There is good news for those who have made FD in ICICI Bank. The bank has increased the interest rates by 10 basis points on fixed deposits of more than Rs 2 crore but less than Rs 5 crore.
New Delhi. Even today, when it comes to investing, most people recommend FD i.e. Fixed Deposit. FD is considered to be a better option in terms of investment, in which the return is guaranteed. In this, more returns are available than the Savings Account. At the same time, there is good news for those who have made FD in ICICI Bank of the private sector. The bank has increased the interest rates by 10 basis points on fixed deposits of more than Rs 2 crore but less than Rs 5 crore. The bank has increased the rates of FDs maturing in 1 year to 10 years. The new rates of the bank have come into effect from April 14, 2022.
According to the changed rates, the bank was earlier at 4.15 per cent interest rate on deposits maturing in less than one year to 15 months, but now this rate will increase by 10 basis points to 4.25 per cent. According to the bank, the interest rate of FDs maturing in the first 15 months to 18 months was 4.20 percent, which has now increased to 4.30 percent. The interest rates of FDs maturing in 18 months to 2 years were 4.30 percent, but now it has increased to 4.40 percent.