ICICI Bank increases fixed interest rates on deposits for these mandates; Check the Latest FD Rates

ICICI Bank fixed deposit interest rates: Private lender ICICI Bank recently raised interest rates on its fixed deposits of certain categories. The bank has become the latest to join the growing list of contemporaries who have raised interest rates on term deposits. ICICI Bank FD rates have been raised for deposits over Rs 2 crore up to Rs 5 crore, the bank said in a recent update. The evolution of FD rates is applicable to tenures of more than one year, and applies to both the general public and seniors.

ICICI Bank FD’s new interest rates took effect from April 28, Thursday, the lender said in its update. He also clarified that the rates for seniors only apply to domestic term deposits. Previously, ICICI Bank FD’s interest rate for one-year deposits was 4.30%, which was increased by 5 basis points to 4.35%. Similarly, the interest rates for other tenures have also been increased. However, ICICI Bank FD’s interest rates for deposits with maturities of less than one year remained unchanged.

Here are the revised interest rates on fixed deposits above Rs 2 crore up to Rs 5 crore at ICICI Bank from 28 April 2022:

7 days to 14 days: For the general public – 2.50%; For seniors – 2.50%

15 days to 29 days: For the general public – 2.50%; For seniors – 2.50%

30 days to 45 days: For the general public – 2.75%; For seniors – 2.75%

46 days to 60 days: For the general public – 2.75%; For seniors – 2.75%

61 days to 90 days: For the general public – 3.00%; For seniors – 3.00%

91 days to 120 days: For the general public – 3.35%; For seniors – 3.35%

121 days to 150 days: For the general public – 3.35%; For seniors – 3.35%

151 days to 184 days: For the general public – 3.35%; For seniors – 3.35%

185 days to 210 days: For the general public – 3.60%; For seniors – 3.60%

211 days to 270 days: For the general public – 3.60%; For seniors – 3.60%

271 days to 289 days: For the general public – 3.80%; For seniors – 3.80%

290 days to less than 1 year: For the general public – 3.80%; For seniors – 3.80%

1 year to 389 days: For the general public – 4.35%; For seniors – 4.35%

390 days to less than 15 months: For the general public – 4.35%; For seniors – 4.35%

15 months to less than 18 months: For the general public – 4.45%; For seniors – 4.45%

18 months to 2 years: For the general public – 4.60%; For seniors – 4.60%

2 years 1 day to 3 years: For the general public – 4.70%; For seniors – 4.70%

3 years 1 day to 5 years: For the general public – 4.80%; For seniors – 4.80%

5 years 1 day to 10 years: For the general public – 4.80%; For seniors – 4.80%

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Leslie M. Gill