ICICI Bank revises bulk FD rates, earn up to 6.80% on 15 months to 3 years

The rates of interest on bulk fastened deposits of greater than 2 crore however lower than 5 crore has been modified by ICICI Bank, one of many prime non-public sector lenders. The new charges are in impact as of November 25, 2022, in accordance to the financial institution’s official web site. The financial institution is at the moment providing an rate of interest on deposits that mature in 7 days to 10 years that ranges from 3.75% to 6.50% because of the modification. A most rate of interest of 6.80% is now obtainable on fastened deposits maturing in 15 months to 3 years.

ICICI Bank FD Rates

The financial institution is now providing an rate of interest of 3.75% on FDs maturing in 7 days to 29 days, and ICICI Bank is now offering an rate of interest of 4.75% on these maturing in 30 days to 45 days. Deposits maturing between 46 and 60 days from now on will earn curiosity at a fee of 5.00%, whereas deposits maturing between 61 and 90 days from now on will earn curiosity at a fee of 5.25%. In addition to pledging an rate of interest of 6.00% on FDs maturing in 185 days to 270 days, ICICI Bank is now giving a 5.75% rate of interest on FDs due in 91 days to 184 days.

On FDs maturing in 271 days to lower than 1 yr, the financial institution is providing an rate of interest of 6.25%, and on these maturing in 1 yr to 15 months, ICICI Bank is now providing an rate of interest of 6.75%. The rate of interest on fastened deposits provided by ICICI Bank is now 6.80% for deposits maturing in 15 months to 3 years and 6.50% for deposits maturing in 3 years, 1 day, or 10 years.

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ICICI Bank FD Rates (icicibank.com)

The financial institution has not modified the FD charges for deposits underneath 2 crore. The common public can get these FDs at charges between 3% and 6.60%, whereas older adults can get them at considerably increased charges between 3.50% and seven.10%. These charges are legitimate commencing November 16, 2022. Furthermore, the Golden Years FD Interest Rates programme provided by ICICI Bank has been introduced up to date as of November 16, 2022.

In this particular FD scheme, resident senior citizen clients will obtain a brief rise within the rate of interest on an FD of 0.10% over and above the prevailing further fee of 0.50% annually. The deposit quantity should be lower than 2 crore, and the suitable tenure ranges from 5 years and 1 day to 10 years. On April 7, 2023, the scheme is designed to come to an finish.

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