new Delhi . After the country’s largest state-run bank SBI, now the big private sector bank ICICI Bank has also provided good news to the customers on the occasion of Holi. The rates of fixed deposits in the bank have been changed. The new rates have become effective from March 10, 2022.
ICICI Bank made a big change
According to the information received from the bank, the interest rates on bulk fixed deposits (FDs) above Rs 2 crore have been changed in different tenures. The maximum FD rate is 4.6% for deposits of more than Rs 2 crore and less than Rs 5 crore for tenures between 3 years and 10 years. Let us tell you that the maximum benefit of this change can be availed by those customers who have got FD in ICICI Bank for 3 years or more.
Apart from this, customers will get 4.50% interest on FDs of more than 2 years but less than 3 years. At the same time, FD of 15 months or more but less than 18 months will get 4.2% interest. Customers will get 4.3% interest on FDs of 18 months or more but less than 2 years.
The interest rate on FDs made for a period of 1 year to 15 months will be 4.15 percent. The interest rates on FDs of less than 1 year range from 2.5 percent to 3.7 percent. The above rates are same in both general and senior citizen categories. The new rates have become effective from March 10, 2022.
No change in these rates
According to the Live Mint report, ICICI Bank has also changed the interest rates on FDs above Rs 5 crore, but there has been no change in the rates for deposits below Rs 2 crore. Let us tell you that these rates will be applicable to domestic customers, NRO and NRE. Along with this, you should know that especially ICICI Bank changed its rates when its rival SBI Bank increased its interest rates by 20-40 basis points on bulk fixed deposits above Rs 2 crore.
