ICICI Bank Hikes Interest Rates on Fixed Deposits – Here is the Full Update!!!

2022-08-27

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: