ICICI Bank, one of India’s leading private sector banks, has increased its interest rates on fixed deposits of less than Rs. According to the official website of 2 crore bank, the new rates are effective from October 29, 2022. After the revision, the bank has increased the interest rates by up to 50 bps on deposits maturing in 10 years from 46 days. The bank is now offering interest rates ranging from 3.00% to 6.25% for general public and 3.50% to 6.95% for senior citizens on deposits maturing in 7 days to 10 years. Deposits maturing in 3 years 1 day to 5 years will attract a maximum interest of 6.35% for general public and 6.95% for senior citizens on deposits maturing in 5 years 1 day to 10 years.
ICICI Bank FD Rates
On fixed deposits maturing in 7 days to 29 days, the bank will continue to offer an interest rate of 3.00% and on fixed deposits maturing in 30 days to 45 days, ICICI Bank will continue to offer an interest rate of 3.50%. ICICI Bank has increased the interest rate on deposits maturing in 46 days to 60 days by 25 bps from 3.50% to 3.75% and the bank has increased the interest rate by 25 bps on deposits maturing in 61 days to 90 days from 3.75% to 4.00 % Done.
Deposits maturing in 91 days to 184 days will now pay an interest rate of 4.50% as against 4.25% earlier, representing an increase of 25 bps and those maturing in 289 days from 185 days. Now the interest rate of 5.25% will be available which was 5 earlier. % represents an increase of 25 bps. ICICI Bank has increased the interest rate by 50 bps to 5.50% on deposits maturing in 290 days to less than 1 year and the bank has increased the interest rate by 30 bps to 5.80% on deposits maturing in 1 year to 18 years. 6.10%. month. On fixed deposits maturing in 18 months to 2 years, the bank has increased the interest rate on deposits maturing in 18 months to 2 years by 35 bps from 5.80% to 6.15%.
Deposits maturing in 2 years 1 day to 3 years will now attract an interest rate of 6.20% from 6% earlier, which represents an increase of 20 bps and now 6.35 for those maturing in 3 years 1 day to 5 years interest rate will be available. % which was 6.20% earlier, showing an increase of 15 bps. ICICI Bank has increased the interest rate on deposits maturing in 5 years 1 day to 10 years by 15 bps from 6.10% to 6.25% and the bank has increased the interest rate on tax saving deposits maturing in 5 years by 15 bps to 6.20% from 6.35%. ,
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ICICI Bank has extended the validity period of its special fixed deposit scheme “ICICI Bank Golden Years FD” from October 31, 2022 to April 7, 2023, with effect from October 29, 2022. On ICICI Bank Golden Years FD, resident senior citizens will get an additional interest rate of 0.20% per annum on FDs over and above the existing additional rate of 0.50% per annum. The plan comes with a fixed tenure of 5 years 1 day, up to 10 years and on this tenure ICICI Bank offers a standard interest rate of 6.25%, but senior citizens will get an interest rate of 6.95% which is 70 bps higher than the standard . Rate. Additional rate will be offered on newly established deposits as well as on deposits renewed during the plan period, and the interest rate is applicable for a minimum amount of single fixed deposit (FD) opened with ICICI Bank. 2 crores.
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