Non-public sector lender ICICI Financial institution has not too long ago revised rates of interest on mounted deposits (FDs). The financial institution gives FDs throughout completely different tenures, starting from 7 days 10 years.
ICICI Financial institution is providing an rate of interest of two.5% on FDs with maturity between 7 days and 29 days, 3% for FDs maturing between 30 days and fewer than three months, 3.5% for FDs between three months and 6 months 4 days.
For FDs maturing in 185 days to lower than a 12 months, ICICI Financial institution offers a 4.4% rate of interest after the newest revision. Fastened deposits with a maturity interval of 1 12 months to 18 months will fetch an curiosity of 4.9%.
The financial institution will give 5% curiosity for deposits maturing in 18 months to lower than two years. ICICI Financial institution gives an curiosity of 5.15% for deposits maturing in 2 years 1 day to three years. Lengthy-term Deposits maturing in Three years 1 day to five years will fetch you an rate of interest of 5.35%.
For deposits maturing in 5 years 1 day to 10 years, the curiosity will likely be 5.50%.
FD charges for senior residents
ICICI Financial institution gives a better charge to senior residents on choose maturities. For maturity of FDs between 7 days to lower than a month, the rate of interest will likely be 3% for aged individuals. For deposits maturing in a month to a few months, ICICI Financial institution gives an curiosity of three.5%. FDs maturing between 91 days to 184 days, will fetch an curiosity of 4%.
ICICI Financial institution offers 4.9% rates of interest for mounted deposits maturing in 185 days to lower than a 12 months. For deposits maturing in a single 12 months to to lower than one-and-half 12 months, the curiosity will likely be 5.4%. For FDs as much as two years, the financial institution gives an rate of interest of 5.5% to senior residents.
Those that are above 60 years of age, will get an curiosity of 5.65% for time period deposits maturing in two years to a few years. For FDs maturing in three years to 5 years, the rate of interest will likely be 5.85%. Senior residents will fetch an curiosity of 6.3% for deposits maturing in 5 years to 10 years.
“Senior citizen charges relevant just for home time period deposits,” the financial institution mentioned. The curiosity are relevant on deposit of as much as Rs 2 crore. ICICI financial institution workers (together with retired workers) will get further 1% charge of curiosity on home deposit beneath ₹2 crore, the financial institution mentioned.
One other personal sector lender Axis Financial institution has revised rates of interest on FDs with impact from Could 6.