ICICI Bank announces new changes in FD interest rates

ICICI bank has cut interest rate on all deposit schemes. Let us know that those who make a fixed deposit (FD) in the bank will get less interest, the bank has now cut it.

Yogita S.

Yogita S.By Yogita S.

Published on 9 Sep 2020 10:45 AM GMT

ICICI Bank announces new changes in FD interest rates
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ICICI Bank announces new changes in FD interest rates
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New Delhi: ICICI bank has cut interest rate on all deposit schemes. Let us know that those who make a fixed deposit (FD) in the bank will get less interest, the bank has now cut it. Now from ICICI Bank, you will get 3.50% interest on FD of 91 days to 184 days.

Interest Rate on FD:

These new interest rates changed by ICICI Bank came into effect from 7 September. With this, the bank is still paying a maximum interest of 5.50 per cent on FD. Earlier on August 10, the bank also cut FD interest rates.

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New interest rates of ICICI Bank:

The interest rate on FDs of 7 to 29 days has been reduced to 2.5%.

Interest rate on FD maturing in 30 to 90 days has been reduced to 3%.

91 to 185 days FD, now it will get 3.50% interest instead of 4%.

4.40% interest will be given on the period from 185 to 289 days.

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5.10% interest will be given on FDs:

ICICI Bank customers will get only 5% interest on FD for a period of less than 1 year to 18 months.

Above this, 5.10% interest will be given on FDs of more than 18 months and less than 2 years.

The interest rates on FDs from 2 years to 3 years are 5.15 percent, 5.50 percent interest will be given on FDs of 5 to 10 years.

Special schemes for senior citizens:

ICICI Bank's special FD scheme for senior citizens has been named 'ICICI Bank Golden Years'. Under 'ICICI Bank Golden Years', 0.80 per cent more interest is being received from ordinary FD, it can be invested from 5 years to 1 day to 10 years. You can invest up to 2 crore rupees in it.

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Yogita S.

Yogita S.

Media Graduate, News Editor and PR Enthusiast.

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