After SBI and HDFC Bank, ICICI Bank raised mounted deposit (FD) passion rates on retail deposits of up to Rs 2 crore. The monetary institution has hiked passion rates by up to 50 foundation aspects (bps) on make a selection tenures. ICICI Bank now presents passion rates ranging from 3.5% to 7.10% on mounted deposits maturing between 7 days and 10 years for long-established voters. The new FD rates will come into kind on February 24, 2023, based fully mostly on the ICICI Bank web build.
After the hike, ICICI Bank presents a 3% passion rate on mounted deposits maturing between 7 days and 29 days and a 3.50% passion on mounted deposits maturing between 30 days and forty five days. Deposits will now impact a 4.25% passion rate on tenure held between 46 days and 60 days. For mounted deposits maturing between 91 days and 184 days, the monetary institution will offer an passion rate of 4.75%. Deposits maturing between 185 days and 270 days will now impact 5.75%, whereas deposits maturing between 271 days and lower than 1 yr days will now impact a 6% passion rate.
Also read: Latest Bank Mounted Deposit (FD) Hobby Charges in India for 2023
The monetary institution will now offer a 6.70% passion rate on deposits maturing between one yr and lower than 15 months. ICICI Bank now presents the ideal passion rate of seven.10% on FDs maturing between 15 months and lower than 2 years. For deposits maturing between two years and a day and 5 years, the monetary institution presents a 7% passion rate.
FDs maturing between five years and in some unspecified time in the future and 10 years will impact an passion rate of 6.9%.
On tax-saving mounted deposits the monetary institution presents an passion rate of seven% for long-established voters.
| ICICI Bank FD passion rates | ||
| Tenure | Unprecedented | Senior Citizen |
| 7 days to 14 days | 3.00% | 3.50% |
| 15 days to 29 days | 3.00% | 3.50% |
| 30 days to forty five days | 3.50% | 4.00% |
| 46 days to 60 days | 4.25% | 4.75% |
| 61 days to 90 days | 4.50% | 5.00% |
| 91 days to 120 days | 4.75% | 5.25% |
| 121 days to 150 days | 4.75% | 5.25% |
| 151 days to 184 days | 4.75% | 5.25% |
| 185 days to 210 days | 5.75% | 6.25% |
| 211 days to 270 days | 5.75% | 6.25% |
| 271 days to 289 days | 6.00% | 6.50% |
| 290 days to lower than 1 yr | 6.00% | 6.50% |
| 1 yr to 389 days | 6.70% | 7.20% |
| 390 days to 15 months | 6.70% | 7.20% |
| 15 months to 18 months | 7.10% | 7.60% |
| 18 months to 2 years | 7.10% | 7.60% |
| 2 years 1 day to a number of years | 7.00% | 7.50% |
| 3 years 1 day to five years | 7.00% | 7.50% |
| 5 years 1 day to 10 years | 6.90% | #7.50% |
| 5 Years (80C FD) – Max to `1.50 lac | 7.00% | 7.50% |
Senior Citizen FD rates
Put up revision, ICICI Bank presents the ideal passion rate of seven.6% on mounted deposits maturing between 15 months and lower than 2 years.
ICICI Bank Golden Years FD Hobby Charges
Below ICICI Bank Golden Years FD, senior citizen potentialities will obtain a additional passion rate of 0.10% over the present extra rate of 0.50% each year for FDs maturing between five years and in some unspecified time in the future and 10 years. This plan is decent till April 7, 2023.
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