ICICI Bank Attracting Premium Investors
ICICI bank is focusing on attracting premium range FD investors through increased interest rates on the FDs worth more than ₹2Cr to ₹5 Cr. The bank has made the announcement today on its official website, saying the new rates will be in effect from April 28, 2022.
Difference In Interest Rates Of ICICI Bank FD Plans
Till now ICICI bank was offering 4.30 per cent of interest on the FDs having a maturity period of 1 year to 389 days, now the rate has increased by 5 basis points taking the interest rate to 4.35 per cent. With the same strategy, the bank has also increased the interest rate by 5 basis points for the FDs maturing in 390 days to 15 months which resulted in an increase from 4.30 per cent to 4.35 per cent. An increase of 5 basis points is also seen in the interest rates of FDs having maturity periods between 15 months to less than 18 months, which takes the rates to 4.45 per cent from 4.40 per cent.
A 10 basis point increase in interest rates for FDs having the tenure range of 18 months to 2 years has taken the rates to 4.60 per cent from 4.50 per cent. For FDs having the maturity of 2 years and 1 day to 3 years, the interest rates have been hiked by 10 basis points taking the rates from 4.60 to 4.70 per cent. While the interest rates for the FDs tenured 3 years 1 day to 5 years have increased from 4.70 to 4.80 per cent, seen an increase of 10 bps. Interest rates of other FD plans have been untouched by the bank.
Also read:
Latest Bank FD Rates: HDFC, ICICI, BOB, SBI, Kotak
ICICI Latest Interest Rates On Fixed Deposit Plans Worth Between ₹2 Cr To ₹5 Cr
| Tenures | Interest Rates (%) For General Citizens | Interest Rates (%) For Senior Citizens |
| 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 | 3.80 | 3.80 |
| 290 days to less than 1 year | 3.80 | 3.80 |
| 1 year to 389 days | 4.35 | 4.35 |
| 390 days to less than 15 months | 4.35 | 4.35 |
| 15 months to less than 18 months | 4.45 | 4.45 |
| 18 months to 2 years | 4.60 | 4.60 |
| 2 years 1 day to 3 years | 4.70 | 4.70 |
| 3 years 1 day to 5 years | 4.80 | 4.80 |
| 5 years 1 day to 10 years | 4.80 | 4.80 |
