to less than 15 months, the common customer and senior citizen will get interest at the rate of 4.95 percent.
5.00 percent interest will be given to the general public and senior citizens for the period from 15 months to less than 18 months. All customers will also get interest at the rate of 5% per annum on FDs with a tenor of 18 months to two years. The general public and senior citizens will get 5.25 percent interest on FDs with tenures of two years 1 day to 3 years and 3 years one day to 5 years.
