ICICI Home Finance Company Limited (ICICI HFC) is a wholly owned subsidiary of ICICI Bank Limited and a housing finance company regulated by the Reserve Bank of India (RBI). ICICI Housing Finance Company fixed deposits have been rated FAAA/Stable by CRISIL, MAAA/Stable by ICRA and AAA/Stable by CARE, and the company revised the interest rate on these deposits on May 30, 2022. Based on the revision, ICICI Home Finance is now offering a maximum rate of 7% to general public and 7.25 per cent to senior citizens.
ICICI Home Finance Interest Rates on FD for Public Deposits
As per the interest rates effective from May 30, 2022, the company is currently offering 5.25 per cent interest rate on 12- to 24-month cumulative deposits. The interest rate applicable on cumulative deposits of 24 to 36 months is 5.95 percent, for cumulative deposits of 36 to 60 months, 6.60 percent, for cumulative deposits of 60 to 84 months, 6.80 percent and for cumulative deposits of 84 months, 6.95 percent. up to 120 months. The company offers a maximum interest rate of 6.75 per cent on non-cumulative deposits of 84 to 120 under monthly income scheme, 6.80 per cent under quarterly income scheme and 6.95 per cent under annual income scheme on non-cumulative deposits. 84 to 120. On public deposits of less than Rs. 2 crore, elderly citizens and employees of ICICI Group will be applicable at an additional rate of 0.25%.
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ICICI Home Finance interest rates on FDs other than public deposits
ICICI HFC is now offering a maximum rate of 6.95 per cent on cumulative deposits of 84 to 120 months and a maximum rate of 6.75 per cent on non-cumulative deposits under the Monthly Income Scheme, 6.80, based on interest rates effective from May 30, 2022. Percentage under Quarterly Income Scheme, and 6.95 percent under Annual Income Scheme.
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ICICI HFC Special Scheme Rates for Public Deposits
ICICI HFC Special Term Deposit Scheme offers interest rates of 6.85 per cent on cumulative deposits of 39 months, 6.95 per cent on cumulative deposits of 45 months and 7.00 per cent on cumulative deposits of 65 months. A monthly income plan will have a maximum rate of 6.80 percent, a quarterly income plan will have a maximum rate of 6.85 percent, and an annual income plan will have a maximum rate of 7.00 percent under the non-cumulative deposit option.
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