ICICI Bank has revised its fixed deposit interest rate by 5 basis points to 10 years for tenures above 1 year. Rates hiked for single deposits of 2 crore but less 50 million. The new rates have come into effect from March 30, 2022.
Now, ICICI Bank Offers a rate of 4.20% on tenures ranging from 1 year to 389 days and 390 days to less than 15 months. Earlier the FD rate here was 4.15%.
In addition, the bank offers a rate of 4.25% for tenures ranging from 15 months to less than 18 months as compared to the previous 4.20%, while the rate of 4.35% is earlier offered from 4.30% for 18 months to 2 years.
Meanwhile, now depositors can earn at the rate of 4.55% on tenure of 2 years 1 day to 3 years. Also, a rate of 4.65% is offered on tenures ranging from 3 years to 10 years, up from the previous 4.6%.
The interest rates on FDs have been kept unchanged for the rest of the tenure. ICICI Bank continues to offer 3.70% each for tenures ranging from 271 days to less than 1 year. In addition, 3.6% is given on a tenure between 185 days to 270 days, while 3.35% is applied to a tenure of 91 days to 184 days. 3% interest rate is offered on a tenure of 61 days to 90 days.
Additionally, in the short term bucket, ICICI Bank offers a rate of 2.75% between 30 days to 60 days, and a rate of 2.5% which is the lowest offered between a tenure of 7 days to 29 days.
These rates are applicable to both general and senior citizens. These revised interest rates will be applicable for fresh deposits and renewal of existing fixed deposits.
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