Before the start of the new financial year, ICICI Bank has once again increased the interest rate. Earlier, the interest rate was also increased by SBI and HDFC Bank.
New Delhi: ICICI Bank FD Interest Rate: Before the start of the new financial year, the private sector ICICI Bank has given good news to its customers. ICICI Bank has also increased the interest rates after HDFC Bank increased the interest rate on fixed deposits last days.
New rates effective from today
The interest rate has been increased by 5-10 basis points by the bank. The new rates have come into effect from 22 March. The benefit of increase in interest rate will be available on deposits of Rs 2 to 5 crore. Interest rates have been increased by the bank on FDs with a tenure of one year to two years. The bank has not changed the rate of the rest of the FD.
These are the new rates on fixed deposits
FDs with tenor of one year to 389 days and 390 days to less than 15 months will earn 4.15 percent interest. Earlier, 4.05 percent interest was available for this tenure. Similarly, interest of 4.20 percent will be available on FDs with tenor from 15 months to less than 18 months. Earlier interest of 4.10 percent was available on this tenure.
4.30 percent interest on less than 2 years
Apart from this, the interest rate on FDs of more than 18 months and less than 2 years from the bank has been increased to 4.30 percent. Earlier it was 4.25 per cent. ICICI Bank has not made any change in the rate of the remaining tenor FDs.
Interest rate on long term deposits
ICICI Bank is offering an interest rate of 4.6% on fixed deposits with tenures of 3 years 1 day to 5 years and 5 years 1 day to 10 years. Meanwhile, the interest rate on FDs from 271 days to less than one year is 3.70 percent.
At the same time, there is an interest rate of 3.6 percent on the tenure of 185 days to 270 days. The interest rate is 3.35 percent on the period from 91 to 184 days. The interest rate on FDs with tenures of 61 days to 90 days is 3 per cent.
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