ICICI Bank New Fixed Deposit Interest Rate: Private sector bank ICICI Bank has increased the interest on Fixed Deposit (FD).
ICICI Bank New Fixed Deposit Interest Rate: Private sector bank ICICI Bank has increased the interest on Fixed Deposit (FD). ICICI has increased the interest on FD by 0.50 percent. These new rates have come into effect from 29 October 2022. The bank has implemented these new rates on deposits of less than Rs 2 crore. The bank has increased its FD rates on deposits between Rs 2 crore to Rs 5 crore from 31 October i.e. today.
Rates hiked after RBI hikes repo rate
The move comes in the wake of RBI’s hike in key interest rates over the past few months to control inflation. ICICI Bank is offering FD customers with maturities of 46 days to 10 years. Now the bank has increased the interest on FD by 50 basis points i.e. 0.50 percent. The bank is giving 3 percent to 6.25 percent interest on FDs with deposits of 7 days-10 years. At the same time, for senior citizens, it is offering interest ranging from 3.50 percent to 6.95 percent. ICICI Bank is offering an interest rate of 3.75-6.50 per cent to depositors on FDs ranging from Rs 2 crore to Rs 5 crore.
Now these are the new rates on ICICI Bank’s FD of less than Rs 2 crore
- 7 days to 14 days: for general public – 3.00 percent; For Senior Citizen – 3.50 percent
- 15 days to 29 days: for general public – 3.00 percent; For Senior Citizen – 3.50 percent
- 30 days to 45 days: for general public – 3.50 percent; For Senior Citizen – 4.00 percent
- 46 days to 60 days: for general public – 3.75 percent; For Senior Citizen – 4.25 percent
- 61 days to 90 days: for general public – 4.00 percent; For Senior Citizen – 4.50 percent
- 91 days to 120 days: for general public – 4.50 percent; For Senior Citizen – 5.00 percent
- 121 days to 150 days: for general public – 4.50 percent; For Senior Citizen – 5.00 percent
- 151 days to 184 days: For general public – 4.50 percent; For Senior Citizen – 5.00 percent
- 185 days to 210 days: for general public – 5.25 percent; For Senior Citizen – 5.75 percent
- 211 days to 270 days: for general public – 5.25 percent; For Senior Citizen – 5.75 percent
- 271 days to 289 days: for general public – 5.25 percent; For Senior Citizen – 5.75 percent
- 290 days to less than 1 year: for general public – 5.50 percent; For Senior Citizen – 6.00 percent
- 1 year to 389 days: for general public – 6.10 percent; For Senior Citizen – 6.60 percent
- 390 days to less than 15 months: for general public – 6.10 percent; For Senior Citizen – 6.60 percent
- 15 months to less than 18 months: for general public – 6.10 percent; For Senior Citizen – 6.60 percent
- 18 months to 2 years: for general public – 6.15 percent; For Senior Citizen – 6.65 percent
- 2 years 1 day to 3 years: for general public – 6.20 percent; For Senior Citizen – 6.70 percent
- 3 years 1 day to 5 years: for general public – 6.35 percent; For Senior Citizen – 6.85 percent
- 5 years 1 day to 10 years: for general public – 6.25 percent; For Senior Citizen – 6.95 percent.
