ICICI Bank is currently offering an interest rate of 3.1 per cent to 5.7 per cent on fixed deposits. Fixed deposit of 7 days to 10 years. The bank is offering an interest rate of 3.10 per cent on 7-day to 29-day FDs. FDs with a maturity of 30 days to 45 days carry an interest rate of 3.25%. 3.5 per cent interest on 46-day to 60-day fixed deposits. The interest rate on 61-day to 90-day FDs remains at 4 per cent.
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Also you can get 4.75% interest on 91 days to 184 days FDs. A further 5.5 per cent interest is being charged on 185-day to 270-day fixed deposits. There is a 5.25 percent interest rate on 271-day FDs. The fixed deposits in the tenure of the year carry an interest rate of 5.4 per cent. FDs in Tennor can hold an interest rate of 5.7 per cent for 18 months to 10 years. On June 22, the bank raised Rs. It has also revised interest rates on FDs below Rs 2 crore. These carry an interest rate of 2.75 per cent to 5.75 per cent. For the same senior citizens, the interest rate ranges from 3.25 per cent to 6.5 per cent.
Banks, on the other hand, continue to raise interest rates. Banks are following suit as the Reserve Bank of India (RBI) raises key policy rates. Many banks and small finance banks, including HDFC Bank, have been raising interest rates since the close of State Bank of India (SBI), the country’s largest bank.
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