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Good news for the customers of this private sector bank! Bank increased interest on FD

FD Rate of Interest Hike of ICICI Bank: The country’s largest private sector bank ICICI Bank has given great news to its customers. The bank has announced a higher rate of interest in its Fixed Deposit Scheme. This interest rate is being given on FDs ranging from Rs 2 crore to Rs 5 crore. The new rates have been implemented from 11 July 2022.

At present, the bank is offering you interest rates ranging from 3.10 percent to 5.75 percent on FDs of 7 days to 10 years on FDs of Rs 2 to 5 crores. It is worth noting that recently the Reserve Bank of India has increased the repo rate twice in the month of May and June. The repo rate of the Reserve Bank has been increased to 4.90 percent instead of 4 percent. The increase in the repo rate has a direct effect on the interest rate of the bank’s FD scheme and savings account. Let us know how much interest rate the bank is offering on different tenors-

This is the interest rate available on the bank’s FD ranging from Rs 2 to 5 crore-

    • 7 to 14 days-3.10%
    • 15 to 29 days-3.10%
    • 30 to 45 days-3.25%
    • 46 to 60 days-4.00%
    • 61 to 90 days -4.75%
    • 91 to 120 days -4.75%
    • 121 to 150 days -4.75%
    • 151 to 184 days -4.75%
    • 185 to 210 days – 5.25%
    • 211 to 270 days – 5.25%
    • 271 to 289 days – 5.35%
    • 290 days to less than 1 year – 5.35%
    • 1 year to 2 years -5.60%
    • 2 to 3 years – 5.75%
    • 3 to 5 years -5.75%
    • 5 to 10 years – 5.75%

This is the interest rate available on the bank’s FD up to Rs 2 crore-

    • 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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