ICICI Bank, a non-public sector lender, has elevated its rates of interest on mounted deposits of greater than ₹2 Cr to ₹5 Cr. The new charges are in impact as of August 26, 2022, based on the financial institution’s official web site. Starting at this time, the financial institution will present an rate of interest on mounted deposits with maturities starting from 7 days to 10 years starting from 3.50% to five.90%.
ICICI Bank FD Rates
On mounted deposits maturing in 7 days to 29 days, the financial institution will now supply an rate of interest of three.50% and on time period deposits maturing in 30 days to 45 days, ICICI Bank will now supply an rate of interest of three.60%. Fixed deposits maturing in 46 days to 60 days will now supply an rate of interest of 4.00% and time period deposits maturing in 61 days to 90 days will now supply an rate of interest of 4.75%. ICICI Bank will now supply an rate of interest of 5.25% on mounted deposits maturing from 91 days to 184 days and 5.40% on mounted deposits maturing from 185 days to 270 days. On mounted deposits maturing in 271 days to lower than 1 12 months, ICICI Bank will now supply an rate of interest of 5.60% and on time period deposits maturing in 1 12 months to five years, the financial institution will now promise an rate of interest of 6.05%. Fixed deposits maturing in 5 years 1 day to 10 years will now fetch an rate of interest of 5.90%.
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ICICI Bank FD Rates (icicibank.com)
ICICI Bank has talked about on its web site that “Now you may spend money on ICICI Bank’s Fixed Deposits by way of the digital and department channel for a hard and fast tenure, as per your comfort. You can multiply your financial savings with excessive FD rates of interest by way of an ICICI Bank FD.”
“With the current uncertainty and highly volatile market, you can always rely on ICICI Bank’s Fixed Deposits for assured and guaranteed returns. An ICICI Bank FD is one of the safest FDs and rated as “AAA”, beating any competitors with ease,” ICICI Bank has mentioned on its web site.
The rates of interest on mounted deposits underneath ₹2 Cr had been just lately upped by ICICI Bank on August 19, 2022. As a results of the revision, the financial institution elevated rates of interest on mounted deposits with maturities starting from one 12 months to 10 years. For mounted deposits maturing in 3 years, 1 day to five years, the best rate of interest supplied by ICICI Bank is 6.10% for non-senior residents and 6.60% for senior residents.
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