ICICI Bank Raises Interest Rates On FDs Between Rs 2 Crore To Rs 5 Crore: Check Latest Rates

The Reserve Bank of India on August 5, 2022 hiked the repo rate by 50 bps to Rs 5.40% to control the surging inflation.After RBI's move to hike the repo rate, many leading private and public lenders hiked interest rate on fixed deposits to make them attractive for investors.

Now ICICI Bank has increased interest rate on fixed deposits. According to ICICI Bank, the latest interest rates will be in the range of 3.50 to 5.90% for FDs maturing between 7 days to 10 years.

The leading private sector bank has hiked interest rate on FD between Rs 2 crore to 5 crore. The new interest rate has already become effective from August 26, 2022.
Fixed Deposits have emerged an ideal investment as it allows safety of your funds by offering assured returns on your FD investment.

ICICI offers regular FD, ICICI Bank Golder Years FD for resident senior citizens, money multiplier FD, and tax saver FD.

Check the revised interest rates on FDs between Rs 2 crore to Rs 5 crore effective from August 26, 2022:

Now the bank offers the minimum interest rate of 3.50% for FDs maturing in 7 days to 29 days for both general and senior citizens.

FDs maturing in 30 days to 45 days will offer an interest rate of 3.60% for both senior and general citizens.

FDs for the tenure of 46 days to 60 days can fetch an interest rate of 4.00% for senior and general citizens.

FDs for the tenor of 61 days to 90 days will offer an interest rate of 4.75% for both senior and general citizens.

FDs for the tenure of 91 days to 184 days will offer an interest rate of 5.25% interest rate for senior citizens and general citizens.

FDs for the period of 185 days to 270 days will offer an interest rate of 5.40% interest rate to senior and general citizens.

FDs maturing in 271 days to 1 year will offer an interest rate of 5.60% for both senior and general citizens.

FDs maturing in 1 year to 5 years will not offer an interest rate of 6.05% for both senior and general citizens.

FDs maturing in 5 years 1 day to 10 years can now fetch an interest rate of 5.90% for both senior citizens and general citizens.