New Delhi: ICICI Bank, India's second largest private bank, has raised the interest rates on its fixed deposits, or FDs, yet again. The ICICI FD Interest Rate has been raised as of Tuesday, June 7. The new ICICI Bank FD interest rate comes as the Reserve Bank of India holds its bi-monthly Monetary Policy Committee meeting, where it is expected to raise repo rates even higher to combat growing inflation.
The current ICICI Bank FD interest rates apply to deposits of more than Rs 2 crore and less than Rs 5 crore. The ICICI Bank FD interest rates for domestic, NRO, and NRE deposits have been increased, according to the bank's website. The senior citizen rates are only available on domestic FDs, according to the bank. Read More: Loan borrowers alert! Be prepared to pay more EMI as HDFC Bank hikes lending rates
Check the revised interest rates on fixed deposits above Rs 2 crore up to Rs 5 crore at ICICI Bank from June 7, 2022: Read More: WWDC 2022: iOS 16 announced at Apple event; Check new features
7 days to 14 days: For General Public - 3.00 per cent; For Senior Citizens - 3.00 per cent
15 days to 29 days: For General Public - 3.00 per cent; For Senior Citizens - 3.00 per cent
30 days to 45 days: For General Public - 3.25 per cent; For Senior Citizens - 3.25 per cent
46 days to 60 days: For General Public - 3.25 per cent; For Senior Citizens - 3.25 per cent
61 days to 90 days: For General Public - 3.40 per cent; For Senior Citizens - 3.40 per cent
91 days to 120 days: For General Public - 4.25 per cent; For Senior Citizens - 4.25 per cent
121 days to 150 days: For General Public - 4.25 per cent; For Senior Citizens - 4.25 per cent
151 days to 184 days: For General Public - 4.25 per cent; For Senior Citizens - 4.25 per cent
185 days to 210 days: For General Public - 4.50 per cent; For Senior Citizens - 4.50 per cent
211 days to 270 days: For General Public - 4.50 per cent; For Senior Citizens - 4.50 per cent
271 days to 289 days: For General Public - 4.70 per cent; For Senior Citizens - 4.70 per cent
290 days to less than 1 year: For General Public - 4.70 per cent; For Senior Citizens - 4.70 per cent
1 year to 389 days: For General Public - 4.95 per cent; For Senior Citizens - 4.95 per cent
390 days to less than 15 months: For General Public - 4.95 per cent; For Senior Citizens - 4.95 per cent
15 months to less than 18 months: For General Public - 5.00 per cent; For Senior Citizens - 5.00 per cent
18 months to 2 years: For General Public - 5.00 per cent; For Senior Citizens - 5.00 per cent
2 years 1 day to 3 years: For General Public - 5.25 per cent; For Senior Citizens - 5.25 per cent
3 years 1 day to 5 years: For General Public - 5.25 per cent; For Senior Citizens - 5.25 per cent
5 years 1 day to 10 years: For General Public - 5.25 per cent; For Senior Citizens - 5.25 per cent
The new ICICI Bank FD rates came just days after the bank raised its deposit rates for deposits of more than Rs 2 crore but less than Rs 5 crore. More hikes are likely to be announced if the RBI raises its repo rates further during the MPC meetings.
