The new interest rate is for Fds of more than 2 crores and less than 5 crores.
ICICI bank has hiked the fixed deposit FD interest rate by 1.5%. the new rate will be applicable from February 8.
The bank is now offering a minimum interest return of 4.5 0% and a maximum of 7.15% to the general public. The same will be applicable for senior citizens.
According to ICICI bank website information, the bank has increased the interest rate on fds of 7-29 days from 3% to 4.50%, which is a hike of 1.5%.
The interest rate on FDs of 30-45 days has been increase 5.25% which was earlier at 3.5 0%.
The interest rate on FDS 46-60 days has been hiked from 4% to 5.5 0%.
for 61 to 90 days from 4.550% to 5.75% for 91 to 184 days FD rate has been increased from 4.75 to 6.25%.
The interest rate on fds of 1 year to less than 15 months has now been reduced to 7.10%, 15 months to 2 years to 7.1 5%. fds of 2 years one day to 3 years to 7%.
The interest rate on fds ranging from 3 years one day to 10 years has been reduced to 6.75% FD interest rate for 5 years one day to 10 years reduced to 6.75%.
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