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HomeBusinessGood news for ICICI Bank customers! Fixed deposit rates hiked, know...

Good news for ICICI Bank customers! Fixed deposit rates hiked, know the new rate

ICICI Bank Hikes FD Rates: The increase in the repo rate for the third time by the Reserve Bank of India has had a direct impact on those customers whose money is deposited in the bank or those who have taken loans from the bank. The country’s largest private sector bank ICICI Bank has given great news to its customers. The bank has made major changes in its fixed deposit rates of Rs 2 to 5 crores. The bank has increased the FD rates after increasing the repo rate in it. The new rates of the bank have also been implemented from 8 August 2022.

RBI hikes repo rate
Reserve Bank of India is continuously taking big steps to control the rising inflation in the country. The central bank has increased the repo rate a total of three times in the last four months. A total of 90 basis points were increased in the first two times. This time the RBI has increased a total of 50 basis points. At present the repo rate is 5.40%.

In such a situation, now all the banks are also increasing their deposit rates like FD Rates, Saving Account Rates, RD Rates continuously. ICICI Bank is offering 3.25% to 5.70% interest rate on FDs of Rs 2 to 5 crores to ordinary citizens on FDs of 7 days to 5 years. Let’s know about this-

New rates of FD of Rs 2 to 5 crore-

    • 7 to 14 days-3.25%

 

    • 15 to 29 days-3.25%

 

    • 30 to 45 days-3.35%

 

    • 46 to 60 days-3.65%

 

    • 61 to 90 days -4.50%

 

    • 91 to 120 days -5.00%

 

    • 121 to 150 days -5.00%

 

    • 151 to 184 days -4.75%

 

    • 185 to 210 days – 5.25%

 

    • 211 to 270 days – 5.25%

 

    • 271 to 289 days-5.50%

 

    • 290 days to less than 1 year – 5.50%

 

    • 1 year to 2 years -5.75%

 

    • 2 to 3 years – 5.75%

 

    • 3 to 5 years -5.75%

 

    • 5 to 10 years – 5.75%

 

FD rates below 2 crores-

    • 7 to 14 days – 2.75%

 

    • 15 to 29 days-2.75%

 

    • 30 to 45 days-3.25%

 

    • 46 to 60 days-3.25%

 

    • 61 to 90 days-3.25%

 

    • 91 to 120 days-3.75%

 

    • 121 to 150 days – 3.75%

 

    • 151 to 184 days-3.75%

 

    • 185 days to 210 days-4.65%

 

    • 211 days to 270 days -4.65%

 

    • 271 days to 289 days-4.65%

 

    • 290 days to less than 1 year -4.65%

 

    • 1 year to 2 years – 5.30%

 

    • 2 to 3 years – 5.35%

 

    • 3 to 5 years -5.70%

 

    • FD from 5 to 10 years – 5.75%

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