ICICI Bank cut FD interest rates up to 0.50%
ICICI Bank FD Interest Rates: After major banks like State Bank of India and HDFC Bank, ICICI Bank has also shocked its customers. Yes, ICICI Bank has also announced a cut from 25 to 50 basis points (0.25–0.50 percent) in FD interest rates after RBI cut repo rate. This private bank has also cut the interest given on FD as well as saving accounts by 0.25 percent. The new interest rates of ICICI Bank have also been implemented today i.e. from April 17.
ICICI Bank cut FD interest rates up to 0.50%
The country’s largest government bank- SBI and the largest private bank-HDFC have recently implemented the cut in interest rates. ICICI Bank has cut a few selected FD schemes from 25 to 50 basis points. After this latest deduction, now this private bank is offering interest ranging from 3% to 7.05% to its normal customers and senior citizens will now get interest ranging from 3.5% to 7.55% on FD. Earlier, normal customers were getting 7.25 percent interest on ICICI Bank’s 15 months to 2 years FD scheme and senior citizens were getting interest of 7.85%.
3.00% interest will now be available on FDs of 30 to 45 days duration
ICICI Bank has reduced the highest number of basis points i.e. 0.50 percent on the FD scheme of 30 to 45 days duration. The bank has now reduced the interest rate of this period from 3.50 percent to 3.00 percent. In addition, the interest rate for a period of 61 to 90 days has been cut by 25 basis points, for which the interest rate has been reduced from 4.5% to 4.25%. For FDs from 18 months to 2 years, the interest rate has been reduced from 7.25% to 7.05% with a deduction of 20 basis points.
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