ICICI Bank Hikes FD Rates: Keeping hard earned money in fixed deposits is becoming more and more attractive. The country’s leading private ICICI Bank has decided to increase interest rates on fixed deposits. On deposits of 7 days to 10 years, the bank will now give interest from 3.50 percent to 5.90 percent. The decision to increase the FD of ICICI Bank has come into effect from August 26, 2022.
how much interest rates increased
ICICI Bank has decided to increase the interest rates on fixed deposits from Rs 2 crore to Rs 5 crore. FDs ranging from 7 days to 29 days will get 3.50 percent interest. 3.60 percent interest on FDs from 30 to 45 days, 4 percent on FDs from 46 to 60 days, 4.75 percent on FDs of 61 to 90 days. 5.25 percent interest will be available on FDs of 91 to 184 days, 5.40 percent interest on FDs from 185 to 270 days. On FDs from 271 days to 1 year, 5.60 percent interest will be available on FDs from 1 to 5 years, 6.05 percent and on FDs from 5 years 1 day to 10 years, 5.90 percent interest will be available.
According to the information given on the website of ICICI Bank, you can also open FD in FD by visiting the branch digitally. According to the bank, ICICI Bank FD can prove to be very safe in the current volatility and volatility. The bank has said in its website that the FD of ICICI Bank has got AAA rating.
On 19 August 2022, ICICI Bank increased the interest rates on FDs below Rs 2 crore. In which 6.10 percent interest is being given on FDs of 3 years 1 day to 5 years, in which senior citizens are getting 0.50 percent more interest.
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