In order to increase the FD rate, a new name of ICICI Bank has also been included. The country’s largest private sector bank ICICI Bank has given great news to its customers.
New Delhi. FD ie Fixed Deposit has always been one of the most preferred investment options for those seeking risk-free and fixed returns. At present, the FD scheme seems to be proving to be very favorable for the people. In the last few days, FD rates have been increased by many banks of the country.
ICICI Bank increased FD rate
In order to increase the FD rate, a new name of ICICI Bank has also been included. The country’s largest private sector bank ICICI Bank has given great news to its customers. It has been announced by the bank to give more interest to the customers taking advantage of the fixed deposit scheme. The interest rate is being given on FDs ranging from Rs 2 crore to Rs 5 crore.
What is the interest rate on FD
An interest of 3.10 percent is being available from ICICI Bank on FDs of 7 to 14 days. Whereas, on the FD scheme from 1 year to 2 years, the bank is offering its customers interest at the rate of 5.60 percent.
At the same time, customers of ICICI Bank get the benefit of interest at the rate of 5.75 percent on FD scheme from 2 to 3 years. Whereas the interest of 5.75 percent is offered by the bank on the FD scheme from 3 to 5 years.
This bank has also increased interest
Let us inform that in the past, the country’s leading government bank, Central Bank of India has also increased its interest rates. Central Bank of India is giving its customers the benefit of 2.75 percent interest rate on FDs of 7 to 14 days. Whereas on FD of 1 to 2 years, you will get the benefit of 5.25 percent interest rate. At the same time, 5.35 percent interest is being given to customers on FDs ranging from 3 to 5 years.
