With the Reserve Bank of India (RBI) raising the repo rate, ICICI Bank has already announced an increase in its FD interest rates. ICICI Bank has implemented the hiked interest rates from June 7. Let us know the latest interest rates.
Information provided by the bank
According to the bank, it has hiked interest rates on FTs from Rs 2 crore to Rs 5 crore. ICICI Bank now offers higher interest rates on FTs ranging from 7 days to 5 years. This decision of the bank will be of great benefit to the customers.
ICICI Bank’s latest interest rates are as follows:
General customers and senior citizens will receive 3.00 per cent interest on FDs ranging from 7 days to 14 days.
General customers and senior citizens will receive an interest rate of 3.00% per annum on FDs that mature in 15 to 29 days.
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The bank will now offer 3.25 per cent interest to all customers on fixed deposits of 30 days to 45 days and 46 to 60 days.
For FDs that mature in 61 to 90 days, both regular customers and senior citizens will receive an interest rate of 3.40 percent per year.
For FTs maturing in 91 to 120 days, both ordinary customers and senior citizens will receive 4.25 percent interest.
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For FDs ranging from 121 days to 150 days, the bank will offer 4.25 per cent interest on both general customers and senior citizens.
For FDs that mature in 151 to 184 days
4.25 per cent interest is available.
FDs that mature in 151 to 184 days earn 4.25 percent interest.
For fixed deposits of 185 to 210 days and 211 to 270 days, – Bank regular customers and senior citizens will receive 4.50 per cent interest.
For FTs ranging from 271 days to 1 year, both regular customers and senior citizens will receive 4.70 percent interest.
FDs made for 1 year to 389 days earn 4.95% interest.
For FDs ranging from 390 days to less than 15 months, regular customers and senior citizens will receive 4.95 percent interest.
General customers and senior citizens will receive 1 5.00 percent interest on FDs that mature between 5 months and 18 months.
All customers will receive an interest rate of 5% per annum on FDs maturing from 18 months to two years.
Ordinary customers and senior citizens will receive an interest rate of 5.25 per cent for FTs ranging from two years 1 day to 3 years and 3 years one day to 5 years.
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