Two private sector banks, ICICI and Axis, have changed their FD interest rates. While ICICI has changed FD rates below Rs 2 crore, Axis has changed interest rates above Rs 2 crore.
New Delhi. Before the meeting of the Monetary Policy Committee of RBI, many banks have changed the interest rates of FD and Savings Account. Now 2 more private banks have joined this list. ICICI and Axis Bank have increased the interest rates on FDs. ICICI Bank has increased the interest on FD of one tenure.
ICICI Bank has increased interest on FDs with deposits below Rs 2 crore while Axis Bank has changed interest rates on FDs above Rs 2 crore. The new interest rates of both the banks have come into effect from 26 September 2022 i.e. today. ICICI Bank is giving a maximum interest of 6.10 percent. At the same time, Axis Bank is giving a maximum interest of 6.90 percent on FDs above Rs 2 crore.
ICICI bank interest rates
ICICI Bank is giving 2.75 percent interest on FDs of 7-29 days and 3.25 percent on FDs of 30-90 days. Ah the bank will give 4 percent interest on the FD of 91-120 days. The interest has been changed for the same tenure. After this, the bank will pay the same interest for the FD of 121-184 days. The bank is giving an interest of 4.65 percent for the period ranging from 185 days to less than 1 year. For the period from 1 year to 2 years, the bank is giving 5.50 percent interest. Interest is getting 5.60 percent on FDs of 2 years 1 day to 3 years, 6.10 percent on FDs of 3 years one day to 5 years and 5.90 percent on FDs of 5 years one day to 10 years. Explain that an additional 0.50 percent interest is being given to senior citizens for every tenure.
Axis Bank interest rates
This private bank has changed the interest rates on FDs above Rs 2 crore. The bank is giving an interest of 3.75 percent to 6.90 percent on FDs ranging from Rs 2 crore to Rs 5 crore. At the same time, interest of 4.65 percent to 6.90 percent is being given on FD from Rs 50 crore to Rs 100 crore. The bank is giving the highest interest on FDs maturing in 1-10. The bank is giving 3.75 percent interest on 30-45 days FD of 2-5 crores, 4 percent on FDs of 46-60 days and 4.75 percent on FDs from 61 days to less than 3 months. After this, customers are getting 5.65 percent interest on FDs ranging from 3 months to less than 6 months. Interest is getting 5.90 percent on FDs ranging from 6 months to less than 9 months and 6.20 percent on FDs of 9 months to less than 1 year.
