new Delhi. ICICI Bank has given a big gift to its customers troubled by inflation before Holi. The bank has changed the interest rates on Fixed Deposits (FD). Its benefit will be available to those customers who have made FD in ICICI Bank. The new rates are applicable from 10 March 2022.
According to the news of Live Mint, this move of ICICI Bank will benefit those customers who have made FD for 3 years or more. The bank has said in its notification that 4.6 percent interest will be available on FDs above Rs 2 crore and less than Rs 5 crore. The time frame for this is 3-10 years. If the tenure is more than 2 years and less than 3 years, then customers will get 4.50 percent interest.
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Know how much interest on FD for which tenure
The bank said that all rates are applicable on FDs above Rs 2 crore and less than Rs 5 crore.
Under this change, the customer will get 4.2 percent interest on FDs of 15 months or more and less than 18 months.
Interest will be 4.3 percent on FDs for 18 months or more and less than 2 years.
A customer who makes an FD for one year to 15 months will be entitled to get 4.15 percent interest.
On FDs of less than one year, the bank is giving interest from 2.5 percent to 3.7 percent.
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No change in these rates
ICICI Bank said in its notification that there is no change in the interest rates on FDs of less than Rs 2 crore. New and old rates are in effect. This means that the customers of the bank will get the same interest as they used to get earlier. Earlier, the country’s largest public sector bank SBI has also recently changed the interest rates on FDs.
Tags: Fixed deposits, ICICI bank, Investment, Personal finance
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