On a few specified tenors, ICICI Bank raises FD interest rates once more

22 Jun 2022 , 02:10 PM

Fixed deposit (FD) interest rates been increased by ICICI Bank by 5 basis points for amounts under Rs 2 crore on a few different tenors. Starting on June 22, 2022, the highest rates will apply. For tenors ranging from 7 days to 10 days, ICICI Bank will now provide interest rates in the range of 2.75% and 5.75%.

The interest rate on term deposits with a period of 185 days or less to one year has increased from 4.60% to 4.65%, or 5 basis points, according to the bank’s website. Term deposits with a maturity of one year to two years will now earn 5.35% interest, up from 5.30%.

Other tenors’ interest rates are constant.

The interest rates offered by ICICI Bank are currently 5.50% for two-year, one-day to three-year fixed deposits and 5.70% for three-year, one-day to five-year fixed deposits. The interest rate offered ranges from 5.75% for tenors of five years and a day to ten years.