CICI FD Rates: Good news has come out for the customers of ICICI Bank. The bank has changed the interest rates on fixed deposits.

FD Rates: ICICI Bank gave a gift to customers, increased FD interest rates
ICICI FD Rates: The largest private sector bank ICICI has given a gift to its customers. The bank has changed the rates of fixed deposits. The new rates have become effective from 10 March 2022. ICICI Bank has changed the interest rates for different tenures on FDs above Rs 2 crore.

will get so much interest

ICICI Bank‘s deposits of more than 2 crores and up to 5 crores with a tenure between 3 years to 10 years will get 4.6% interest on the maximum FD rate. The benefit of this change will be more for those customers who have held fixed deposits for three years or more. Whereas, on FDs of more than two years but less than three years, customers will get 4.50% interest. 4.2% interest will be paid on deposits of 15 months or more but less than 18 months. Customers will get 4.3% interest on FDs of 18 months or less than two years. The interest rate on FDs of 1 year to 15 months will be 4.15 percent. Whereas interest rates on fixed deposits less than 1 year range from 2.5 to 3.7 percent.

ICICI Bank has revised interest rates on fixed deposits above Rs 5 crore. However, there was no change in the rates of less than two crores. The new rates will be applicable to NRO and NRE.

SBI also increased interest rates

At the same time, SBI has also increased the interest rates of FD. There has been an increase of 20 basis points from 211 days to less than a year. 3.30% interest will be given on these. On the other hand, senior citizens will get 3.80% interest. At the same time, the interest rate on FDs up to 10 years has been reduced to 3.60 percent. The new rates will be applicable on renewal of old FD and opening of new FD.