ICICI Bank FD Rate: ICICI Bank has changed the rates of Fixed Deposit. ICICI Bank has changed the interest rates on bulk fixed deposits (FDs) above Rs 2 crore at different tenures. Those who have FD for 3 years or more will get the benefit.
ICICI Bank FD Rate: ICICI Bank of the private sector has given a gift to the customers before Holi. The bank has changed the rates of fixed deposits. ICICI Bank has changed the interest rates on bulk fixed deposits (FDs) above Rs 2 crore across different tenures. The highest FD rate is 4.6 per cent for deposits of more than Rs 2 crore and less than Rs 5 crore for tenures between 3 years and 10 years. Customers who have got FD in ICICI Bank for 3 years or more will get more benefit.
FDs of more than 2 years but less than 3 years will get 4.50 percent interest. The new rates are effective from 10 March 2022. In ICICI Bank, FD of 15 months or more but less than 18 months will get 4.2 percent interest. At the same time, FDs for 18 months or more but less than 2 years will get 4.3% interest.
The interest rate on FD made for a period of 1 year to 15 months will be 4.15 percent. The interest rates on FDs of less than 1 year range from 2.5 percent to 3.7 percent. The above rates are same in both general and senior citizen categories. The new rates have become effective from March 10, 2022.
No change in rates of deposits below Rs 2 crore:
Apart from this, ICICI Bank has also changed the interest rates on FDs above Rs 5 crore, according to the report of Live Mint. These rates will be applicable to domestic customers, NRO and NRE. However, there has been no change in the rates for deposits below Rs 2 crore.
Notably, ICICI Bank changed its rates after its rival SBI increased its interest rates by 20-40 basis points on bulk fixed deposits above Rs 2 crore.
SBI hikes FD interest rates:
Let us tell you that the country’s largest government bank SBI changed the interest rates of bulk fixed deposits. SBI has increased by 20-50 basis points on fixed deposits with deposits above Rs 2 crore. According to the State Bank, FDs of more than Rs 2 crore, whose tenure ranges from 211 days to less than one year, its interest rate has been increased by 20 basis points.
Interest of 3.30 percent will be available on such FD from March 10, 2022. Earlier its rate used to be 3.10 percent. Similarly, senior citizens used to get 3.60 percent interest on this FD earlier, which has been increased to 3.80 percent.