ICICI Bank hikes interest rate on fixed deposits by up to 25 bps: Details here | Techno Glob


Leading private sector lender ICICI Bank has raised interest rates on fixed deposits. 2 Cr. According to the bank’s official website; The new rates are valid until October 18, 2022. In response to the revision, ICICI Bank has increased interest rates by up to 25 bps across select categories of tenors. The bank now offers deposit interest rates ranging from 3.00% to 6.10% with tenors of 7 to 10 years. The maximum interest rate for deposits with ICICI Bank is 3 years; It will be 6.20% for renewal from 1 day to 5 years.

ICICI Bank FD Rates

The bank will continue to offer 3.50 percent on deposits maturing in the next 7 to 29 days and 3.50 percent on deposits maturing in the next 30 to 60 days. ICICI Bank has increased the interest rate on deposits maturing between 61 and 90 days to 25% from 3.50% to 3.75%, while the interest rate on deposits maturing between 91 days will remain at 4.25%.

ICICI Bank has increased interest rates by 10 bps on deposits with maturities of less than 10 years and 185 days from 4.90% to 5.00% and on deposits from 1 to 2 years by 10 bps. . Deposits with maturities of 2 years 1 day to 3 years will now pay interest at 6.00%, up from 5.80% by 20 bps earlier, and deposits with maturities of 3 years 1 day to 5 years at 6.20%, up from 6.10% earlier, a step of 10 bps.

ICICI Bank has raised interest rates on deposits from 1 day to 10 years by 10 bps from 6% to 6.10% and bank interest rate on 5 years (80C FD) by 10 bps from 6.10% to 6.20. %

ICICI Bank FD Rates

See the full picture.

ICICI Bank FD Rates (icicibank.com)

“ICICI Bank offers an interest rate of 6.60% pa for senior citizens and up to 6.10% pa for citizens above 60 years of age. With the current uncertainty and volatility in the market, You can always count on ICICI Bank Fixed Deposits for guaranteed returns. “ICICI Bank FD is one of the safest FDs, rated ‘AAA’ and easily beats any competition,” the bank said on its website.

ICICI Bank Golden Years FD for Senior Citizens is valid till 31 October 2022. Senior Citizens will get 0.15% interest rate on term deposit and above 0.50% interest rate on term deposit under this scheme. 5 years and 1 day per annum at the dedication. Pre-booked for 10 years.

Industry news on Live Mint; Catch all banking news and updates. Download Mint News App to get daily market updates.

more or less.



Source link