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DCB Bank & ICICI Bank Alters Interest Rates On These Deposits (W.e.f. January 17, 2022)
The two major private-sector lenders DCB Bank and ICICI Bank have revised their interest rates on fixed deposits of above Rs. 2 Cr. The new rates are effective as of today, January 17th, 2022, according to the official websites of the respective banks. Domestic, NRO, and NRE deposits of more than Rs. 2 Cr maturing in 7 days to 10 years would be subject to the new rates.
DCB Bank Interest Rates On Domestic / NRO / NRE Bulk Deposits of Rs 2 Cr to Rs 5 Cr
With effect from 17th January 2022, the bank is promising the following interest rates on Domestic / NRO / NRE Bulk Deposits of Rs. 2 Cr. to less than Rs. 5 Cr.
| Tenure | Regular Interest rate (%per annum) | Non - Callable |
|---|---|---|
| 7 days to 14 days | 3.00% | - |
| 15 days to 30 days | 3.25% | - |
| 31 days to 45 days | 3.50% | - |
| 46 days to 60 days | 3.75% | - |
| 61 days to 89 days | 3.80% | 4.00% |
| 90 days to less than 6 months | 5.00% | 5.10% |
| 6 months to less than 9 months | 5.25% | 5.35% |
| 9 months to less than 12 months | 5.50% | 5.60% |
| 12 months to less than 15 months | 6.00% | 6.05% |
| 15 months to less than 18 months | 6.05% | 6.10% |
| 18 months to less than 24 months | 6.10% | 6.15% |
| 24 months | 6.10% | 6.15% |
| More than 24 months to 36 months | 5.50% | 5.60% |
| More than 36 months to 60 Months | 5.50% | 5.60% |
| More than 60 months to 120 Months | 5.50% | 5.60% |
| Source: Bank Website. W.e.f. 17th January 2022 |
DCB Bank Interest Rates On Domestic / NRO / NRE Bulk Deposits of Rs. 5 Cr. to less than Rs. 20 Cr
The bank is guaranteeing the following interest rates on Domestic / NRO / NRE Bulk Deposits of Rs. 5 Cr. to less than Rs. 20 Cr. with effect from January 17, 2022.
| Tenure | Regular Interest rate (%per annum) | Non - Callable |
|---|---|---|
| 7 days to 14 days | 3.00% | - |
| 15 days to 30 days | 3.25% | - |
| 31 days to 45 days | 3.50% | - |
| 46 days to 60 days | 3.75% | - |
| 61 days to 89 days | 3.80% | 4.00% |
| 90 days to less than 6 months | 5.00% | 5.10% |
| 6 months to less than 9 months | 5.25% | 5.35% |
| 9 months to less than 12 months | 5.50% | 5.60% |
| 12 months to less than 15 months | 6.00% | 6.05% |
| 15 months to less than 18 months | 6.05% | 6.10% |
| 18 months to less than 24 months | 6.10% | 6.15% |
| 24 months | 6.10% | 6.15% |
| More than 24 months to 36 months | 5.50% | 5.60% |
| More than 36 months to 60 months | 5.50% | 5.60% |
| More than 60 months to 120 Months | 5.50% | 5.60% |
| Source: Bank Website. W.e.f. 17th January 2022 |
ICICI Bank Bank Interest Rates On Domestic / NRO / NRE Bulk Deposits of Rs 2 Cr to Rs 5 Cr
With effect from January 17, 2022, ICICI Bank is providing the following interest rates on single domestic, NRO, and NRE deposits of Rs 2 Cr to Rs 5 Cr.
| Tenor | General | Senior Citizen |
|---|---|---|
| 7 days to 14 days | 2.50% | 2.50% |
| 15 days to 29 days | 2.50% | 2.50% |
| 30 days to 45 days | 2.75% | 2.75% |
| 46 days to 60 days | 2.75% | 2.75% |
| 61 days to 90 days | 3.00% | 3.00% |
| 91 days to 120 days | 3.35% | 3.35% |
| 121 days to 150 days | 3.35% | 3.35% |
| 151 days to 184 days | 3.35% | 3.35% |
| 185 days to 210 days | 3.60% | 3.60% |
| 211 days to 270 days | 3.60% | 3.60% |
| 271 days to 289 days | 3.70% | 3.70% |
| 290 days to less than 1 year | 3.70% | 3.70% |
| 1 year to 389 days | 4.05% | 4.05% |
| 390 days to < 15 months | 4.05% | 4.05% |
| 15 months to < 18 months | 4.10% | 4.10% |
| 18 months to 2 years | 4.25% | 4.25% |
| 2 years 1 day to 3 years | 4.50% | 4.50% |
| 3 years 1 day to 5 years | 4.60% | 4.60% |
| 5 years 1 day to 10 years | 4.60% | 4.60% |
| Source: Bank Website. W.e.f. 17th January 2022 |
