ICICI Bank hikes rates of interest on fastened deposits: Check new charges right here

ICICI Bank has hiked rates of interest on fastened deposits from ₹2 Cr to ₹5 Cr. As per the financial institution’s official web site, the brand new charges are in power from July 11, 2022. Following the adjustment, the financial institution elevated rates of interest on a variety of tenors and at present offers an rate of interest on deposits maturing in 7 days to 10 years from 3.10 per cent to five.75 per cent.

ICICI Bank FD Rates

The financial institution will proceed to present a 3.10 per cent rate of interest on deposits maturing in 7 to 29 days, and it has maintained its 3.25 per cent rate of interest on deposits maturing in 30 to 45 days. The financial institution will proceed to present rates of interest of three.50 per cent and 4.00 per cent on fastened deposits maturing in 46 days to 60 days and 61 days to 90 days, respectively, whereas ICICI Bank will proceed to supply an rate of interest of 4.75 per cent on time period deposits maturing in 91 days to 184 days. Deposits maturing in 185 days to 270 days will now supply an rate of interest of 5.25% which was earlier 5.10% and for deposits maturing in 271 days to lower than 1 12 months, the financial institution will now supply an rate of interest of 5.35% which was earlier 5.25%. On deposits maturing in a single 12 months to lower than 18 months, ICICI Bank will now give an rate of interest of 5.60 per cent, up from 5.40 per cent. On deposits maturing in 18 months to 10 years, the financial institution will now supply an rate of interest of 5.75 per cent, up from 5.70 per cent. “These revised Fixed Deposit rates of interest shall be relevant for brand spanking new ICICI Bank Fixed Deposits and renewal of current Term Deposits,” ICICI Bank has talked about on its web site.

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ICICI Bank FD Rates (icicibank.com)

The most up-to-date rate of interest adjustment for fastened deposits under ₹2 crore was made by ICICI Bank on June 22, 2022. The financial institution is now giving an rate of interest on these deposits that ranges from 2.75 per cent to five.75 per cent for non-senior residents and three.25 per cent to six.50 per cent for older adults. Meanwhile, senior residents ought to be conscious that they will spend money on 4 non-public sector banks to obtain returns on their deposits that may outpace the present CPI inflation charge of seven.01 per cent. Recently, Punjab & Sind Bank, Indian Overseas Bank, and the Central Bank of India all elevated rates of interest on fastened deposits.

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