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ICICI Bank Revises Interest Rates On Fixed Deposits (W.e.f. April 21, 2022)

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ICICI Bank, a private sector lender, has adjusted the interest rate on fixed deposits of more than Rs 2 crore to Rs 5 crore. The new interest rates are effective as of today, April 21, 2022, according to the bank's official website. Following the adjustment, the bank increased interest rates on several tenors by 5-10 basis points.

 
ICICI Bank Revises Interest Rates On Fixed Deposits (W.e.f. April 21, 2022)

ICICI Bank formerly gave a 4.25 per cent interest rate on deposits expiring in one year to less than 15 months; however, the rate will now be 4.30 per cent, a 5 basis point hike. Earlier, the bank provided a 4.30 per cent interest rate on deposits maturing in 15 months to less than 18 months, but that rate has been increased to 4.40 per cent, a 10 basis point rise, and the interest rate on deposits maturing in 18 months to 2 years has been lifted from 4.40 per cent to 4.50 per cent, a 10 basis point spike.

Apart from the tenors mentioned above, the bank has kept interest rates the same throughout the tenors left.

Also read: Special FD Scheme: IDBI Bank Launches Naman Senior Citizen Deposit (W.e.f. 20th April 2022)

IDBI Bank Hikes Interest Rates On Fixed Deposits of Less Than Rs. 2 CrIDBI Bank Hikes Interest Rates On Fixed Deposits of Less Than Rs. 2 Cr

ICICI Bank Interest Rates On Domestic, NRO & NRE Deposits of Rs 2 Cr to Rs 5 Cr

Here are the interest rates (per cent per annum) on single deposits of Rs 2 Cr and more but less than Rs 5 Cr, effective April 21, 2022.

Maturity PeriodGeneralSenior Citizen
7 days to 14 days2.50%2.50%
15 days to 29 days2.50%2.50%
30 days to 45 days2.75%2.75%
46 days to 60 days2.75%2.75%
61 days to 90 days3.00%3.00%
91 days to 120 days3.35%3.35%
121 days to 150 days3.35%3.35%
151 days to 184 days3.35%3.35%
185 days to 210 days3.60%3.60%
211 days to 270 days3.60%3.60%
271 days to 289 days3.80%3.80%
290 days to less than 1 year3.80%3.80%
1 year to 389 days4.30%4.30%
390 days to less than 15 months4.30%4.30%
15 months to less than 18 months4.40%4.40%
18 months to 2 years4.50%4.50%
2 years 1 day to 3 years4.60%4.60%
3 years 1 day to 5 years4.70%4.70%
5 years 1 day to 10 years4.70%4.70%
Source: icicibank.com

Also read: HDFC Bank Makes Interest Rate Revision On FDs of Less Than Rs. 2 Cr (W.e.f. 20th April 2022)

Story first published: Thursday, April 21, 2022, 15:28 [IST]
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