Publish Date: | Wed, 22 Jun 2022 06:35 PM (IST)
ICICI FD Rates Hike: Private sector ICICI Bank has increased the fixed deposit rate. The bank has increased its FD rates by 5 basis points. This decision has come into effect from June 22. ICICI Bank has announced a hike in interest rates on FDs of less than Rs 2 crore.
how much interest
According to the ICICI Bank website, 2.75 percent interest will be available on fixed deposits of 7 to 14 days. FDs of 91 to 120 days will get 3.75 percent, 185 to 210 days 4.65 percent, FDs from 290 days to less than 1 year will get 4.65 percent interest. The bank will pay 5.35 percent interest on FDs of 390 days to 15 months, 5.35 percent interest on fixed deposits of 18 months to 2 years. Interest will be 5.7 percent on FDs with tenures of 3 years to 5 years and 5.75 percent on FDs with tenures of 5 years one day to 10 years.
Senior citizens will get this much interest
ICICI Bank has reduced the interest rates to 5.7 per cent on 5 year tax-exempt fixed deposits under 80C. Senior citizens will get 0.50 percent more interest on all term FDs.
Posted By: Shailendra Kumar