In the maturity period category of 390 days up to less than 18 months, ICICI Bank is offering 6.6 per cent to the general public. Icici bank revised interest rates applies to fixed deposit accounts also.
HIGHLIGHTS:
- ICICI Bank revised interest rates on fixed deposits with effect from 20th September
- Senior citizens will continue to get a 50 bps higher interest rate than others
ICICI Bank has revised its fixed deposit (FD) interest rates on select maturities with effect from September 20, 2019. ICICI Bank has slashed the FD interest rates applicable on the maturity periods of 46 days to 60 days, 61 days to 90 days and 91 days to 120 days, among others according to the bank’s website,icicibank.com. The lender is offering an interest rate of 5.50 per cent to the general public and 6.00 per cent to senior citizens in the above-mentioned maturity periods on fixed deposits below Rs. 2 crores. Previously, the bank paid interest rates of 6.00 per cent and 6.5 per cent to the general public and senior citizens respectively on FDs of the same amount in the given maturities.
In the maturity period category of 390 days up to less than 18 months, ICICI Bank is offering 6.6 per cent and 7.1 per cent interest rate to the general public and senior citizens, respectively.
ICICI Bank latest FD interest rates (below ₹2 crores) for general public effective 20 September:
7 days to 14 days 4.00%
15 days to 29 days 4.25%
30 days to 45 days 5.00%
46 days to 60 days 5.50%
61 days to 90 days 5.50%
91 days to 120 days 5.50%
121 days to 184 days 5.50%
185 days to 289 days 6.00%
290 days to less than 1 year 6.25%
ICICI Bank latest FD rates (below ₹2 crores) for the general public for maturity between 1 year and 3 years effective 20 September:
1 year to 389 days 6.60
390 days to < 18 months 6.60
18 months to 2 years 7.00
2 years 1 day up to 3 years 6.90
For FDs between 1 year to 389 days and 390 days to less than 18 months, ICICI Bank has reduced the interest rate by 10 and 20 basis points, respectively. Now, ICICI Bank is offering 6.7% interest for 1 year to 389 days, 6.60% for 390 days to less than 18 months. The bank has cut the interest rate by 10 basis points on FDs maturing in 18 months to 3 years. Now, FDs with tenure of 18 months to 2 years and 2 years, 1 day to 3 years will fetch you an interest rate of 7.00% and 6.90%, respectively.
ICICI Bank latest FD interest rates (below ₹2 crores) for the general public for maturity between 3 years and 10 years effective 20 September:
ICICI Bank has also reduced the interest rate on long-term deposits maturing in 3 years and 10 years by 10 basis points. After the latest revision by ICICI Bank, these deposits will give 6.90% interest. According to the latest revision, ICICI Bank tax-saver FD (max up to ₹1.50 lakh) will fetch an interest rate of 6.90%.
3 years 1 day up to 5 years 6.90%
5 years 1 day up to 10 years 6.90%
5 Years Tax saver FD (Max up to ₹1.50 lakh) 6.90%
