ICICI Bank hikes fixed deposit interest rate by 1.5%

ICICI Bank FD interest rate hike: The new interest rate is for FDs of more than Rs 2 crores and less than Rs 5 crores

ICICI Bank FD interest rate hike, Pic- Reuters

ICICI Bank FD interest rate hike: Private sector lender ICICI Bank has hiked the Fixed Deposit (FD) interest rate by 1.5 per cent. The new rate will be applicable from today, February 8. The bank is now offering a minimum interest return of 4.50 per cent and a maximum of 7.15 per cent to the general public. The same will be applicable for senior citizens. The new interest rate is for FDs of more than Rs 2 crores and less than Rs 5 crores.

Also Read: ICICI Bank is hiring for various positions across India– check details

ICICI Bank interest rate on FDs of 7-29 days increased by 1.5 per cent

According to the information available on the website of ICICI Bank, the bank has increased the interest rate on FDs of 7-29 days from 3 per cent to 4.50 per cent which is a hike of 1.5 per cent. The interest rate on FDs of 30-45 days has been increased to 5.25 per cent, which was earlier 3.50 per cent.

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The interest rate on FDs of 46-60 days has been hiked from 4 per cent to 5.50 per cent, for 61-90 days from 4.50 per cent to 5.75 per cent, for 91-184 days the FD rate has been increased from 4.75 per cent to 6.25 per cent. The rate has been increased to 6.50 per cent on 185-270 days, interest on FDs ranging from 271 days to less than 1 year has now become 6.65 per cent.

Also Read: ICICI Bank offers up to 7% interest on Recurring Deposit

ICICI Bank Interest rate reduced on FD from 3 years to 10 years

The interest rate on FDs of 1 year to less than 15 months has now been reduced to 7.10 percent, 15 months to 2 years to 7.15 percent, FDs of 2 years, 1 day to 3 years to 7 percent. The interest rate on FDs ranging from 3 years 1 day to 10 years has been reduced to 6.75 percent. FD interest rate for 5 years 1 day to 10 years reduced to 6.75 per cent.

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