ICICI Bank hikes FD interest rates by up to 5 bps; offers highest interest fixed deposit rate of 7.8% For individuals, the highest interest rate on FDs can go up to 7.25%
ICICI Bank has increased its fixed deposit (FD) interest rates. The revised FD rates are applicable for FDs of up to Rs 3 crore. The bank offers the highest interest rate of 7.80% for senior citizens. For individuals, the highest interest rate on FDs can go up to 7.25%.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
Latest ICICI Bank FD rates
ICICI Bank offers a 3% interest rate for FDs maturing between 7 days and 29 days. FDs maturing between 30 days and 45 days will fetch you an interest rate of 3.5%. For FDs maturing between 46 days and 60 days, the bank offers an interest rate of 4.25%.Earn up to 7.9% FD rate: 5 banks revise fixed deposit interest rates in August 2024
FDs maturing between 61 days and 90 days will get an interest rate of 4.5%. FDs maturing between 91 days and 184 days will fetch you an interest rate of 4.75%. FDs maturing between 185 days and 270 days will get you an interest rate of 5.75%. FDs maturing between 271 days and less than one year will get an interest rate of 6%. FDs maturing between one year and less than fifteen months will get an interest rate of 6.7%.
The bank increased its FD interest rate by 5 basis points on tenure of 15 months to two years, it will earn the highest rate of 7.25%, up from 7.20%. The bank has also hiked on tenure 18 Months to 2 Years from 7.20% to 7.25%.
FDs maturing between two years one day and five years will fetch you an interest rate of 7%. FDs maturing between five years one day and ten years will get an interest rate of 6.9%.
TenureGeneral Citizen7 to 29 Days3.00%30 to 45 Days3.50%46 to 60 Days4.25%61 to 90 Days4.50%91 to 184 Days4.75%185 to 270 Days5.75%271 Days to 6.00%1 Year to 6.70%15 Months to 7.25%18 Months to 2 Years7.25%2 Years 1 Day to 5 Years7.00%5 Years 1 Day to 10 Years6.90%5Y (Tax Saver FD)7.00%
Special rates for senior citizens
Senior Citizens get an extra 0.55% interest for FDs (less than Rs. 3 crore) with a tenure of 15 months to 18 months.
TenureSenior Citizen
7 to 29 Days3.50%30 to 45 Days4.00%46 to 60 Days4.75%61 to 90 Days5.00%91 to 184 Days5.25%185 to 270 Days6.25%271 Days to 6.50%1 Year to 7.20%15 Months to 7.80%18 Months to 2 Years7.75%2 Years 1 Day to 5 Years7.50%5 Years 1 Day to 10 Years7.40%5Y (Tax Saver FD)7.50%
FD with premature withdrawal
Penalties for premature withdrawal are applicable as mentioned below:
Original Tenure of DepositPenal Rates* Less than ₹5.0 crore₹5.0 crore & above Less than 1 year0.50%0.50%1 year & above but less than 5 years1.00%1.00% 5 years and above1.00%1.50% Source: Bank website #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
This story originally appeared on: India Times - Author:Faqs of Insurances
