Private sector bank ICICI Bank has changed the fixed deposit rates. This change has been made by the bank on this Thursday. According to the information given on the bank’s website, the bank has changed the rates on fixed deposits of Rs 2 crore to Rs 5 crore for more than 1 year.
The bank will now give 4.35% interest on a fixed deposit of 1 year 389 days. Earlier this rate was only 4.30%. Apart from this, the bank will also give 4.35% interest on FDs of 390 days to 15 months. Earlier the FD rate was only 4.30% for that time. If we talk about FDs of 15 months or more but less than 18 months, the bank will now give 4.45% return. Here also the fixed deposit rates have been increased by 0.05%.
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If a customer makes an FD of 18 months to 2 years, then he will get 10 bps additional interest. According to the bank the new rate has increased to 4.60%. Bank new FDs also increased by 10 basis points to 4.70% on FDs from 2 years one day to 3 years.
The bank has increased the fixed deposit rates to 4.80% on FDs from 3 years one day to 5 years and from 5 years to 10 years. Let us tell you, on fixed deposits of less than one year, the bank has retained the old rates.