ICICI Bank revises rates of interest on these fastened deposits: Key takeaways to notice

Interest charges on fastened deposits of greater than ₹2 Cr to ₹5 Cr have been revised by the non-public sector lender ICICI Bank. According to the financial institution’s official web site, the brand new charges are in impact as of as we speak, September 8, 2022. In accordance with the revised, the financial institution is now offering an rate of interest on fastened deposits maturing in 7 days to 10 years that vary from 3.50% to five.90%. Fixed deposit charges will now attain a most of 6.05% for deposits maturing in 1 to five years.

ICICI Bank FD Rates

On fastened deposits maturing in 7 days to 29 days, the financial institution will now promise an rate of interest of three.50% and on time period deposits maturing in 30 days to 45 days, ICICI Bank will now promise an rate of interest of three.60%. Fixed deposits maturing in 46 days to 60 days will now fetch an rate of interest of 4.00% and time period deposits maturing in 61 days to 90 days will now fetch an rate of interest of 4.75%. ICICI Bank is now promising an rate of interest of 5.25% on fastened deposits maturing in 91 days to 184 days and the financial institution will now promise an rate of interest of 5.50% on fastened deposits maturing in 185 days to 270 days. On fastened deposits maturing in 271 days to lower than 1 yr, the financial institution will now promise an rate of interest of 5.70% and on fastened deposits maturing in 1 yr to five years, ICICI Bank will now promise an rate of interest of 6.05%. Fixed deposits maturing in 5 years 1 day to 10 years will now fetch an rate of interest of 5.90%.

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ICICI Bank FD Rates (icicibank.com)

ICICI Bank has talked about on its web site that “These revised Fixed Deposit rates of interest might be relevant for brand spanking new ICICI Bank Fixed Deposits and renewal of current Term Deposits. Minimum tenure for Domestic and NRO Term Deposits is 7 days and no curiosity is payable for deposits prematurely withdrawn inside the interval of seven days from the date of the deposit.”

“You can maximise your FD rates of interest by choosing the best tenure (greater than 5 years). ICICI Bank offers you the best FD rates of interest of as much as 6.10 % p.a. for Senior Citizens and as much as 6.60% p.a. for residents beneath the age of 60 years, talked about the lender on its web site.

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