ICICI Financial institution hikes rates of interest on FDs by 5 bps (efficient from March 30, 2022)


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oi-vipul das

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Personal sector lender, ICICI Financial institution has elevated rates of interest by 5 foundation factors (bps) on mounted deposits of greater than Rs 2 crore however lower than Rs 5 crore. On 30 March 2022, the financial institution elevated the rates of interest on deposits with maturities starting from one yr to 10 years. After the revision on Wednesday, ICICI Financial institution now presents 4.20 per cent to each most of the people and senior residents on tenures starting from 1 yr to 389 days and 390 days to lower than 15 months, as towards 4.15 per cent earlier.

ICICI Bank hikes interest rates on FDs by 5 bps (effective from March 30, 2022)

The rate of interest on mounted deposits maturing in 15 months to lower than 18 months shall be 4.25 per cent as towards 4.20 per cent earlier. On deposits maturing in 18 months to 2 years, ICICI Financial institution now presents 4.35 per cent rate of interest as towards 4.30 per cent earlier. The rate of interest on deposits maturing in two years, someday to 3 years will now be 4.55 per cent, from 4.50 per cent earlier.

The financial institution will now provide 4.65 per cent rate of interest on mounted deposits maturing in 3 years 1 day to 10 years as towards 4.60 per cent earlier. These new rates of interest shall be relevant on contemporary deposits in addition to renewal of current mounted deposits. From the stability interval of seven days to lower than a yr, the financial institution stored the rate of interest fixed. The rates of interest on single mounted deposits of above Rs 2 crore to lower than Rs 5 crore are as follows, with impact from March 30, 2022.

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

tenure common rates of interest rates of interest for senior residents
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 yr 3.70% 3.70%
1 yr to 389 days 4.20% 4.20%
390 days to lower than 15 months 4.20% 4.20%
15 months to lower than 18 months 4.25% 4.25%
18 months to 2 years 4.35% 4.35%
2 years 1 day to three years 4.55% 4.55%
3 years 1 day to five years 4.65% 4.65%
5 years 1 day to 10 years 4.65% 4.65%
Supply: Financial institution’s web site
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Story First revealed: Thursday, March 31, 2022, 10:46 [IST]



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