New Delhi. Even today, when it comes to investing, most people recommend FD i.e. Fixed Deposit. FD is considered to be a better option in terms of investment, which gives guaranteed returns.
In this, more returns are available than the Savings Account. At the same time, ICICI Bank of the private sector has recently changed the interest rates of fixed deposits. This change will be applicable on plans ranging from 7 days to 10 years. The new rates of the bank have come into effect from November 16.
After the change, ICICI Bank will pay 2.50 percent interest on fixed deposits maturing in 7 to 14 days. Interest will be given at the rate of 2.50 percent on FDs of 15 to 29 days and 3 percent interest will be given on fixed deposits maturing in 30 days to 90 days. ICICI Bank will offer 3.5 percent interest on fixed deposits of 91 to 184 days. Fixed deposits maturing in 185 to 289 days will get interest at the rate of 4.4 percent.
ICICI Bank FD Rates (Below Rs 2 Crore)
- 7 to 14 days – 2.50%
- 15 to 29 days – 2.50%
- 30 to 45 days – 3%
- 46 to 60 days – 3%
- 61 to 90 days – 3%
- 91 to 120 days – 3.5%
- 121 days to 184 days – 3.5%
- 185 days to 210 days – 4.4%
- 211 days to 270 days – 4.4%
- 271 days to 289 days – 4.4%
- 290 days < 1 year – 4.4%
- 1 year to 389 days – 4.9%
- 390 days to 18 months – 4.9%
- 18 months 1 day to 2 years – 5%
- 2 years 1 day to 3 years – 5.15%
- 3 years 1 day to 5 years – 5.35%
- 5 years 1 day to 10 years – 5.50%
0.5 percent more interest for senior citizens
Senior citizens get 0.50 percent more interest on fixed deposits than regular customers. After the latest changes, senior citizens will get 3% to 6.3% interest on FDs maturing in 7 days to 10 years. There is also a special FD scheme for senior citizens named ICICI Bank Golden Years FD. Under this scheme, an additional interest rate of 0.30% per cent is given to senior citizens on FDs maturing in 5 years and 10 years.
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