ICICI Bank Hikes Interest Rates on Fixed Deposits – Here is the Full Update!!! ICICI Bank is an Indian based multinational bank and financial services company. This ICICI Bank has now revised its interest rates for fixed deposits between Rs.2 crore and Rs.5 crore. These new revised rates came to effective from August 26. Now the Bank has increased interest rates as the Monetary Policy Committee follows a tighter monetary policy.
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Earlier this month, the RBI’s rate-setting committee raised the repo rate by 50 basis points to 5.4 percent. This hike is the 3rd time after the month of May and June. Meanwhile, the country’s inflation has come down from 7.79 percent in April to 6.71 percent in July. Now the revised interest rates for ICICI Bank Fixed Deposit effective from 26th August are given detailed below.
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- 7 days to 14 days:
For General Public – 3.50 per cent
For Senior Citizens – 3.50 per cent
- 15 days to 29 days:
For General Public – 3.50 per cent
For Senior Citizens – 3.50 per cent
- 30 days to 45 days:
For General Public – 3.60 per cent
For Senior Citizens – 3.60 per cent
- 46 days to 60 days:
For General Public – 4.00 per cent
For Senior Citizens – 4.00 per cent
- 61 days to 90 days:
For General Public – 4.75 per cent
For Senior Citizens – 4.75 per cent
- 91 days to 120 days:
For General Public – 5.25 per cent
For Senior Citizens – 5.25 per cent
- 121 days to 150 days:
For General Public – 5.25 per cent
For Senior Citizens – 5.25 per cent
- 151 days to 184 days:
For General Public – 5.25 per cent
For Senior Citizens – 5.25 per cent
- 185 days to 210 days:
For General Public – 5.40 per cent
For Senior Citizens – 5.40 per cent
- 211 days to 270 days:
For General Public – 5.40 per cent
For Senior Citizens – 5.40 per cent
- 271 days to 289 days:
For General Public – 5.60 per cent
For Senior Citizens – 5.60 per cent
- 290 days to less than 1 year:
For General Public – 5.60 per cent
For Senior Citizens – 5.60 per cent
- 1 year to 389 days:
For General Public – 6.05 per cent
For Senior Citizens – 6.05 per cent
- 390 days to less than 15 months:
For General Public – 6.05 per cent
For Senior Citizens – 6.05 per cent
- 15 months to less than 18 months:
For General Public – 6.05 per cent
For Senior Citizens – 6.05 per cent
- 18 months to 2 years:
For General Public – 6.05 per cent
For Senior Citizens – 6.05 per cent
- 2 years 1 day to 3 years:
For General Public – 6.05 per cent
For Senior Citizens – 6.05 per cent
- 3 years 1 day to 5 years:
For General Public – 6.05 per cent
For Senior Citizens – 6.05 per cent
- 5 years 1 day to 10 years:
For General Public – 5.90 per cent
For Senior Citizens – 5.90 per cent.
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