ICICI Bank is now offering the benefit of returns on fixed deposits maturing in a period of one year to 15 months at a maximum interest rate of 7.25 per cent. According to the official website of the bank, the new bulk rates have come into effect from May 20 itself.
Let us tell you that even today, most people in the country rely only on FDs for a safe investment option. However, due to the low interest rate in FD, very few people used to invest in it. But due to the increase in the repo rate several times by the Reserve Bank of India, the interest rate on FD is being increased by the banks.
The leading private sector bank, ICICI Bank has changed the interest rate offered on fixed deposits for its customers. After the latest changes, this bank is now offering its customers an interest rate of 4.75 per cent to 6.75 per cent on FDs ranging from 7 days to 10 years.
Maximum getting so much interest
ICICI Bank is now offering the benefit of returns on Fixed Deposits maturing in a period of one year to 15 months at a maximum interest rate of 7.25 per cent. According to the official website of the bank, the new bulk rates have come into effect from May 20 itself. Let us tell you that even today, most people in the country rely only on FDs for a safe investment option. However, due to the low interest rate in FD, very few people used to invest in it. But due to the increase in the repo rate several times by the Reserve Bank of India, the interest rate on FD is being increased by the banks.
What is the interest rate on FD in ICICI Bank?
ICICI Bank is now offering an interest rate of 4.75 per cent on FDs maturing in 7 days to 29 days. On the other hand, now this bank is offering an interest rate of 5.50 per cent per annum on FDs maturing in 30 days to 45 days. On deposits of 46 days to 60 days, this bank is now giving an interest rate of 5.75 per cent to its customers. At the same time, this bank is offering 6% interest on FDs of 61 days to 90 days. This bank is now offering interest of 6.50% per annum to its customers on FDs maturing in 91 days to 184 days. On the other hand, this bank is offering an interest rate of 6.65 per cent on FDs maturing in 185 days to 270 days.
How much is the interest on FD for more than 1 year
ICICI Bank is offering an interest rate of 6.75 per cent on FDs maturing in 271 days to less than 1 year. At the same time, this bank is now offering interest at 7.25 per cent on FDs maturing in 1 year to 15 months. ICICI Bank is now offering 7% interest rate to its customers on FDs of 15 months to 2 years. On the other hand, this bank is offering interest at 6.75 per cent on FDs maturing in 2 years, 1 day to 10 years.
