ICICI Financial institution hikes rates of interest on FDs by 10 bps (efficient April 14, 2022)


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oi-vipul das

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Non-public sector lender ICICI Financial institution has elevated rates of interest by 10 foundation factors on fastened deposits of greater than Rs 2 crore however lower than Rs 5 crore. This announcement got here into impact from at present (April 14, 2022) and consequently the financial institution elevated the rates of interest on deposits maturing in a single 12 months to 10 years. The financial institution had earlier provided an rate of interest of 4.15 per cent on deposits maturing in lower than 15 months in a 12 months, however now this fee will improve by 10 foundation factors to 4.25 per cent.

ICICI Bank hikes interest rates on FDs by 10 bps (effective April 14, 2022)

The rate of interest on deposits maturing in 15 to 18 months was 4.20 p.c earlier, however now it will likely be 4.30 p.c. The rate of interest on deposits of 18 months to 2 years was 4.30 p.c earlier, however now it will likely be 4.40 p.c. The rate of interest on deposits maturing in two years and someday to 3 years was 4.50 p.c, however now it’s 4.60 p.c. Deposits maturing in three years, someday to 10 years will now pay 4.7 per cent curiosity as towards 4.6 per cent earlier.

ICICI Financial institution rates of interest on deposits of Rs 2 crore and above however lower than Rs 5 crore

The financial institution is now providing 2.5 p.c rate of interest in 7 to 29 days on deposits of Rs 2 crore and above however lower than Rs 5 crore. Mounted deposits maturing in 61 days to 90 days will now appeal to an rate of interest of three.0%, whereas deposits maturing in 30 days to 60 days will now pay an rate of interest of two.75 per cent. ICICI Financial institution is at present providing 3.35 p.c rate of interest on fastened deposits payable in 91 to 184 days.

On deposits maturing from 185 days to 270 days, ICICI Financial institution is now providing 3.60 per cent rate of interest, and on deposits maturing in lower than a 12 months from 271 days to three.70 per cent. Earlier, the financial institution used to supply 4.15 per cent rate of interest on deposits maturing in lower than 15 months in a 12 months, however now the speed might be 4.25 per cent, a rise of 10 foundation factors. Earlier the rate of interest on deposits from 15 months to lower than 18 months was 4.20 p.c, however now it will likely be 4.30 p.c.

The rate of interest on deposits maturing in 18 months to 2 years was 4.30 p.c earlier, however will now be 4.40 p.c. The rate of interest on deposits maturing 2 years 1 day to three years in the past was 4.50 p.c, however now it will likely be 4.60 p.c. Deposits maturing in 3 years, 1 day to 10 years will now earn 4.7 p.c curiosity, which was 4.6 p.c earlier.

tenure Common rate of interest in % every year Senior Citizen Curiosity Price in % every year
7 days to 14 days 2.50% 2.50%
15 days to 29 days 2.50% 2.50%
30 days to 45 days 2.75% 2.75%
46 days to 60 days 2.75% 2.75%
61 days to 90 days 3.00% 3.00%
91 days to 120 days 3.35% 3.35%
121 days to 150 days 3.35% 3.35%
151 days to 184 days 3.35% 3.35%
185 days to 210 days 3.60% 3.60%
211 days to 270 days 3.60% 3.60%
271 days to 289 days 3.70% 3.70%
290 days to lower than 1 12 months 3.70% 3.70%
1 12 months to 389 days 4.25% 4.25%
390 days to lower than 15 months 4.25% 4.25%
15 months to lower than 18 months 4.30% 4.30%
18 months to 2 years 4.40% 4.40%
2 years 1 day to three years 4.60% 4.60%
3 years 1 day to five years 4.70% 4.70%
5 years 1 day to 10 years 4.70% 4.70%
Supply: Financial institution’s web site
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Story First printed: Thursday, April 14, 2022, 13:29 [IST]



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