Latest FD rates: ICICI Bank, HDFC Bank revise interest rates on these fixed deposits Similarly, HDFC Bank has also revised its FD rates for amounts more than Rs 5 crore. Read below to know the latest FD interest rates for ICICI Bank and HDFC Bank
Private sector lender, ICICI Bank, has revised the interest rates on fixed deposits of Rs 2 crore to up to Rs 5 crore with effect from December 5, 2023. The lowest rate of 4.75% is offered for a tenure between 7 days and 14 days, and the highest FD rate of 7.25% is offered for a tenure between 390 days and 15 months, according to ICICI Bank’s website.HDFC Bank has also revised their fixed deposit (FD) rates on amounts above Rs 5 crore, effective December 5, 2023.
ICICI Bank Fixed Deposit ratesICICI Bank is offering an interest rate of 4.75% for FD between Rs 2 crore and Rs 5 crore for a tenure of 7 days to 14 days. For a tenure between 30 and 45 days, ICICI Bank offers an interest rate of 5.5%. For a tenure between 46 and 60 days ICICI Bank is offering 5.75%. For a tenure between 61 to 90 days ICICI Bank is offering 6% interest.
For a tenure between 91 days and 120 days, ICICI Bank is offering 6.5% interest. The bank is offering 6.5% for an FD of tenure between 121 days and 150 days. For a tenure between 271 days and 289 days ICICI Bank is offering an interest rate of 6.75%. For a tenure of 1 year to 389 days, ICICI Bank is offering 7.25%.
One point of distinction between FDs for an amount below Rs 2 crore and more than Rs 2 crore but less than Rs 5 crore is that ICICI Bank does not offer any extra interest rate for senior citizens.
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Maturity PeriodInterest rates (per cent per annum) w.e.f. October 16, 2023Interest rates (per cent per annum) w.e.f. December 05, 2023Single deposit of less than ₹2 CroresSingle deposit of ₹2 Crores & above but less than ₹5 CroresGeneral Citizen Interest RatesSenior Citizen Interest RatesGeneral Citizen Interest RatesSenior Citizen Interest Rates7 days to 14 days3.00%3.50%4.75%4.75%15 days to 29 days3.00%3.50%4.75%4.75%30 days to 45 days3.50%4.00%5.50%5.50%46 days to 60 days4.25%4.75%5.75%5.75%61 days to 90 days4.50%5.00%6.00%6.00%91 days to 120 days4.75%5.25%6.50%6.50%121 days to 150 days4.75%5.25%6.50%6.50%151 days to 184 days4.75%5.25%6.50%6.50%185 days to 210 days5.75%6.25%6.65%6.65%211 days to 270 days5.75%6.25%6.65%6.65%271 days to 289 days6.00%6.50%6.75%6.75%290 days to less than 1 year6.00%6.50%6.75%6.75%1 year to 389 days6.70%7.20%7.25%7.25%390 days to 6.70%7.20%7.25%7.25%15 months to 7.10%7.65%7.05%7.05%18 months to 2 years7.10%7.65%7.05%7.05%2 years 1 day to 3 years7.00%7.50%7.00%7.00%3 years 1 day to 5 years7.00%7.50%7.00%7.00%5 years 1 day to 10 years6.90%#7.50%7.00%7.00%5 Years (80C FD) – Max to `1.50 lac7.00%7.50%NANA
Source: ICICI Bank website
HDFC Bank Fixed Deposit rates
Here is a look at HDFC Bank’s domestic/NRE/NRO term deposit interest rates for amounts greater than or equal to Rs 5 crore, effective December 5, 2023, as per the bank’s official website.
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This story originally appeared on: India Times - Author:Faqs of Insurances
