ICICI Bank hikes FD interest rates for these tenors: Details here
Zee News
The interest rate on deposits maturing in 7 to 29 days will remain at 2.50 percent, while the rate on deposits maturing in 30 to 90 days will remain at 3%.
New Delhi: Interest rates on fixed deposits under Rs 2 crore have been raised by ICICI Bank, a private sector lender. Interest rates for deposits maturing in 290 days to 10 years have been raised as a result of the adjustment, which was announced today, May 16, 2022.
The interest rate on deposits maturing in 7 to 29 days will remain at 2.50 percent, while the rate on deposits maturing in 30 to 90 days will remain at 3%. The interest rate on deposits maturing between 91 and 184 days will remain at 3.5 percent, while the rate on deposits maturing between 185 and 289 days will remain at 4.40 percent.
The bank earlier offered a 4.40 percent interest rate on deposits maturing in 290 days to less than a year, but the rate will now be 4.50 percent, an increase of 10 basis points.
ICICI Bank used to offer a 5% interest rate on one- to two-year deposits, but it will now be 5.10 percent, a 10 basis point rise. The interest rate on deposits maturing in two years and one day to three years used to be 5.20 percent, but it is now 5.40 percent, a 20 basis point rise.
The interest rate for three-year, one-day to five-year deposits has been raised by 15 basis points, from 5.45 percent to 5.60 percent. ICICI Bank has raised the interest rate on long-term fixed deposits from 5 years 1 day to 10 years from 5.60 percent to 5.75 percent, a 15-basis-point increase, while tax savings fixed deposits of up to Rs 1.5 lakh would now return 5.60 percent rather than 5.45 percent, a 15-basis-point increase.
