ICICI Financial institution Hikes Curiosity Charges of Fastened Deposits; Test Newest FD Charges Right here

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ICICI Financial institution Fastened Deposit Curiosity Charges: Personal lender ICICI financial institution has change into the newest financial institution to hitch the rising checklist of its contemporaries who’ve elevated rates of interest on fastened deposits. The ICICI Financial institution has introduced essential revisions of its Fastened Deposits (FD) charges for many who open such accounts within the financial institution, or have already got an account there. The brand new ICICI Financial institution FD charges have change into relevant two days again, in keeping with the lender’s web site. ICICI Financial institution has made the announcement in a notification on its official web site, through a chart which shows all of the plans for fastened deposits.

ICICI Financial institution FD Interest Rate Hike — Key Particulars

The ICICI Financial institution’s transfer to extend its price of curiosity on fastened deposits comes shut in heels with comparable selections of the Axis Bank, State Financial institution of India, Canara Financial institution and HDFC Financial institution. The brand new charges have come into impact from Thursday, January 20.

As per the financial institution’s official web site, the account holders will now get a 2.50 per cent curiosity for basic public and three per cent curiosity for senior residents on fixed deposits with a maturity of seven to 29 days, on deposits of lower than Rs 2 crore. For a tenure of 30 to 90 days, the financial institution will provide an rate of interest of three per cent and three.5 per cent to basic public and senior residents. For a five-year fastened deposit, the financial institution is providing an rate of interest of 5.45 per cent. This plan is eligible for tax advantages beneath the Part 80C of the Earnings Tax Act. In comparison with most people, the ICICI Financial institution presents 0.50 per cent extra curiosity to senior residents.

Listed here are the revised rates of interest on fastened deposits beneath Rs 2 crore on the ICICI Financial institution from January 20, 2022:

7 days to 14 days: For Basic Public – 2.50 per cent; For Senior Residents – 3.00 per cent

15 days to 29 days: For Basic Public – 2.50 per cent; For Senior Residents – 3.00 per cent

30 days to 45 days: For Basic Public – 3.00 per cent; For Senior Residents –  3.50 per cent

46 days to 60 days: For Basic Public – 3.00 per cent; For Senior Residents – 3.50 per cent

61 days to 90 days: For Basic Public – 3.00 per cent; For Senior Residents – 3.50 per cent

91 days to 120 days: For Basic Public – 3.50 per cent; For Senior Residents – 4.00 per cent

121 days to 150 days: For Basic Public – 3.50 per cent; For Senior Residents – 4.00 per cent

151 days to 184 days: For Basic Public – 3.50 per cent; For Senior Residents – 4.00 per cent

185 days to 210 days: For Basic Public – 4.40 per cent; For Senior Residents – 4.90 per cent

211 days to 270 days: For Basic Public – 4.40 per cent; For Senior Residents – 4.90 per cent

271 days to 289 days: For Basic Public – 4.40 per cent; For Senior Residents – 4.90 per cent

290 days to lower than 1 yr: For Basic Public – 4.40 per cent; For Senior Residents – 4.90 per cent

1 yr to 389 days: For Basic Public – 5.00 per cent; For Senior Residents – 5.50 per cent

390 days to lower than 15 months: For Basic Public – 5.00 per cent; For Senior Residents – 5.50 per cent

15 months to lower than 18 months: For Basic Public – 5.00 per cent; For Senior Residents – 5.50 per cent

18 months to 2 years: For Basic Public – 5.00 per cent; For Senior Residents – 5.50 per cent

2 years 1 day to three years: For Basic Public – 5.20 per cent; For Senior Residents – 5.70 per cent

Three years 1 day to five years: For Basic Public – 5.45 per cent; For Senior Residents – 5.95 per cent

5 years 1 day to 10 years: For Basic Public – 5.60 per cent; For Senior Residents – 6.35 per cent

5 Years (80C FD) – Max to `1.50 lac: For Basic Public – 5.45 per cent; For Senior Residents – 5.95 per cent

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