FD Rates Hike – ICICI Bank has changed the interest rates of fixed deposits. At the same time, Yes Bank has revised the interest rate on FD as well as savings account. Apart from this, Ujjivan Small Finance Bank has also changed the interest rates on savings accounts.
Mumbai. ICICI and Yes Bank, two private sector banks in the country, have announced revision of interest rates on fixed deposits. At the same time, Ujjivan Small Finance Bank has changed the interest on the savings account. The bank is now offering 7.50 percent interest on the savings account. The new rates have come into effect from November 1. Whereas the new interest rates on FDs by Yes Bank and ICICI Bank are applicable from November 2 and 3.
ICICI Bank has revised its interest rates on fixed deposits from ₹2 crore to ₹5 crore. After the amendment, the bank is now offering interest ranging from 3.75% to 6.25% on deposits maturing in 7 days to 10 years. At the same time, FDs maturing in 1 year to 3 years will now get a maximum interest of 6.50%.
ICICI and Yes Bank hike interest rates on FDs
Apart from this, ICICI will now offer 3.75% interest on FDs maturing in 7 days to 29 days and is offering 4.75% interest rate on fixed deposits maturing in 30 days to 45 days.
At the same time, Yes Bank has revised the interest rates available on savings accounts and FDs on deposits of less than ₹ 2 crore. The new interest rates on savings accounts are effective from November 2, while the revised interest rates on fixed deposits are effective from November 3, 2022. After the revision, Yes Bank is offering a maximum interest of 6.25%, on savings account, while FD will get 6.75% for common man and 7.50% for senior citizens. This rate will be applicable on deposits maturing in 36 months to 120 months.
Now 7.50% interest will be available on savings account
Ujjivan Small Finance Bank has also revised interest rates on savings accounts. This small finance bank is now offering a maximum interest rate of 7.50% on the savings account. The special thing is that this interest rate will be applicable on both domestic and non-resident accounts.
Ujjivan Small Finance Bank customers can opt for different types of savings accounts. These include Classic Savings Account, Garima Savings Account, Regular Savings Account, Senior Citizen Savings Account and Digital Savings Account.
