The ICICI Bank has increased its interest rates on fixed deposits from January 20 (2022) on Thursday, unlike other banks.
This may work as two-edged for customers and employees and even lead to a great motivation for new customers who are willing to open their accounts in ICICI Bank.
According to the bank’s website, ICICI Bank is now offering a 2.50 percent interest rate on deposits with a maturity of 7 to 29 days
3 percent interest rate on FDs with a maturity of 30 to 90 days
3.5 percent for FDs with a maturity of 91 days to 184 days
4.40 percent for FDs with 185 days to less than one year tenor
On one-year to 389 days FDs, the bank is offering 5 percent.
ICICI Bank is offering a 5.60 percent interest rate on FDs maturing in 5 years 1 day up to 10 years. It is also offering 5.45 percent for a five-year FD, on which tax benefit is available under Section 80C of the Income-Tax Act, 1961.
ICICI Bank offers 0.50 percent higher interest rates to its senior citizen customers compared to non-seniors. It is now offering a 3 percent interest rate on deposits with a maturity of 7 to 29 days and a 3.50 percent interest rate on FDs with a maturity of 30 to 90 days. It has a 4 percent for FDs with a maturity of 91 days to 184 days, and 4.90 percent for FDs with 185 days to less than one year tenure. On one-year FDs, the bank is offering 5.50 percent.
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