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ICICI Bank Hikes Interest Rates On Fixed Deposits (W.e.f. April 28, 2022)
ICICI Bank, a private sector lender, has increased the interest rate on fixed deposits of more than Rs 2 crore to Rs 5 crore. According to the bank's official website, the revelation has been made today, April 28th, 2022. The bank used to give a 4.30 per cent interest rate on deposits maturing in 1 year to 389 days, but now it will be 4.35 per cent, a 5 basis point increase. Similarly, the interest rate for deposits maturing in 390 days to less than 15 months has been raised from 4.30 per cent to 4.35 per cent. The interest rate on deposits maturing in 15 months to less than 18 months was 4.40 per cent before, but it will now be 4.45 per cent, a 5 per cent increase.
The interest rate on term deposits maturing in 18 months to 2 years was previously 4.50 per cent, but now it will be 4.60 per cent, a 10 basis point increase, while the interest rate on deposits maturing in 2 years 1 day to 3 years has been raised from 4.60 per cent to 4.70 per cent. Previously, the interest rate on fixed deposits maturing in 3 years 1 day to 5 years and 5 years 1 day to 10 years was 4.7 per cent, but now it will be 4.80 per cent, a 10 basis point increase. The interest rate on the remaining tenors has remained unaltered by the bank.
ICICI Bank Interest Rates On Fixed Deposits of Rs 2 Cr to Rs 5 Cr
The bank will provide the following interest rates per annum to the general public and senior citizens as of April 28, 2022.
| Tenors | 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 | 3.80% | 3.80% |
| 290 days to less than 1 year | 3.80% | 3.80% |
| 1 year to 389 days | 4.35% | 4.35% |
| 390 days to less than 15 months | 4.35% | 4.35% |
| 15 months to less than 18 months | 4.45% | 4.45% |
| 18 months to 2 years | 4.60% | 4.60% |
| 2 years 1 day to 3 years | 4.70% | 4.70% |
| 3 years 1 day to 5 years | 4.80% | 4.80% |
| 5 years 1 day to 10 years | 4.80% | 4.80% |
| Source: icicibank.com |
