ICICI Bank private lender has raised permanent deposit interest rates for several tenates with 5 basis points, the bank has said on its website. The new ICICI Bank FD interest rate came into force since June 22, Wednesday. ICICI Bank’s permanent deposit rate has increased twice a week with the latest updates, according to the lending website. The new ICICI Bank FD interest rate came when the Reserve Bank of India increased the REPO level by 50 basis points during the meeting of the two -monthly monetary policy committee.
According to the ICICI Bank website, the new FD interest rate applies to deposits under RS 2 Crore. The leading private lender now offers interest rates between 2.75 percent to 5.75 percent of time deposits under Crore 2 Hospital and with a term of office between seven days and 10 years. With the latest increase, FD ICICI Bank interest rate for mature deposits between 185 days to less than one year has increased by 5 basis points to 4.65 percent, while the same has increased from 5.30 percent to 5.35 percent for tenor between one year and two years.
The following are the revised interest rates in a fixed deposit under RS 2 Crore at ICICI Bank Effective starting June 22, 2022:
7 days to 14 days: for the general public – 2.75 percent; For senior citizens – 3.25 percent
15 days to 29 days: for the general public – 2.75 percent; For senior citizens – 3.25 percent
30 days to 45 days: for the general public – 3.25 percent; For senior citizens – 3.75 percent
46 days to 60 days: for the general public – 3.25 percent; For senior citizens – 3.75 percent
61 days to 90 days: for the general public – 3.25 percent; For senior citizens – 3.75 percent
91 days to 120 days: for the general public – 3.75 percent; For senior citizens – 4.25 percent
121 days to 150 days: for the general public – 3.75 percent; For senior citizens – 4.25 percent
151 days to 184 days: for the general public – 3.75 percent; For senior citizens – 4.25 percent
185 days to 210 days: for the general public – 4.65 percent; For senior citizens – 5.15 percent
211 days to 270 days: for the general public – 4.60 percent; For senior citizens – 5.10 percent
271 days to 289 days: for the general public – 4.60 percent; For senior citizens – 5.10 percent
290 days to less than 1 year: for the general public – 4.60 percent; For senior citizens – 5.10 percent
1 year to 389 days: for the general public – 5.35 percent; For senior citizens – 5.85 percent
390 days to less than 15 months: for the general public – 5.35 percent; For senior citizens – 5.85 percent
15 months to less than 18 months: for the general public – 5.35 percent; For senior citizens – 5.85 percent
18 months to 2 years: for the general public – 5.35 percent; For senior citizens – 5.85 percent
2 years 1 day to 3 years: for the general public – 5.50 percent; For senior citizens – 5.85 percent
3 years 1 day to 5 years: for the general public – 5.70 percent; For senior citizens – 6.20 percent
5 years 1 day to 10 years: for the general public – 5.75 percent; For senior citizens – 6.50 percent.