ICICI Bank, one of the country’s largest private sector banks, has changed the rates of Fixed Deposit. That is, now bank customers will get more interest on FD.
New Delhi. The RBI on Friday announced an increase in the repo rate by 50 basis points. After this the repo rate increased from 5.40 percent to 5.90 percent. After this increase, most of the banks have announced to increase the interest rates of FD. ICICI Bank has also increased interest rates on fixed deposits (FDs). Now the customers of this bank will get more interest on FD. Apart from this, the bank has also launched the ‘Golden Years FD’ scheme on 30 September.
The bank has increased the interest rates on FDs less than Rs 2 crore. Now you will get interest ranging from 3.00% to 6.10% on making FD in ICICI Bank. According to the official website of ICICI Bank, the new interest rates have come into effect from 30 September 2022.
Know how much interest is getting on FD now
7 to 29 days – 3.00
30 to 90 days – 3.50
91 to 184 days – 4.25
185 days to 1 year – 4.90
1 year to 2 years – 5.70
2 years to 3 years – 5.80
3 years to 5 years – 6.10
5 years to 10 years – 6.00
ICICI Bank introduced special FD
The bank has launched ‘Golden Years FD’ on 30 September and customers will be able to invest in it till 6 October. You will get additional interest in the new FD so it is a limited period FD. The maturity tenure of this FD is from 5 years 1 day to 10 years. In this, senior citizens will get an additional 0.10 percent interest. This interest will be on top of the additional interest of 0.50 percent already being given to them.
Explain that ICICI Bank gives 6.60 percent interest to senior citizens on FDs of 5 to 10 years less than Rs 2 crore. This means that senior citizens will get an interest of 6.70 percent in the new FD.
