Bank Update – If you are also an ICICI and HDFC bank account holder then this news is for you. Actually these banks have increased the FD interest rate. Due to which the customers of these banks have become happy.
Private sector banks are constantly giving gifts to their customers. First HDFC Bank increased the interest rates on its FD, then ICICI Bank has also increased its FD Interest Rate. This increase made by the bank will benefit the customers who open FDs here. The bank has increased the interest rates on FDs ranging from Rs 2 crore to Rs 5 crore.
Highest interest on FD of 15 months-
According to the list updated on the bank’s website on February 23, ICICI Bank has increased interest rates on Bulk FDs by 0.25 per cent or 25 basis points. The new rates are applicable from 7 February. The customers who get EFI from ICICI Bank are now being given an interest rate of 4.75% to 7.15% on FDs ranging from 7 days to 10 years. The highest interest is being received on 15 months fixed deposit.
Here are the new rates after the change-
According to the new rates, ICICI Bank is offering its customers 4.75% on FDs of 7 to 14 and 15 to 29 days, 5.50% on 30 to 45 days, 5.75% on 46 to 60 days, 6% on 61 to 90 days, on FDs of ICICI Bank. 91 to 120 days and 121 to 150, 151 to 184 days 6.50%, 185 to 210, 211 to 270, 271 to 289 and 290 is paying interest at the rate of 6.65% for less than one year. Apart from this, the interest rate is 7.15% for the period of 1 year to 389 days, 390 to less than 15 months and 15 months to less than 18 months.
HDFC has also increased the rates-
Earlier, HDFC Bank also gave a gift to its customers by increasing the interest rates on FDs. From the bank, 3% on FDs of 7 days to 14 days, 3% on FDs of 15 to 29 days, 3.50% on FDs of 30 days to 45 days, 4.50% on FDs of 46 to 60 days and 61 days to 89 days. 4.50 percent interest will be available on the FD of the day. Now the bank will pay 4.50% interest on FDs from 90 days to less than 6 months, 5.75% on FDs from 6 months 1 day to less than 9 months and 6% interest on FDs from 9 months 1 day to less than 1 year. . These rates have come into effect from 15 February 2023.
Yes Bank also decided-
Apart from HDFC and ICICI Bank, Yes Bank has also increased interest rates by 25-50 basis points on FDs below Rs 2 crore. According to the information provided on the bank’s website, customers are getting interest ranging from 3.25 per cent to 7.5 per cent and 3.75 per cent to 8.00 per cent for different periods. The bank has implemented the increased interest rates on FDs from 21 February.