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ICICI Bank Hikes Interest Rates On Fixed Deposits (W.e.f. 13th May 2022)
ICICI Bank has increased interest rates on fixed deposits of more than Rs 2 crore but less than Rs 5 crore. The bank made the announcement today, May 13th, 2022. Following the change, the bank is now giving a 3% interest rate on deposits maturing in 7 to 29 days, up from 2.75 per cent previously. Earlier, the interest rate on deposits maturing in 30 days to 60 days was 3%, but now the interest rate is 3.25 per cent. The interest rate for deposits maturing in 61 to 90 days was previously 3.25 per cent, but it has now been raised to 3.40 per cent. The interest rate on deposits maturing in 91 to 184 days was 3.5 per cent until the bank raised it to 3.60 per cent.
The 3.75 per cent interest rate on deposits maturing in 185 to 270 days remained unchanged. ICICI Bank would maintain a 4% interest rate on deposits maturing in 271 days to less than a year, as well as a 4.5 per cent rate on deposits maturing in 1 year to less than 15 months. The interest rate on deposits maturing in 15 months to less than 18 months will stay at 4.65 per cent, while the interest rate on deposits maturing in 18 months to 2 years will remain at 4.70 per cent. Whereas the interest rate on deposits maturing in 2 years 1 day to 3 years has remained steady at 4.80 per cent, and the interest rate on deposits maturing in 3 years 1 day to 10 years has remained unchanged at 4.85 per cent.
ICICI Bank FD Rates 2022
Here are the updated rates for single deposits of Rs 2 crore and above but less than Rs 5 crore, effective May 13, 2022.
| Tenure | General | Senior Citizen |
|---|---|---|
| 7 days to 14 days | 3.00% | 3.00% |
| 15 days to 29 days | 3.00% | 3.00% |
| 30 days to 45 days | 3.25% | 3.25% |
| 46 days to 60 days | 3.25% | 3.25% |
| 61 days to 90 days | 3.40% | 3.40% |
| 91 days to 120 days | 3.60% | 3.60% |
| 121 days to 150 days | 3.60% | 3.60% |
| 151 days to 184 days | 3.60% | 3.60% |
| 185 days to 210 days | 3.75% | 3.75% |
| 211 days to 270 days | 3.75% | 3.75% |
| 271 days to 289 days | 4.00% | 4.00% |
| 290 days to less than 1 year | 4.00% | 4.00% |
| 1 year to 389 days | 4.50% | 4.50% |
| 390 days to 15 months | 4.50% | 4.50% |
| 15 months to 18 months | 4.65% | 4.65% |
| 18 months to 2 years | 4.70% | 4.70% |
| 2 years 1 day to 3 years | 4.80% | 4.80% |
| 3 years 1 day to 5 years | 4.85% | 4.85% |
| 5 years 1 day to 10 years | 4.85% | 4.85% |
| Source: Bank Website |
