ICICI Bank hikes FD rates by 25 bps from October 4 Check the latest interest rates here. | Techno Glob


private banker ICICI Bank has increased the interest rate by 25 basis points on aggregate fixed deposits among fixed deposits. 2 crores. 5 crores for a period of 61 days to 90 days. Also, the bank has revised the FD rates. 5 crores. 500 crores and above. The interest rates are the same for public and senior citizens and are effective from October 4, 2022. Last week, the bank increased FD rates by 25 basis points for deposits below. 2 crores. FD rates increased to 5.9% for FY23 in line with RBI’s fourth repo rate cut.

As per the latest update on the website, ICICI Bank offers a rate of 5.25% among FDs. 2 crores. 5 crores for a period of 61 days to 90 days. Earlier, the interest rate here was 5%. Therefore, an increase of 25 basis points has been given in this tenure.

All other interest rates have been kept unchanged for ordinary and senior citizens.

Currently, ICICI Bank has a rate of 3.75% for 7 to 29 days, 3.9% for 30 to 45 days and 4.25% for 46 to 60 days.

Meanwhile, The depositor can earn up to 5.5% interest on the FD pool with tenors ranging from 91 days to 184 days. The interest rate is 5.75% for 185 days to 270 days.

In addition, the bank offers 6% for tenures ranging from 271 days to less than 1 year. The highest interest rate is 6.25% on FDs with tenors of 1 to 10 years.

ICICI Bank’s FDs have a minimum tenor of 7 days to a maximum of 10 years.

On its website, ICICI Bank says, “If the depositor withdraws the entire FD amount within 7 days from the date of deposit, no FD interest will be payable. Minimum tenure is 7 days for domestic and NRO FD deposits.”

These revised fixed deposit interest rates will be applicable for new ICICI Bank FDs and renewal of existing fixed deposits.

Also, the bank has revised the interest rates on FDs. 5 crores. 500 crores and above. FDs in between less than 5 crores. 5.10 crores and 24.90 crores less. 25 crores – the bank offers an interest rate of 3.75% to 4.35%. In many remaining FDs; Rates range from 3.75% to 6.25%. These rates are on FDs with premature withdrawal facility.

Interest rates range from 3.75% to a maximum of 6.9% on FDs with no premature withdrawal from deposits. 2 crores. 500 crores and above.

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