The country’s leading private sector bank ICICI Bank has increased the interest on Fixed Deposit. ICICI Bank Bank is the second largest private sector bank in the country. The new rates of fixed deposit of the bank have been implemented from June 7.
ICICI Bank FD Interest Rate Hike : The country’s leading private sector bank ICICI Bank has increased the interest on Fixed Deposit. ICICI Bank Bank is the second largest private sector bank in the country. The new rates of fixed deposit of the bank have been implemented from June 7. ICICI Bank ICICI Bank has increased the FD rates when there are reports that the Reserve Bank may once again increase the repo rate. So that, the rising inflation in the country can be controlled.
These are the rules
The new rates on ICICI Bank FD will be applicable on deposits above Rs 2 crore and up to Rs 5 crore. The bank said on its website that ICICI Bank has increased FD interest rates for domestic, NRO and NRI deposits. Senior citizens rates are applicable on domestic FDs only.
These are the interest rates on ICICI Bank’s FD from June 7 from Rs 2 crore to Rs 5 crore
- 7 days to 14 days: for general public – 3.00 percent; For Senior Citizen – 3.00 percent
- 15 days to 29 days: for general public – 3.00 percent; For Senior Citizen – 3.00 percent
- 30 days to 45 days: for general public – 3.25 percent; For Senior Citizen – 3.25 percent
- 46 days to 60 days: for general public – 3.25 percent; For Senior Citizen – 3.25 percent
- 61 days to 90 days: for general public – 3.40 percent; For Senior Citizen – 3.40 percent
- 91 days to 120 days: for general public – 4.25 percent; For Senior Citizen – 4.25 percent
- 121 days to 150 days: for general public – 4.25 percent; For Senior Citizen – 4.25 percent
- 151 days to 184 days: for general public – 4.25 percent; For Senior Citizen – 4.25 percent
- 185 days to 210 days: for general public – 4.50 percent; For Senior Citizen – 4.50 percent
- 211 days to 270 days: for general public – 4.50 percent; For Senior Citizen – 4.50 percent
- 271 days to 289 days: for general public – 4.70 percent; For Senior Citizen – 4.70 percent
- 290 days to less than 1 year: for general public – 4.70 percent; For Senior Citizen – 4.70 percent
- 1 year to 389 days: for general public – 4.95 percent; For Senior Citizen – 4.95 percent
- 390 days to less than 15 months: for general public – 4.95 percent; For Senior Citizen – 4.95 percent
- 15 months to less than 18 months: for general public – 5.00 percent; For Senior Citizen – 5.00 percent
- 18 months to 2 years: for general public – 5.00 percent; For Senior Citizen – 5.00 percent
- 2 years 1 day to 3 years: for general public – 5.25 percent; For Senior Citizen – 5.25 percent
- 3 years 1 day to 5 years: for general public – 5.25 percent; For Senior Citizen – 5.25 percent
- 5 years 1 day to 10 years: for general public – 5.25 percent; For Senior Citizen – 5.25 percent
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