New Delhi: The most common way of expanding the interest rates of fixed deposits go on constantly. Many banks are presently offering more interest rates on FD than previously. Private area monster ICICI Bank is additionally expanding FD interest rates persistently. By and by the bank has reported an expansion in interest rates.
As per the ICICI Bank site, the interest rates on FDs of different tenors going from Rs 2 crore to Rs 5 crore have been expanded by 10 premise focuses for example 0.10 percent. The new paces of the bank have become compelling from April 28, 2022.
FDs with 5 premise point maturity
This private area bank will currently give 4.35 percent premium on deposits from 1 year to 389 days. Prior it was 4.3 percent. Essentially, the pace of interest rates on FDs from 390 days to under 15 months has likewise been expanded to 4.35 percent. While, FDs with maturity of over 15 months and under year and a half are presently being offered 4.45 percent premium rather than 4.4 percent prior.
FDs with 10 premise point increases
The bank is presently giving 0.10 percent more premium on FDs with a tenor of year and a half to 2 years. Prior it was 4.5 percent which has been expanded to 4.6 percent. The interest rates on deposits with maturity going from 2 years 1 day to 3 years has gone up to 4.7 percent. Essentially, the interest rates on fixed deposits of 3 years 1 day to 5 years and 5 years 1 day to 10 years has been expanded by 10 premise focuses to 4.8 percent.
The interest rates for general and senior residents have been kept something similar. Since January this year, the bank has expanded interest rates a few times.
