ICICI Bank has increased the bulk fixed deposit rates. According to the data available on the bank’s website, the new rate is applicable from March 24. The bank is now offering a maximum interest of 7.25 per cent.
ICICI Bank Latest FD Rates in 2023: Private sector giant ICICI Bank has changed the bulk fixed deposit rate. The new interest rate has come into effect from 24 March 2023. Now the minimum interest rate on bulk FD is 4.75 percent and the maximum interest rate is 7.25 percent. For senior citizens, the minimum interest rate on bulk FD has been increased to 4.75 per cent and the maximum rate to 7.25 per cent. There has been no change in the retail term deposit rate. The bank last changed the retail FD rate on 24 February.
Latest Interest Rates on Bulk Deposits
According to the data available on the website of ICICI Bank, if we talk about the latest rate on bulk fixed deposits i.e. FDs ranging from 2 crore to 5 crore, then the rate for 7-29 days has become 4.75 percent. 30-45 days 5.50%, 46-60 days 5.75%, 61-90 days 6%, 91-184 days 6.50%, 185-270 days 6.65% and bulk deposits from 271 days to less than 1 year But now an annual interest of 6.75 percent will be available.
7.25% interest on 1 year fixed deposit
7.25% on FDs ranging from 1 year to less than 15 months, 7.15% on FDs ranging from 15 months to 2 years, 7% interest will be available on FDs ranging from 2 years, 1 day to 3 years. 6.75 percent interest is being given on FDs ranging from 3 years 1 day to 10 years.
How much interest is being received on retail FD
Currently, ICICI Bank is offering minimum 3% and maximum 7.10% interest to the general public on retail term deposits. Minimum 3.50 percent and up to 7.50 percent interest is being offered to senior citizens.
