ICICI Bank FD Rates Hike: This time when the Monetary Policy Committee meeting of the Reserve Bank of India was held, there was no increase in the repo rate. In such a situation, people were feeling that there might be a decline in the interest received on fixed deposit scheme. However, on the contrary, ICICI Bank has increased its interest rates on large amount fixed deposit schemes. For your information, let us tell you that ICICI Bank has increased the interest on bulk fixed deposits i.e. schemes in which deposits are more than Rs 2 crore and less than Rs 5 crore, to 7.4 percent.
For your information, let us tell you that ICICI Bank is also offering bulk fixed deposits of 7 days to 10 days. However, the highest interest is being given by the bank on the fixed deposit scheme maturing in 1 year 389 days. During this period, the bank is offering 7.4 percent interest to both customers and senior citizens.
If you are investing money in ICICI Bank’s fixed deposit scheme for 7 to 14 days or 15 to 29 days, then you will be given interest at the rate of 4.75 percent.
Whereas if you choose a fixed deposit scheme of 30 to 45 days, then the interest rate increases to 5.5 percent.
If we talk about FD of 46 to 60 days, then you get interest at the rate of 5.75 percent. The bank is giving an interest rate of 6 percent on the fixed deposit scheme of 61 to 90 days.
Whereas if you have invested money in fixed deposit scheme from 121 days to 150 days and from 151 days to 184 days, then you will get an annual interest rate of 6.5 percent from ICICI Bank.
If you have taken fixed deposit scheme for 185 days to 210 days and 211 days to 270 days, then you are being given interest at the rate of 6.85 percent.
Whereas if you want the highest interest rate, then you will have to invest in a fixed deposit scheme of 1 year and 389 days, on which you are being given interest at the rate of 7.40 percent.
Apart from this, Axis Bank has also increased the interest rate on fixed deposits by Rs 2 crore. This new interest rate has been implemented by Axis Bank from February 5.
Apart from this, IndusInd Bank has also improved the interest rates. But this interest rate will be applicable only on HDFCs which are worth more than Rs 200 crore. Through this bank, senior citizens are getting the lowest interest rate of 4 percent and the highest interest rate up to 8.25 percent. At the same time, interest rates ranging from 3.5 percent to 7.5 percent are being given by this bank to the general public.
