ICICI Bank has revised its fixed deposits interest rate by 5 basis points on tenures above 1 year to 10 years. The rates were raised for single deposits of Rs 2 crore but less than Rs 5 crore. ICICI Bank hikes FD interest rates, check details.
The new rates have come into effect from March 30, 2022. Now, ICICI Bank offers a 4.20% rate on tenure from 1 year to 389 days and 390 days to less than 15 months. Earlier, the FD rate here was 4.15%.
Further, the bank offers a 4.25% rate on 15 months to less than 18 months tenure compared to the previous 4.20%, while 4.35% is offered on 18 months to 2 years from the earlier 4.30%. Meanwhile, now, depositors can earn a 4.55% rate on 2 years 1 day to 3 years tenure.
Also, a 4.65% rate is given on tenures from over 3 years to 10 years from the previous 4.6%. The interest rates on FDs for the remaining tenure are kept unchanged. ICICI Bank continues to offer 3.70% each is offered on tenures between 271 days to less than 1 year.
Moreover, 3.6% is given on tenures between 185 days to 270 days, while 3.35% is applicable on 91 days to 184 days periods. 3% interest rate is offered on 61 days to 90 days tenure. Additionally, in the short tenure bucket, ICICI Bank gives a 2.75% rate between 30 days to 60 days, and a 2.5% rate which is the lowest is offered between 7 days to 29 days tenure.
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These rates are applicable to both general and senior citizens. These revised interest rates will be applicable for new deposits and renewal of existing term deposits.
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