ICICI Bank FD Rates: There is good news for those who have deposited hard earned money in bank FD. Actually, there is a chance to earn more interest with ICICI Bank. This private sector bank has increased the interest rates of FDs.
new Delhi. After the increase in repo rate by RBI, banks have also started increasing interest rates. Apart from increasing the interest rate on loans, the interest rates on bank deposits have also started increasing. After SBI and HDFC Bank, the country’s second largest private sector bank ICICI Bank (ICICI Bank) has also increased interest rates on fixed deposits ie FDs from 0.25 per cent to 0.50 per cent.
ICICI Bank has increased the interest rates for FDs below Rs 2 crore. The bank has increased the interest on FDs of more than 46 days. Apart from this, 0.50 percent interest has been increased on FDs of more than 1 year. The bank is giving a maximum interest of 7.50 per cent to senior citizens. The new rates of the bank have come into force from 16 December.
ICICI Bank FD Rates
- 7 days to 14 days: For general public – 3.00%; For Senior Citizen – 3.50%
- 15 days to 29 days: For general public – 3.00%; For Senior Citizen – 3.50%
- 30 days to 45 days: For general public – 3.50%; For Senior Citizen – 4.00%
- 46 days to 60 days: For general public – 4.00%; For senior citizens – 4.50 percent
- 61 days to 90 days: For general public – 4.50%; For Senior Citizen – 5.00%
- 91 days to 120 days: For general public – 4.75 per cent; For senior citizens – 5.25 percent
- 121 days to 150 days: For general public – 4.75%; For senior citizens – 5.25 percent
- 151 days to 184 days: For general public – 4.75 per cent; For senior citizens – 5.25 percent
- 185 days to 210 days: For general public – 5.50%; For Senior Citizen – 6.00%
- 211 days to 270 days: For general public – 5.50%; For Senior Citizen – 6.00%
- 271 days to 289 days: For general public – 5.50%; For Senior Citizen – 6.00%
- 290 days to less than 1 year: For general public – 5.75%; For senior citizens – 6.25 percent
- 1 year to 389 days: For general public – 6.60 per cent; For senior citizens – 7.10 percent
- 390 days to less than 15 months: For general public – 6.60%; For senior citizens – 7.10 percent
- 15 months to less than 18 months: For general public – 7.00%; For Senior Citizen – 7.50%
- 18 months to 2 years: For general public – 7.00%; For Senior Citizen – 7.50%
- 2 years 1 day to 3 years: For general public – 7.00%; For Senior Citizen – 7.50%
- 3 years 1 day to 5 years: For general public – 7.00%; For Senior Citizen – 7.50%
- 5 years 1 day to 10 years: For general public – 6.90 per cent; For Senior Citizen – 7.50%
RBI has increased the repo rate 5 times this year
The Reserve Bank has increased the repo 5 times so far this year. With the intention of reducing inflation, the central bank increased the repo rate by another 0.35 percent to 6.25 percent in the bi-monthly monetary policy review on December 7.
Many banks have increased the rates of fixed deposits
It is worth mentioning that recently SBI, Kotak Mahindra Bank, HDFC Bank, Indian Overseas Bank, Suryoday Small Finance Bank, Yes Bank, Jan Small Finance Bank etc. have also increased their FD rates. This process of increasing FD rates has started after the increase in repo rates by RBI.
