Advertisements
Business

ICICI Bank Hikes Interest Rates On Fixed Deposits

ICICI Bank Hikes Interest Rates On Fixed Deposits
Written by bobby
Advertisements

ICICI Bank Hikes Interest Rates On Fixed Deposits: ICICI Bank has increased interest rates on fixed deposits of more than Rs 2 crore but less than Rs 5 crore. The bank made the announcement today, May 13th, 2022. Following the change, the bank is now giving a 3% interest rate on deposits maturing in 7 to 29 days, up from 2.75 percent previously.

Earlier, the interest rate on deposits maturing in 30 days to 60 days was 3%, but now the interest rate is 3.25 percent. The interest rate for deposits maturing in 61 to 90 days was previously 3.25 percent, but it has now been raised to 3.40 percent. The interest rate on deposits maturing in 91 to 184 days was 3.5 percent until the bank raised it to 3.60 percent.

The 3.75 percent interest rate on deposits maturing in 185 to 270 days remained unchanged. ICICI Bank would maintain a 4% interest rate on deposits maturing in 271 days to less than a year, as well as a 4.5 percent rate on deposits maturing in 1 year to less than 15 months. The interest rate on deposits maturing in 15 months to less than 18 months will stay at 4.65 percent, while the interest rate on deposits maturing in 18 months to 2 years will remain at 4.70 percent.

Whereas the interest rate on deposits maturing in 2 years 1 day to 3 years has remained steady at 4.80 percent, and the interest rate on deposits maturing in 3 years 1 day to 10 years has remained unchanged at 4.85 percent.

ICICI Bank FD Rates 2022

Here are the updated rates for single deposits of Rs 2 crore and above but less than Rs 5 crore, effective May 13, 2022.

TenureGeneralSenior Citizen
7 days to 14 days3.00%3.00%
15 days to 29 days3.00%3.00%
30 days to 45 days3.25%3.25%
46 days to 60 days3.25%3.25%
61 days to 90 days3.40%3.40%
91 days to 120 days3.60%3.60%
121 days to 150 days3.60%3.60%
151 days to 184 days3.60%3.60%
185 days to 210 days3.75%3.75%
211 days to 270 days3.75%3.75%
271 days to 289 days4.00%4.00%
290 days to less than 1 year4.00%4.00%
1 year to 389 days4.50%4.50%
390 days to 15 months4.50%4.50%
15 months to 18 months4.65%4.65%
18 months to 2 years4.70%4.70%
2 years 1 day to 3 years4.80%4.80%
3 years 1 day to 5 years4.85%4.85%
5 years 1 day to 10 years4.85%4.85%
Source: Bank Website

About the author

bobby

Hi, I am Bobby. Blogger India. I love writing, and reading articles. Blogging is my passion. I have started my blogging career in 2016.

Leave a Comment