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