Latest News
-
Gold Prices Ayodhya: In Ram-Janma-Bhumi, 24carat Falls By Rs 380 In 10-Grams, Drops By Rs 3,800 In 100-gram -
Penny Stock Hits 2nd Upper Circuit After Declaring Earnings, Gains 14% In 1-Week -
Rs 8.50/Share Dividend Recommended: Nestle India Reports 27% YoY Jump In Profit -
0.50% Dividend Yield: Midcap Cement Stock Slumps 10% Following Weak Q4 Results; Profit Down 48% YoY -
1:10 Split, Rs 147/Share Dividend: FMCG Major Likely To Report Profit Growth; Buy Or Sell? -
Mark Zuckerberg's Meta Reports Record Q1 Profit Surge, Projects AI Investments This Year; Stock Slumps -
Gold Prices India: 24K/100 Grams Yellow Metal Falls By Rs 3800, 24K/10 Grams Down By Rs 380 -
Rs 44,000 Crore M-Cap Lost, Stock Falls 10%, No More 4th Largest Bank; How RBI's Ban Rocked Kotak -
Mukesh Ambani Led JioCinema Slashes Premium Subscription Prices; IPL Live Stream Remains Free -
Strong Listing: Vodafone Idea FPO Soars In Debut, Shares Rebound; KM Birla Lauds Success
ICICI Bank Revises Interest Rates On Fixed Deposits (W.e.f. April 21, 2022)
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 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)
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 Period | 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 | 4.30% | 4.30% |
| 390 days to less than 15 months | 4.30% | 4.30% |
| 15 months to less than 18 months | 4.40% | 4.40% |
| 18 months to 2 years | 4.50% | 4.50% |
| 2 years 1 day to 3 years | 4.60% | 4.60% |
| 3 years 1 day to 5 years | 4.70% | 4.70% |
| 5 years 1 day to 10 years | 4.70% | 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)
