ICICI Bank revises interest rates on these fixed deposits: Details here

ICICI Bank FD Rates

on fixed deposits of more than from 2 crores 5 crores maturing in 7 days to 29 days, ICICI Bank will now offer an interest rate of 3.25% and on deposits maturing in 30 days to 45 days the bank will now offer an interest rate of 3.35%. An interest rate of 3.65% will now be offered on fixed deposits maturing from 46 days to 60 days and an interest rate of 4.50% will now be offered on fixed deposits maturing from 61 days to 90 days. ICICI Bank will now offer an interest rate of 5.00% on deposits maturing from 91 days to 184 days, and the bank will now offer an interest rate of 5.25% on deposits maturing from 185 days to 270 days. The bank will now offer an interest rate of 5.50 per cent on fixed deposits maturing in 271 days to less than a year and a maximum interest rate of 5.75 per cent on fixed deposits maturing in 1 year to 10 years.

Analysts estimate that the latest repo rate hike by the Reserve Bank of India (RBI) by 50 basis points to 5.40 per cent will lead to further hike in interest rates on loans and deposit products of banks. During this, Canara Bank has increased the interest rates on fixed deposits of less than 2 crore and Bandhan Bank Interest rates on savings accounts have been hiked. The newly increased interest rates for Canara Bank fixed deposits came into effect on August 8, 2022. As a result of the amendment, the bank added a new tenure of 666 days for which it is offering a maximum interest rate of 6%. Interest rate on savings accounts with daily balances of more than 1 lakh and up to 10 lakh, meanwhile, Bandhan Bank has seen an increase of 100 basis points from 5 per cent to 6 per cent.

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