ICICI Bank Update: In the last days, Axis Bank, UBI and Indian Overseas Bank had increased the FD rate, giving relief to the customers. Now ICICI Bank has announced to increase the interest rate.
ICICI Bank FD Rates: In the last days, the Reserve Bank had increased the repo rate three times to control inflation. During this period it had increased by 1.40 percent. After this, private and government banks increased the interest rate on the loan. After this some banks had increased the interest rate on deposits. Along with this, banks are increasing the Fixed Deposit Rate (FD Rates). Recently, Axis Bank, UBI and Indian Overseas Bank had increased the FD rate, giving relief to the customers.
This rule came into effect from today,
Now the private sector ICICI Bank has also increased the interest rate. If your account is also in ICICI Bank, then this news will definitely give you relief. It is important for you to know how much the interest rate of FD has been increased by the bank. The bank has increased the interest rate by 25 basis points for FDs below Rs 2 crore. These rates have been implemented by the bank from 26 September. The interest rate for more than 2 crores and less than 5 crores has also been increased, which has been implemented from 27 September.
ICICI Bank new interest rates
Union Bank also increased interest rate
Earlier, Union Bank of India had also changed the interest rate. According to the bank’s website, 3 percent interest is available on FDs from 7 days to 45 days, while interest of 4.05 percent is available on 46 days to 90 days. If you make an FD from 91 days to 180 days, then you will get an interest of 4.10 percent.
4.60 percent interest on less than one year
At the same time, there is an interest of 4.60 percent for the period from 181 days to less than one year. UBI customers will get 5.35 percent interest on one-year FD. 5.45 interest will be given by the bank on the FD from one year to 2 years. Apart from this, there is an interest of 5.50 percent on FDs ranging from two years to 749 days. Similarly, there is an interest of 6.15 percent on FD of 750 days.
Recently, Bank of Baroda also changed the interest rate. Here, 4.65 percent interest will be available on term deposits with a tenor of less than one year. On the other hand, FDs with a tenure of up to one year will get an interest of 5.50 percent.
