Private sector lender, ICICI Bank has hiked its fixed deposit rates by 5 to 10 basis points from Thursday. Interest rates raised for bulk deposits above 2 crore 5 crore and on tenure of more than 1 year.
from today onwards, ICICI Bank Offers 4.35% interest rate on tenure of 1 year to 389 days as compared to previous 4.30%. Also, the bank has increased the rates by 390 basis points in 5 days to less than 15 months and is offering a rate of 4.35% to 4.30%.
The interest rate on FDs was increased by 5 basis points on 15 months to 4.45% from the previous 4.40% for tenures less than 18 months.
However, the bank increased the interest rate on FDs from 18 months to 2 years by 10 basis points to 4.60%, while on deposits maturing from 2 years 1 day to 3 years, the rate was increased by 10 basis points to 4.70%.
In addition, the interest rate on FDs of 3 years 1 day to 5 years and 5 years 1 day to 10 years has been increased by 10 basis points to 4.80%. Earlier, the interest rate on these tenors was 4.70%.
At the same time, there has been no change in the interest rates on FDs maturing less than 1 year.
A rate of 2.5% is offered on maturities of 7 days to 14 days and 15 days to 29 days, while the rate of 2.75% is offered on maturities of 30 days to 45 days and 46 days to 60 days.
A 3% interest rate is offered on deposits maturing from 61 days to 90 days, while 3.35% is offered on deposits maturing from 91 days to 184 days. Also, the interest rate on deposits from 185 days to 270 days is 3.6%, while the rate of 3.80% is offered on deposits from 271 days to less than 1 year.
The above interest rates are applicable to both general and senior citizen categories.