ICICI Bank has hiked FD rates by up to 50 bps and extended the Special Deposit Scheme. | Techno Glob


ICICI Bank, one of the leading private sector banks in India, has raised interest rates on fixed deposits. 2 Cr. According to the bank’s official website, the new rates are valid till October 29, 2022. After revision, The bank has increased interest rates by up to 50 bps on deposits maturing from 46 days to 10 years. The bank is now offering interest rates of 3.00% to 6.25% on deposits with a maturity of 7 days to 10 years and 3.50% to 6.95% for senior citizens. Deposits with maturity of 1 day to 5 years in 3 years will attract maximum interest rate of 6.35% for general public and 6.95% for senior citizens for deposits with maturity of 1 day to 10 years in 5 years.

ICICI Bank FD Rates

The bank will continue to pay 3.00% interest on fixed deposits of 30 to 45 days and ICICI Bank will continue to pay 3.50% interest on fixed deposits of 30 to 45 days. ICICI Bank increased the interest rate by 25 bps from 3.75% to 4.00% for deposits with maturity of 46 to 60 days from 3.50% to 3.75% and increased the interest rate by 25 bps for deposits with maturity of 61 to 90 days.

Deposits with maturities of 91 to 184 days will pay 4.25% interest, representing an increase of 4.25 bps earlier, while those with maturities of 185 to 289 days will now earn an earlier interest rate of 5.25%. % represents an increase of 25 bps. ICICI Bank increased interest rates by 50 bps from 5% to 5.50% for deposits with maturities of 290 days to less than 1 year, while the bank increased interest rates from 5.80% to 6.10% for 1 to 18 years. Months. In deposits with a maturity of 18 months to 2 years; The bank has increased the interest rate by 35 bps to 6.15% from 5.80% for deposits of 18 months to 2 years.

Deposits with maturities of 2 years 1 day to 3 years will now fetch interest rates of 6.20%, up 20 bps from the previous rate of 6%, and bank deposits with maturities of 3 years 1 day to 5 years will now fetch 6.35%. The % shows a rise of 15 bps, which was 6.20% earlier. ICICI Bank has increased interest rates by 15 bps from 6.10% to 6.25% for deposits with maturities of 1 to 10 years in 5 years and from 6.20% to 6.35% for 5-year tax savings deposits.

ICICI Bank FD Rates

See the full picture.

ICICI Bank FD Rates (icicibank.com)

With effect from October 29, 2022, ICICI Bank has extended the tenure of its special fixed deposit scheme “ICICI Bank Golden Years FD” from October 31, 2022 to April 7, 2023. Resident Senior Citizens of ICICI Bank Golden Years FD will get 0.20% per annum on top of existing 0.50% per annum on top of 0.20% per annum. The term specified in the program is 5 years and 1 day. Up to 10 years, while ICICI Bank offers a standard interest rate of 6.25%, senior citizens will get 6.95%, which is 70 bps higher than the standard rate. Rate. In addition to newly established deposits, renewal deposits will also be set up during the scheme period and interest rates will be availed for amounts lower than the single Fixed Deposit (FD) opened with ICICI Bank. 2 crores.

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