There is good news for those who have made FD in ICICI Bank. The bank has increased the interest rates by 10 basis points on fixed deposits of more than Rs 2 crore but less than Rs 5 crore.
Even today, when it comes to investing, most people recommend FD i.e. Fixed Deposit. FD is considered to be a better option in terms of investment, in which the return is guaranteed. In this, more returns are available than the Savings Account. At the same time, there is good news for those who have made FD in ICICI Bank of the private sector.
The bank has increased the interest rates by 10 basis points on fixed deposits of more than Rs 2 crore but less than Rs 5 crore. The bank has increased the rates of FDs maturing in 1 year to 10 years. The new rates of the bank have come into effect from April 14, 2022.
According to the changed rates, the bank was earlier at 4.15 per cent interest rate on deposits maturing in less than one year to 15 months, but now this rate will increase by 10 basis points to 4.25 per cent. According to the bank, the interest rate of FDs maturing in the first 15 months to 18 months was 4.20 percent, which has now increased to 4.30 percent.
The interest rates of FDs maturing in 18 months to 2 years were 4.30 percent, but now it has increased to 4.40 percent. The interest rate on deposits maturing in 2 years and one day to 3 years used to be 4.50 percent, but now it will be 4.60 percent. The interest rate of FDs maturing in 3 years and one day to 10 years was 4.60 percent, which has now increased to 4.70 percent.
The bank is now giving 2.5 percent interest rate in 7 to 29 days on deposits of Rs 2 crore and above but less than Rs 5 crore. FDs maturing in 61 days to 90 days will now get 3.0% interest rate, while deposits maturing in 30 days to 60 days will now get 2.75 percent interest rate. ICICI Bank is currently offering 3.35 per cent interest rate on term deposits maturing in 91 to 184 days.
