ICICI Bank FD Rates: Private sector bank ICICI Bank has decided to once again increase the interest rates of its fixed deposits. In the last few days, the bank has continuously increased its FD rates. This decision has been taken after the Reserve Bank (RBI) hiked the repo rate for the fourth time in a row. ICICI Bank FD Rates has increased by 25 basis points on its FDs of Rs 2 to 5 crore. These new rates have come into effect from 4 October 2022. If you are planning to do FD of large deposits in the bank, then we tell you how much return you can get.
ICICI Bank is giving this return on FD of 2 to 5 crores-
According to the information given on the official website of the bank, in addition to FDs of 2 to 5 crores, the interest rate has been increased on FDs of Rs 5 to 500 crores. The bank is offering interest rates ranging from 3.75% to 6.25% on FDs for general citizens and senior citizens on FDs of Rs 2 to 5 crores. Let us tell you about the rate of interest you get on FD of 2 to 5 crores-
- 7 to 14 days-3.75%
- 15 to 29 days-3.75%
- 30 to 45 days-3.90%
- 46 to 60 days -4.25%
- 61 to 90 days-5.25%
- 91 to 120 days-5.50%
- 121 to 150 days-5.50%
- 151 to 184 days-5.50%
- 185 days to 210 days-5.75%
- 211 days to 270 days-6.00%
- 271 days to 289 days-6.00%
- 290 days to less than 1 year – 6.00%
- 1 year to 389 days-6.25%
- 390 days to 15 months-6.25%
- 15 months to 18 months-6.25%
- 18 months to 2 years-6.25%
- 2 to 3 years-6.25%
- 3 to 5 years-6.25%
- 5 to 10 years-6.25%
Interest rates available to ordinary citizens on FDs of less than 2 crores-
- 7 to 14 days-3.00%
- 15 to 29 days-3.00%
- 30 to 45 days-3.50%
- 46 to 60 days-3.50%
- 61 to 90 days-3.50%
- 91 to 120 days-4.25%
- 121 to 150 days -4.25%
- 151 to 184 days -4.25%
- 185 days to 210 days-4.90%
- 211 days to 270 days-4.90%
- 271 days to 289 days-4.90%
- 290 days to less than 1 year – 4.90%
- 1 year to 389 days-5.70%
- 390 days to 15 months -5.70%
- 15 months to 18 months -5.70%
- 18 months to 2 years -5.70%
- 2 to 3 years-5.80%
- 3 to 5 years-6.10%
- 5 to 10 years-6.00%
- 5 Tax saver-6.10%
Reserve Bank increased repo rate for the fourth time in a row
It is worth noting that the Reserve Bank is continuously taking big steps to rein in the rising inflation in the country. The central bank has decided to increase its repo rate for the fourth time in a row this year. Now the repo rate has reached 5.90%. Rising inflation in the country has become a challenge for the government and RBI. In the Monetary Policy Committee meeting of RBI on 30 September, it has been decided that the repo rate will be increased by 0.50% for the fourth time in a row. Now the repo rate has been increased from 5.40% to 5.90%. This decision of RBI will have a direct impact on the EMI of the loan of the common people and the interest rates of the deposit account.
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