ICICI Bank FD Interest Rate Hike: Leading private sector lender ICICI Bank, which is the second largest private bank in India, has once again increased the rates of interest on its fixed deposits, or FDs. The ICICI FD Interest rate hike has come into effect from Tuesday, June 7. The new ICICI Bank FD interest rate comes at a time when the Reserve Bank of India is conducting its bi-monthly Monetary Policy Committee meeting, where it is likely to increase the repo rates further to control rising inflation in the country.
The latest ICICI Bank FD interest rates are applicable on deposits above Rs 2 crore and up to Rs 5 crore at the bank. The ICICI Bank FD interest rates have been hiked for Domestic, NRO and NRE deposits, the bank has said on its website. The senior citizen rates are only applicable for domestic FDs, the bank added in a note.
Here are the revised interest rates on fixed deposits above Rs 2 crore up to Rs 5 crore at ICICI Bank from June 7, 2022:
7 days to 14 days: For General Public – 3.00 per cent; For Senior Citizens – 3.00 per cent
15 days to 29 days: For General Public – 3.00 per cent; For Senior Citizens – 3.00 per cent
30 days to 45 days: For General Public – 3.25 per cent; For Senior Citizens – 3.25 per cent
46 days to 60 days: For General Public – 3.25 per cent; For Senior Citizens – 3.25 per cent
61 days to 90 days: For General Public – 3.40 per cent; For Senior Citizens – 3.40 per cent
91 days to 120 days: For General Public – 4.25 per cent; For Senior Citizens – 4.25 per cent
121 days to 150 days: For General Public – 4.25 per cent; For Senior Citizens – 4.25 per cent
151 days to 184 days: For General Public – 4.25 per cent; For Senior Citizens – 4.25 per cent
185 days to 210 days: For General Public – 4.50 per cent; For Senior Citizens – 4.50 per cent
211 days to 270 days: For General Public – 4.50 per cent; For Senior Citizens – 4.50 per cent
271 days to 289 days: For General Public – 4.70 per cent; For Senior Citizens – 4.70 per cent
290 days to less than 1 year: For General Public – 4.70 per cent; For Senior Citizens – 4.70 per cent
1 year to 389 days: For General Public – 4.95 per cent; For Senior Citizens – 4.95 per cent
390 days to less than 15 months: For General Public – 4.95 per cent; For Senior Citizens – 4.95 per cent
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15 months to less than 18 months: For General Public – 5.00 per cent; For Senior Citizens – 5.00 per cent
18 months to 2 years: For General Public – 5.00 per cent; For Senior Citizens – 5.00 per cent
2 years 1 day to 3 years: For General Public – 5.25 per cent; For Senior Citizens – 5.25 per cent
3 years 1 day to 5 years: For General Public – 5.25 per cent; For Senior Citizens – 5.25 per cent
5 years 1 day to 10 years: For General Public – 5.25 per cent; For Senior Citizens – 5.25 per cent
The latest ICICI Bank FD rates come days after the bank hiked the same for deposits over Rs 2 crore and under Rs 5 crore. If the RBI further increases its repo rates during the MPC meets, more such hikes are likely to be announced.
