ICICI Bank revises FD charges: Now stand up to six.50% on a tenor of 1 to three years

The main non-public sector lender ICICI Bank has revised its rates of interest on fastened deposits of ₹2 Cr to ₹5 Cr. According to the financial institution’s official web site, the brand new charges are in impact as of at this time, October 28, 2022. Following the modification, the financial institution is now offering fastened deposits with maturities starting from 7 days to 10 years with rates of interest starting from 3.75% to six.25%. The highest rate of interest that ICICI Bank will at the moment pay on deposits with a maturity of 1 to a few years is 6.50%.

ICICI Bank FD Rates

The financial institution will give a 3.75% rate of interest on fastened deposits maturing within the subsequent 7 to 29 days, and a 4.75% rate of interest on deposits maturing within the subsequent 30 to 45 days, in accordance with ICICI Bank. On deposits that mature in 46 days to 60 days and in 61 days to 90 days, respectively, ICICI Bank can pay rates of interest of 5.00% and 5.25%.

Deposits with maturities between 91 and 184 days will now earn curiosity at a charge of 5.50%, whereas deposits with maturities between 185 and 270 days will now earn curiosity at a charge of 5.75%. On fastened deposits maturing in 271 days to lower than 1 12 months, the financial institution will now pay an rate of interest of 6.00% and on these maturing in 1 12 months to three years, the financial institution is now promising an rate of interest of 6.50%. Fixed deposits maturing in 3 years 1 day to 10 years will now pay an rate of interest of 6.25%.

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ICICI Bank FD Rates (icicibank.com)

On fastened deposits of lower than ₹2 Cr, ICICI Bank final hiked rates of interest on October 18, 2022. On deposits maturing in 7 days to 10 years, the financial institution is now promising an rate of interest starting from 3.00% to six.10% to most people and three.50% to six.75% for senior residents. Senior residents must be conscious that the financial institution’s particular fastened deposit programme, the ICICI Bank Golden Years FD, will expire quickly.

From October 31, 2022, ICICI Bank will not present older of us with its Golden Years FD. On ICICI Bank Golden Years FD, resident senior citizen clients will get a further rate of interest on an FD of 0.15% over and above the present further charge of 0.50% each year. The ICICI Bank Golden Years FD has a tenor of 5 years and a day and as much as 10 years. On this tenor, most people will get curiosity at a charge of 6.10%, whereas aged people will obtain curiosity at a charge of 6.75%, which is 65 foundation factors larger than the usual charge.

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