ICICI Bank fixed deposit interest rates: ICICI Bank is now offering an interest rate of 2.50 percent on deposits with maturity of 7 to 29 days and 3 percent on FDs with maturity of 30 to 90 days.
After HDFC Bank, SBI and Canara Bank, now ICICI Bank has changed the interest rates on its fixed deposits. The new interest rates of FD will be effective from January 20, 2022, today.
According to the bank’s website, ICICI Bank is now offering an interest rate of 2.50 per cent on deposits with maturities of 7 to 29 days and 3 per cent on FDs with maturities of 30 to 90 days. Offering an interest rate of 3.5 percent for FDs with maturities of 91 days to 184 days, and 4.40 percent for FDs with tenors ranging from 185 days to less than one year. The bank is offering 5 per cent on FDs of one year to 389 days.
ICICI Bank is offering 5.60 percent interest rate on FDs maturing in 5 years 1 day to 10 years. It is also offering 5.45 per cent for FDs of five years, on which tax can be availed under Section 80C of the Income Tax Act 1961.
Fixed Deposit Rates for Senior Citizens
Senior Citizen fixed deposit rates: ICICI Bank gives 0.50 percent higher interest rate to its senior citizen customers than the general public. Under this, it is now offering 3 percent interest rate on deposits with maturity of 7 to 29 days and 3.50 percent interest rate on FDs with maturity of 30 to 90 days. 4 per cent for FDs with maturities of 91 days to 184 days, and 4.90 per cent for FDs with maturities of 185 days to less than one year, 5.50 per cent for FDs ranging from one year to 389 days.
ICICI Bank Golden Years FD Rates
Golden Years FD Rates: Over and above the existing additional rate of 0.50 percent per annum, Resident Senior Citizen customers will get an additional interest rate of 0.25 percent. This rate is offered on both new and renewal deposits during the tenure of the plan. The application period is from May 20, 2020 to April 8, 2022.
Penalty for premature withdrawal
Penalty on premature withdrawal : According to the ICICI Bank website, interest will be calculated at the effective rate at the time the deposit was placed with the bank or the contracted rate of deposit, whichever is lower. Along with this, if there is any penalty, then it will be recovered.
