ICICI Bank of the private sector has recently increased the interest rate on fixed deposits. The bank is giving interest of up to 7.60 per cent to senior citizens. The interest rate has been increased for retail deposits of less than Rs 2 crore as well as bulk deposits of more than Rs 2 crore.
According to the information available on the bank’s website, the change in interest rate for retail FDs is applicable from February 24, while the interest for bulk deposits has been increased from February 27. Let us know in detail about the latest interest rates.
The minimum interest rate is now 3 percent
For retail term deposits of less than Rs 2 crore, the minimum interest rate is 3 per cent and the maximum interest rate is 7.10 per cent. The minimum interest rate for senior citizens is 3.50 percent and the maximum interest rate is 7.60 percent. 7 to 29 days FD interest 3%, 30-45 days FD interest 3.50%, 46-60 days FD 4.25%, 61-90 days FD 4.50%, 91-184 days FD 4.75 percent,
7% interest is available on tax saving FD
5.75 per cent is being given on FDs of 185-270 days, 6 per cent interest on FDs ranging from 271 days to less than 365 days. 6.70% interest is being received on FDs from 1 year to less than 15 months, 7.10% from 15 months to 2 years, 7% interest is being received on FDs from 2 years, 1 day to 5 years. 6.90 percent interest is being received on FDs ranging from 5 years 1 day to 10 years. 7% interest is being received on tax saving FDs of more than 5 years, whose limit is Rs 1.5 lakh.
Up to 7.60 percent interest to senior citizens
The minimum interest rate for senior citizens is 3.50 percent and the maximum interest rate is 7.60 percent. For bulk deposits of more than 2 crores and less than 5 crores, the minimum interest rate is 4.75 percent and the maximum interest rate is 7.15 percent. The minimum interest rate for senior citizens in this category is 4.75 percent and the maximum interest rate is 7.15 percent.
