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ICICI Bank FD Rates Hike After RBI Repo Rate Increased New Rates Are Applicable From 30 September 2022

ICICI Bank FD Rates Hike: There is very important news...

ICICI Bank FD Rates Hike: There is very important news for the customers of ICICI Bank. The bank has decided to increase the interest rate on its fixed deposit scheme of less than Rs 2 crore. These new rates have come into effect from 30 September 2022. It is worth noting that ICICI Bank has decided to increase the interest rates available on its FDs after the increase in the Repo Rate Hike by the Reserve Bank.

RBI increased the repo rate so much
The Reserve Bank is continuously taking big steps to control the inflation rate in the country. In the Monetary Policy Committee meeting of RBI on 30 September, it has been decided that the repo rate will be increased by 0.50% for the fourth time in a row. Now the repo rate has been increased from 5.40% to 5.90%.

This decision of RBI will have a direct impact on the EMI of the loan of the common people and the interest rates of the deposit account. Now banks will increase their savings accounts and fixed deposits. Soon after this decision of RBI, ICICI Bank has increased its FD interest rates by Rs 2 crore. If you are also planning to do FD in the bank, then we are giving you information about their interest rates-

FD rates below 2 crores-

  • 7 to 14 days-3.00%
  • 15 to 29 days-3.00%
  • 30 to 45 days-3.50%
  • 46 to 60 days-3.50%
  • 61 to 90 days-3.50%
  • 91 to 120 days-4.25%
  • 121 to 150 days -4.25%
  • 151 to 184 days -4.25%
  • 185 days to 210 days-4.90%
  • 211 days to 270 days-4.90%
  • 271 days to 289 days-4.90%
  • 290 days to less than 1 year – 4.90%
  • 1 year to 389 days-5.70%
  • 390 days to 15 months -5.70%
  • 15 months to 18 months -5.70%
  • 18 months to 2 years -5.70%
  • 2 to 3 years-5.80%
  • 3 to 5 years-6.10%
  • 5 to 10 years-6.00%
  • 5 Tax saver-6.10%

ICICI Bank launches Golden Years FD
ICICI Bank yesterday also launched a special FD scheme called ‘Golden Years FD’. Customers will be able to invest in this scheme till 7 October 2022. In this scheme, customers will get more interest than normal FD. In this scheme senior citizens will get 0.10% higher interest rate than the normal senior citizen FD. This scheme will be applicable from FDs of 5 years 1 day to FDs of 10 years. Senior citizens will get 6.70% interest rate on this scheme.

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