According to the information given on the official website of ICICI Bank, interest rates on FDs of Rs 2 crore and above but less than Rs 5 crore have been increased by 5 to 10 basis points. The new rates have come into effect from April 21, 2022. Even today, FD is considered a better option when it comes to investment. It gives guaranteed returns.
New Delhi. The process of increasing the interest rates on fixed deposits (FD) by banks continues continuously. Private sector ICICI Bank has once again increased the fixed deposit interest rates. A week ago, the bank had increased the interest rates of FD.
According to the information given on the official website of ICICI Bank, interest rates on FDs of Rs 2 crore and above but less than Rs 5 crore have been increased by 5 to 10 basis points. The new rates have come into effect from April 21, 2022. Even today, FD is considered a better option when it comes to investment. It gives guaranteed returns.
An increase of 5-10 basis points
According to the new rates, the bank is now offering interest at the rate of 4.30 percent on FDs of less than 1 year to 15 months. Earlier, the interest rate for this period was 4.25 percent. That is, it has increased by 5 basis points. Similarly, the interest rate of FDs maturing in 15 months to 18 months has been increased by 10 basis points. For this period, now instead of 4.30 percent, interest is being given at the rate of 4.40 percent.
The interest rates on FDs of 18 months to 2 years have been increased from 4.40 percent to 4.50 percent. Whereas 4.60 percent interest is being offered on FDs ranging from 2 years 1 day to 3 years. The interest rate of FDs of 3 years 1 day to 5 years and 5 years 1 day to 10 years is 4.70 percent.
