ICICI Bank, one of the main non-public area lenders, has revised the hobby price on bulk constant deposits for deposits of greater than ₹2 crore and much less than ₹five crore. According to the financial institution`s reputable website, the brand new charges will take impact on December 7, 2022. Following the revision,

the financial institution is presently offering an hobby price on deposits that mature in 7 days to ten years that degrees from 4.00% to 6.50%. This ICICI Bank hobby price adjustment accompanied the RBI’s statement of a 35 foundation factor boom withinside the repo price. As a result, the coverage repo price rose to 6.25%, that is the very best stage considering the fact that August 2018.

ICICI Bank Bulk FD Rates

The financial institution now gives an hobby price of 4.00% on deposits that mature withinside the subsequent 7 to 29 days and 4.75% on deposits that mature withinside the subsequent 30 to forty five days. Current hobby

charges presented via way of means of ICICI Bank are five.00% for deposits maturing in forty six to 60 days and five.50% for deposits maturing in sixty one to ninety days. Deposits that mature among ninety one and 184 days will earn hobby at a price of five.75%, at the same time as deposits that mature among 185 and 270 days will earn hobby at a price of 6.00%.

On deposits maturing in 271 days to much less than 1 12 months, the financial institution is providing an hobby price of 6.25% and on the ones maturing in 1 12 months to fifteen months, ICICI Bank is providing an hobby price of 6.75%. Current hobby charges presented via way of means of ICICI Bank are 6.80% for deposits maturing in 15 months to three years and 6.50% for deposits maturing in three years, 1 day to ten years.

On November 16, 2022, ICICI Bank final changed its hobby charges for deposits under ₹2 crore. For senior residents (the ones over 60 years old), ICICI Bank presents hobby charges as excessive as 7.10% p.a., and for non-senior citizens, as much as 6.60% p.a.

Depositors might also additionally expect an ICICI Bank FD for confident and assured returns due to the fact it’s miles one of the most secure FDs and is rated “AAA.” For new ICICI Bank Fixed Deposits in addition to renewals of present day Fixed Deposits, those revised hobby charges can be in impact.

The minimal to begin a home FD is ₹10,000, the minimal to open an NRO or NRE time period deposit is ₹25,000 and senior citizen charges are most effective to be had for home time period deposits. In contrast, ICICI Bank employees (such as retired employees) could get hold of an extra 1% in hobby on home deposits under ₹2 crore.