FD Rates Hike of ICICI Bank: There is good news for those who keep their hard earned money in bank FDs. Actually, there is a chance to earn more interest with ICICI Bank. This private sector bank has increased the interest rates of FD.
New Delhi. ICICI Bank has increased the interest rates on fixed deposits from Rs 2 lakh to Rs 5 crore. The customers of the bank will now get interest ranging from 3.50 percent to 5.90 percent on FDs of 7 days to 10 years. The increased interest rates have come into effect from today i.e. August 26, 2022.
FDs maturing in 7 days to 29 days will now get 3.50 percent interest. Similarly, 3.60 percent interest on FDs maturing in 30 to 45 days, 4 percent on fixed deposits maturing in 46 to 60 days and 4.75 percent interest on FDs maturing in 61 to 90 days will now be given by the bank. Similarly, now the bank will pay 5.25 percent annual interest on fixed deposits maturing in 91 to 184 days.
These FDs will also get more interest
Apart from this, 5.40 percent interest will be given on FDs maturing in 185 to 270 days. Similarly, 5.60 percent on FDs maturing in 271 days to less than one year, 6.05 percent on FDs maturing in one year to 5 years and 5.90 percent on fixed deposits maturing in 5 years from 1 day to 10 years. Now customers will get interest.
Interest was also increased on August 19
It is worth noting that on August 19, ICICI Bank had increased the FD interest rates. ICICI Bank then increased the interest on FDs above Rs 2 crore and up to Rs 5 crore. According to the bank website, the bank has increased FD interest rates for domestic, NRO and NRI deposits. The bank is now paying 6.10 percent interest to the general customer and 6.60 percent to the senior citizens on the fixed deposits that are to be completed in 3 years 1 day to 5 years.
After August 19, the bank is paying 6.05 percent interest to the common customer and 6.05 percent to senior citizens on FDs maturing in 18 months to 2 years. On FDs maturing in 2 years 1 day to 3 years, the common customer is getting 6.05 percent and senior citizens are getting 6.05 percent interest. On FDs maturing in 3 years 1 day to 5 years, the bank is giving 6.05 percent interest to the common customer and 6.05 percent to the senior citizen. On FDs maturing in 5 years 1 day to 10 years, the common customer is getting 5.90 percent and senior citizens 5.90 percent interest.
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