ICICI Bank revises rates of interest on these fastened deposits: Now stand up to six.50%

The rates of interest on fastened deposits value greater than Rs. 2 Cr. however lower than Rs. 5 Cr. have been revised by the personal sector lender ICICI Bank. According to the financial institution’s official web site, the brand new charges are efficient as of fifteenth October 2022. Following the modification, ICICI Bank is now providing an rate of interest on deposits maturing in 7 days to 10 years that vary from 3.75% to six.25%. The most rate of interest on deposits maturing in 1 12 months to 389 days to 2 years and 1 day to three years will now be 6.50%.

ICICI Bank FD Rates

The financial institution will now give an rate of interest of three.75% for deposits maturing within the subsequent 7 to 29 days, and an rate of interest of 4.75% for deposits maturing within the subsequent 30 to 45 days, in response to ICICI Bank. Deposits maturing between 46 and 60 days any longer will earn curiosity at a charge of 5.00%, whereas deposits maturing between 61 and 90 days any longer will earn curiosity at a charge of 5.25%. On deposits maturing in 91 days to 184 days, ICICI Bank will now pay an rate of interest of 5.50%, and on deposits maturing in 185 days to 270 days, the financial institution will now pay an rate of interest of 5.75%.

The financial institution will now give an rate of interest of 6% on deposits maturing in 271 days or lower than a 12 months, and 6.50% on deposits maturing in a 12 months and as much as 389 days, in response to ICICI Bank. The rate of interest on deposits maturing within the subsequent 390 days to 2 years can be 6.45%, and the rate of interest on deposits maturing within the subsequent 2 years, 1 day to three years, can be 6.50%. On deposits maturing within the subsequent three years, in the future, to 10 years, ICICI Bank will now pay curiosity at a charge of 6.25%.

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ICICI Bank FD Rates (icicibank.com)

The expiration date of ICICI Bank’s particular FD programme Golden Years FD was additionally prolonged on September 30, 2022, to October 31, 2022. Previously, this system’s validity date was October seventh, 2022. The financial institution launched the ICICI Bank Golden Years FD for aged of us with increased rate of interest incentives on May 20, 2020. Residents who’re senior residents are eligible for a further 0.10% in curiosity on an FD underneath the ICICI Bank Golden Years programme, which is along with the prevailing further charge of 0.50% per 12 months. This distinctive profit is barely out there for FDs with phrases of 5 years and 1 day to 10 years. ICICI Bank now provides an rate of interest of 6.00% on deposits maturing in 5 years, 1 day to 10 years, nevertheless, aged residents will obtain an rate of interest of 6.60%, which is 60 foundation factors increased than the usual charge. The particular rate of interest benefit is relevant to a single FD established with ICICI Bank for an quantity lower than ₹2 crore. The further charge can be out there on new deposits opened in addition to deposits renewed all through the scheme’s period.

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