ICICI Bank increased interest rates on FD, investors will get more benefits

By Sudhakar Yadav February 12, 2024 8:17 AM IST
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Photo:FILE ICICI Bank

ICICI Bank FD Rates: ICICI Bank has increased the interest rates on bulk FD ranging from Rs 2 crore to less than Rs 5 crore. Now the bank will give a return of 7.40 percent to general and senior investors on bulk FD of this amount. The new interest rates have come into effect from February 8, 2024.

The bank is offering 7.30 percent interest on bulk FDs of 390 days to 15 months and 7.05 percent interest on FDs of 15 months to 2 years. At the same time, 7 percent interest is being given to investors on FD for two years to 10 years.

Interest on other FDs

4.75 percent interest given on FD of 7 days to 29 days, 5.75 percent interest given on FD of 46 days to 60 days, 6 percent interest given on FD of 61 days to 90 days, 6.50 percent interest given on FD of 91 days to 184 days. going. 6.75 percent interest is being given on FDs of 185 days to 270 days and 6.85 percent interest is being given on FDs of 271 to one year.

Other banks increased interest on FD

The increase in FD interest rates was announced by HDFC Bank on 9 February. The bank is offering 7.20 percent interest on 35 month FD and 7.25 percent interest on 55 month FD.

The interest on FDs less than Rs 2 crore was increased by IndusInd Bank on 6 February. The bank is giving interest ranging from 3.50 percent to 7.75 percent to investors on FD. At the same time, Axis Bank had also increased the interest rates on FDs of less than Rs 2 crore. Axis Bank is giving interest ranging from 3.50 percent to 7.20 percent to general investors.

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