ICICI Bank increases FD rates for deposits over Rs 2 crore; know details
One of the country’s leading private sector bank ICICI Bank has changed the fixed deposit rates. The bank has revised its interest rates on fixed deposits from Rs 2 crore to Rs 5 crore. According to the official website of the bank, the new rates are effective from today, October 28, 2022. After the amendment, the bank is now offering interest at the rate of 3.75% to 6.25% on fixed deposits with maturities ranging from 7 days to 10 years.
ICICI Bank is currently offering the highest interest rate of 6.50% on Fixed Deposits with maturities of one to three years. That is, now the customers of this bank will get more interest on FD.
According to ICICI Bank, the bank will offer 3.75% interest rate on fixed deposits maturing in 7 to 29 days and 4.75% interest rate on deposits maturing in 30 to 45 days. Deposits maturing in 46 days to 60 days and 61 days to 90 days will get interest rates of 5.00% and 5.25%.
Deposits maturing between 91 and 184 days will now attract an interest rate of 5.50%, while deposits maturing between 185 and 270 days will now attract an interest rate of 5.75%. On fixed deposits maturing in 271 days to less than 1 year, the bank will now pay an interest rate of 6.00%.
Interest will be available up to 6.50%
Whereas on deposits maturing in 1 year to 3 years, the bank is now offering an interest rate of 6.50%. Fixed deposits maturing in 3 years 1 day to 10 years will now get interest at the rate of 6.25%. Senior citizens will get interest at the rate of 3.50% to 6.75%.
