According to the official website of ICICI Bank, the new rates are effective from October 15, 2022. After this change, ICICI Bank is now offering an interest rate of 3.75% to 6.25% on FDs maturing in 7 days to 10 years.
New Delhi. After the increase in the repo rate by the Reserve Bank, almost all the banks have started increasing the interest rates. Along with increasing the interest rate on loans, banks are also increasing the interest rates on deposits. Meanwhile, private sector bank ICICI Bank has changed the interest rates on FDs of more than Rs 2 crore but less than Rs 5 crore. According to the official website of ICICI Bank, the new rates are effective from October 15, 2022.
After this change, ICICI Bank is now offering an interest rate of 3.75 percent to 6.25 percent on FDs maturing in 7 days to 10 years. At the same time, the bank is offering a maximum interest rate of 6.50 percent on FDs, which will be available on deposits maturing in 3 years.
These will be the new rates of interest on FDs
ICICI Bank will now give an interest rate of 3.75 percent for FDs maturing in 7 to 29 days and 4.75 percent for FDs maturing in the next 30 to 45 days. Whereas, deposits maturing between 46 and 60 days will get interest at the rate of 5.00% and deposits maturing between 61 and 90 days will get interest at the rate of 5.25%.
Maximum interest rate on FD will be 6.50%
Bank will now pay interest @ 5.50% on FDs maturing in 91 days to 184 days and 5.75% on deposits maturing in 185 days to 270 days whereas 271 days or one year 6% on deposits maturing in less than a year and 6.50% on deposits maturing in one year and up to 389 days. The interest rate on FDs maturing in 390 days to 2 years will be 6.45%, and on deposits maturing in the next 2 years, 1 day to 3 years, the interest rate will be 6.50%.
Additional interest will be available under Golden Years FD Program
Let us tell you that the expiry date of Golden Years FD, a special FD program run by ICICI Bank for senior citizens, has also been extended from September 30, 2022 to October 31, 2022. Under the Golden Years Program of ICICI Bank, the additional interest rate available to senior citizens has also been increased by 0.10%. The existing additional interest rate on FDs of 5 years, 1 day to 10 years is being given to senior citizens in the bank, at the rate of 0.50%.
Senior citizens will get additional interest rate
ICICI Bank now offers an interest rate of 6.00% on FDs maturing in 5 years, 1 day to 10 years. Senior citizens will now get an interest rate of 6.60%, which is 60 basis points higher than the standard rate.
