According to the details mentioned on its website, ICICI Bank has increased the interest rate on FDs maturing within 185 days to one year from 4.90 percent to 5 percent. Also, ICICI Bank offers 5.80 percent interest on FDs that mature within a period of one to two years. It has also increased the interest rate by 10 basis points. Earlier this rate was 5.70 percent. Also, the bank offers 4.25 percent interest on FDs maturing within 91 days to 184 days.
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ICICI Bank earlier offered an interest rate of 5.80 percent on FDs with a tenure of two years one day to three years, but now it has increased this rate by 20 basis points to 6 percent. After the rate hike.. ICICI Bank will offer 6.20 percent interest rate on tenure of three years one day to five years. Also, 6.20 percent interest is also available on a five-year FD with a maximum deposit of Rs.1.50 lakh under 80C. The bank has increased the interest rate on FDs with a tenure of five to ten years from 6 percent to 6.10 percent.
ICICI Bank offers interest rates between 3.50 per cent to 6.75 per cent on fixed deposits for senior citizens. The rates have been increased from 7 days to 10 years tenure. ICICI Bank also offers attractive interest rates on recurring deposits. ICICI Bank offers interest between 4.25 per cent and 6.20 per cent on recurring deposits maturing between six months and ten years.
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