New Delhi: India’s second largest private bank, ICICI Bank has once again increased the interest rates on its fixed deposits, or FDs. ICICI FD interest rate has been extended till Tuesday, June 7. The new ICICI Bank FD interest rate comes as the Reserve Bank of India conducts its bi-monthly Monetary Policy Committee meeting, where it is expected to raise the repo rates even more. Fighting rising inflation.
The current ICICI Bank FD interest rates are applicable on deposits above Rs 2 crore and below Rs 5 crore. According to the bank’s website, ICICI Bank FD interest rates for domestic, NRO and NRE deposits have been increased. According to the bank, senior citizen rates are available only on domestic FDs. Read more: Debt borrowers beware! Be prepared to pay higher EMIs as HDFC Bank hikes lending rates
7 days to 14 days: for general public – 3.00 percent; For senior citizens – 3.00 percent
15 days to 29 days: for general public – 3.00 percent; For senior citizens – 3.00 percent
30 days to 45 days: for general public – 3.25 percent; For senior citizens – 3.25 percent
46 days to 60 days: for general public – 3.25 percent; For senior citizens – 3.25 percent
61 days to 90 days: for general public – 3.40 percent; For senior citizens – 3.40 percent
91 days to 120 days: for general public – 4.25 percent; For senior citizens – 4.25 percent
121 days to 150 days: for general public – 4.25 percent; For senior citizens – 4.25 percent
151 days to 184 days: for general public – 4.25 percent; For senior citizens – 4.25 percent
185 days to 210 days: for general public – 4.50 percent; For senior citizens – 4.50 percent
211 days to 270 days: for general public – 4.50 percent; For senior citizens – 4.50 percent
271 days to 289 days: for general public – 4.70 percent; For senior citizens – 4.70 percent
290 days to less than 1 year: for general public – 4.70 percent; For senior citizens – 4.70 percent
1 year to 389 days: for general public – 4.95 percent; For senior citizens – 4.95 percent
390 days to less than 15 months: for general public – 4.95 percent; For senior citizens – 4.95 percent
15 months to less than 18 months: for general public – 5.00 percent; For Senior Citizens – 5.00 percent
18 months to 2 years: for general public – 5.00 percent; For Senior Citizens – 5.00 percent
2 years 1 day to 3 years: for general public – 5.25 percent; For senior citizens – 5.25 percent
3 years 1 day to 5 years: for general public – 5.25 percent; For senior citizens – 5.25 percent
5 years 1 day to 10 years: for general public – 5.25 percent; For senior citizens – 5.25 percent
The new ICICI Bank FD rates come just days after the bank raised its deposit rates for deposits above Rs 2 crore but less than Rs 5 crore. If RBI further hikes its repo rates during MPC meetings, further hike may be announced.
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