ICICI FD Rates: After SBI, HDFC Bank, now there is news to please the customers of ICICI Bank. The bank has changed the interest rates on FD.
ICICI Bank FD Rates: After the country’s largest bank SBI, now the big private sector bank ICICI Bank has also given the gift of Holi to the customers. The bank has changed the rates of fixed deposits. The new rates have become effective from March 10, 2022.
ICICI Bank made a big change
Under this, ICICI Bank has changed the interest rates on bulk fixed deposits (FDs) above Rs 2 crore in different tenures. The maximum FD rate is 4.6% for deposits of more than Rs 2 crore and less than Rs 5 crore for tenures between 3 years and 10 years. Let us tell you that the benefit of this change will be more for those customers who have got FD in ICICI Bank for 3 years or more.
Apart from this, customers will get 4.50% interest on FDs of more than 2 years but less than 3 years. At the same time, FD of 15 months or more but less than 18 months will get 4.2% interest. Customers will get 4.3% interest on FDs of 18 months or more but less than 2 years.
The interest rate on FD made for a period of 1 year to 15 months will be 4.15 percent. The interest rates on FDs of less than 1 year range from 2.5 percent to 3.7 percent. The above rates are same in both general and senior citizen categories. The new rates have become effective from March 10, 2022.
No change in these rates
According to the report of Live Mint, ICICI Bank has also changed the interest rates on FDs above Rs 5 crore, but there has been no change in the rates of deposits less than Rs 2 crore. Let us tell you that these rates will be applicable to domestic customers, NRO and NRE. Along with this, you know that especially ICICI Bank changed its rates when its rival SBI has increased its interest rates by 20-40 basis points on bulk fixed deposits above Rs 2 crore. .
SBI hikes interest rates
After this change, the FD interest rate of more than Rs 2 crore, whose tenure ranges from 211 days to less than one year, has increased by 20 basis points. Interest of 3.30 percent will be available on such FD from March 10, 2022. Let us tell you that earlier its rate used to be 3.10%. For such FD, senior citizens used to get 3.60 percent interest on this FD earlier, which has increased to 3.80 percent.
