ICICI Bank Fixed Deposit Interest Rates: Private lender ICICI Bank has become the latest bank to join a growing list of its contemporaries who have increased interest rates on fixed deposits. ICICI Bank has announced a significant revision in its fixed deposit (FD) rates for those who open such accounts with the bank, or are already holding an account there. According to the lender’s website, the new ICICI Bank FD rates have come into effect two days back. ICICI Bank has announced in a notification on its official website through a chart that displays all the schemes for fixed deposits.
ICICI Bank FD interest rate Growth — Key Details
ICICI Bank’s move to hike interest rate on fixed deposits comes close with similar decisions axis Bank, State Bank of India, Canara Bank and HDFC Bank. The new rates have come into effect from Thursday, January 20.
According to the bank’s official website, account holders will now get 2.50 percent interest for general public and 3 percent for senior citizens. Fixed deposit On deposits of less than Rs 2 crore, with maturities of seven to 29 days. The bank will offer interest rates of 3 per cent and 3.5 per cent to the general public and senior citizens for a tenure of 30 to 90 days. The bank is offering an interest rate of 5.45 per cent for five-year fixed deposits. The scheme is eligible for tax benefits under section 80C of the Income Tax Act. ICICI Bank gives 0.50 percent more interest to senior citizens as compared to the general public.
The revised interest rates on fixed deposits of less than Rs 2 crore in ICICI Bank with effect from January 20, 2022 are as follows:
7 days to 14 days: for general public – 2.50 percent; For senior citizens – 3.00 percent
15 days to 29 days: for general public – 2.50 percent; For senior citizens – 3.00 percent
30 days to 45 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
46 days to 60 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
61 days to 90 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
91 days to 120 days: for general public – 3.50 percent; For Senior Citizens – 4.00 percent
121 days to 150 days: for general public – 3.50 percent; For Senior Citizens – 4.00 percent
151 days to 184 days: for general public – 3.50 percent; For Senior Citizens – 4.00 percent
185 days to 210 days: for general public – 4.40 percent; For senior citizens – 4.90 percent
211 days to 270 days: for general public – 4.40 percent; For senior citizens – 4.90 percent
271 days to 289 days: for general public – 4.40 percent; For senior citizens – 4.90 percent
290 days to less than 1 year: for general public – 4.40 percent; For senior citizens – 4.90 percent
1 year to 389 days: for general public – 5.00 percent; For senior citizens – 5.50 percent
390 days to less than 15 months: For general public – 5.00 percent; For senior citizens – 5.50 percent
15 months to less than 18 months: for general public – 5.00 percent; For senior citizens – 5.50 percent
18 months to 2 years: for general public – 5.00 percent; For senior citizens – 5.50 percent
2 years 1 day to 3 years: for general public – 5.20 percent; For senior citizens – 5.70 percent
3 years 1 day to 5 years: for general public – 5.45 percent; For senior citizens – 5.95 percent
5 years 1 day to 10 years: for general public – 5.60 percent; For senior citizens – 6.35 percent
5 Years (80C FD) – Maximum to 1.50 Lakh: For General Public – 5.45 percent; For senior citizens – 5.95 percent
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