According to the notification of ICICI Bank, FD interest rates have been increased by up to a quarter percent i.e. up to 25 basis points. Now one-fourth percent more will be available on deposits up to 90 days.
New Delhi . ICICI Bank, a large private sector bank, after increasing the interest rate of the loan, has now announced to increase the interest rates of fixed deposits as well. A day earlier on Wednesday itself, the Reserve Bank had announced to increase the repo rate and CRR. Since then, it was expected that FD interest rates may increase.
In a notification issued by ICICI Bank on Thursday, an increase in FD interest rates has been announced. At present, this increase has been made on deposits ranging from Rs 2 crore to Rs 5 crore. The new rates have become effective from May 5, 2022.
Up to 25% increase
According to the notification of ICICI Bank, FD interest rates have been increased by up to a quarter percent i.e. up to 25 basis points. Now one-fourth percent more will be available on deposits up to 90 days. Whereas it has been announced to increase by 20 basis points on deposits from 271 days to 1 year and 15 basis points on deposits up to 2 years.
For general and senior citizens, the bank is now giving interest at this rate on deposits ranging from Rs 2 crore to Rs 5 crore.
Here are the new rates
- 7 days to 14 days – 2.75 percent
- 15 days to 29 days – 2.75 percent
- 30 days to 45 days – 3%
- 45 days to 60 days – 3%
- 61 days to 90 days – 3.25 percent
- 91 days to 120 days – 3.5%
- 121 days to 150 days – 3.5%
- 151 days to 184 days – 3.5%
- 185 days to 210 days – 3.75 percent
- 211 days to 270 days – 3.75 percent
- 271 days to 289 days – 4%
- 290 days to 1 year – 4%
- 1 year to 389 days – 4.5 percent
- 390 days to 15 months – 4.5 percent
- 15 months to 18 months – 4.6%
- 18 months to 2 years – 4.65 percent
- 2 years 1 day to 3 years – 4.75 percent
- 3 years 1 day to 5 years – 4.8%
- 5 years 1 day to 10 years – 4.8%
