ICICI Bank revises interest rates on these fixed deposits: Now get up to 6.50%

Interest rates on fixed deposits of more than Rs. 2 crore but less than Rs 5 crore has been revised by private sector lender ICICI Bank. According to the official website of the bank, the new rates are effective from October 15, 2022. After the revision, ICICI Bank is now offering interest rates ranging from 3.75% to 6.25% on deposits maturing in 7 days to 10 years. The maximum interest rate on deposits maturing in 1 year to 389 days to 2 years and 1 day to 3 years will now be 6.50 percent.

ICICI Bank FD Rates

According to ICICI Bank, the bank will now offer an interest rate of 3.75% for deposits maturing in the next 7 to 29 days and 4.75% for deposits maturing in the next 30 to 45 days. Deposits maturing between 46 and 60 days from now will attract interest at the rate of 5.00%, while deposits maturing between 61 and 90 days from now will attract interest at the rate of 5.25%. On deposits maturing in 91 days to 184 days, ICICI Bank will now pay an interest rate of 5.50%, and on deposits maturing in 185 days to 270 days, the bank will now pay an interest rate of 5.75%.

According to ICICI Bank, the bank will now offer an interest rate of 6% on deposits maturing in 271 days or less than a year and 6.50% on deposits maturing in one year and up to 389 days. The interest rate on deposits maturing in the next 390 days to 2 years will be 6.45%, and on deposits maturing in the next 2 years, 1 day to 3 years, the interest rate will be 6.50%. ICICI Bank will now pay interest at the rate of 6.25% on deposits maturing in the next three years, from one day to ten years.

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ICICI Bank FD Rates (icicibank.com)

The expiry date of ICICI Bank’s special FD program Golden Years FD was also extended from September 30, 2022 to October 31, 2022. Earlier, the validity date of the program was October 7, 2022. The bank had introduced ICICI Bank Golden Years FD for the elderly. People with higher interest rate incentives on May 20, 2020. Senior citizens who are residents are eligible for an additional 0.10% interest on FDs under the ICICI Bank Golden Years Programme, which is in addition to the existing additional 0.50% per annum rate. year. This unique benefit is available only for FDs of 5 years and 1 day to 10 years. ICICI Bank now offers an interest rate of 6.00% on deposits maturing in 5 years, 1 day to 10 years, however, elderly citizens will receive an interest rate of 6.60%, which is 60 basis points higher than the standard rate. The benefit of special interest rate is applicable on a single FD set up with ICICI Bank for an amount less than 2 crores. The additional rate will be available on newly opened deposits as well as on deposits renewed during the tenure of the scheme.

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