ICICI has increased interest rates on FD, how many percent interest is received for the period of how many days – you know

New Delhi. ICICI Bank has revised its interest rates on retail fixed deposits (FDs) above ₹2 crore. After the change, the bank is now offering interest rates between 4.75% and 6.75% for FDs with a term of 7 days to 10 years. Deposits with maturities from 1 year to 15 months now offer a maximum yield of 7.25%. According to the bank’s official website, the new bulk FD rates are effective today, May 20, 2023.

FD is still one of the most popular investment options today. At this point, interest in FD is picking up again. For this reason, the Reserve Bank is continuously increasing the repo rate. In addition, investing in FD is one of the safest investment options right from the start.

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ICICI Bank FD course
For deposits with a maturity of 7 to 29 days, the bank offers an interest rate of 4.75% and for deposits with a maturity of 30 to 45 days, the ICICI Bank offers an interest rate of 5.50%. ICICI Bank offers an interest rate of 5.75% for deposits with a maturity of 46 to 60 days and 6.00% for deposits with a maturity of 61 to 90 days.

Deposits with a maturity of 91 to 184 days now earn interest at a rate of 6.50%. And those with a maturity of 185 to 270 days earn an interest rate of 6.65%. For large deposits with a maturity of 271 days to a maturity of less than a year, the bank offers an interest rate of 6.75%. For deposits with a maturity of 1 year to 15 months, ICICI Bank is now offering an interest rate of 7.25%. ICICI Bank is now offering an interest rate of 7% for deposits with a maturity of 15 months to 2 years and 6.75% for deposits with a maturity of 2 years, 1 day to 10 years.

The bank’s consolidated net profit for the fourth quarter of FY2023 was Rs.53,922.75 crore, up 25.88% year-on-year from Rs.42,834.06 crore in the fourth quarter of FY22. ICICI Bank reported a net charge of Rs.38,716.56 crore for the quarter ended March 2023 compared to Rs.31,306.02 crore for the corresponding period of the previous financial year.

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