After increasing the repo rate by RBI, many private and government banks have not only made taking loans expensive, but on the other hand customers are also getting good news. Now banks are increasing their fixed deposit rates. Recently, Axis Bank, UBI and Indian Overseas Bank had given big relief to their customers and increased the rates of fixed deposits.
In this connection, now private sector ICICI Bank has also increased its interest rates. If you have an account with ICICI Bank, then first know here how much the bank has increased its FD interest rates.
Bank increased interest rates on FD
The bank has increased the interest rate by 25 basis points on FDs of less than Rs 2 crore. Although these interest rates have come into effect from September 26, but the increased interest rates on FDs above Rs 2 crore and less than Rs 5 crore are going to be applicable from today.
According to the official website of Union Bank of India, 3 percent interest is available on FDs from 7 days to 45 days, while 4.05 percent interest is available on 46 days to 90 days. Customers get 4.10 percent interest on FDs of 91 days to 180 days. The bank said that 4.60 percent interest is available for the period from 181 days to less than 1 year.
UBI customers get 5.35 per cent interest on FDs with tenures of 1 year, 5.45 per cent on FDs of 1 year to 2 years and 5.50 on FDs of 2 years to 749 days and 615 per cent on FDs of 750 days.
Bank of Baroda had also revised
Bank of Baroda has also changed the FD rates. The bank gives 3% interest on a period of 7 days to 45 days. At the same time, 4 percent interest is available on FDs with a tenure of 46 days to 180 days. Customers of the bank will get 4.65 per cent interest on term deposits with a tenure of less than 181 days to 1 year.
The bank said that customers will get 5.50 percent interest on FDs with a tenure of up to 1 year. Earlier customers used to get 5.30 percent interest on this. The bank gives 5.50 per cent interest for tenures less than 2 years. Deposits with tenures ranging from 2 years to 3 years earn 5.55 per cent and deposits with tenures ranging from 3 years to 10 years earn 5.65 per cent interest.
