Whenever it comes to getting guaranteed returns, everyone thinks of Fixed Deposit first. If you are also thinking of making an FD, then there is a big news for you. ICICI Bank has revised its FD rates. According to the bank’s website, these rates have become effective from June 29, 2024. These revised rates are applicable on FDs up to Rs 3 crore.
Interest up to 7.75 percent
The bank is giving the highest interest rate of 7.2% to its customers on FD. The interest rate given to senior citizens is 7.75%. The bank is giving the highest interest rate for this period.
The lowest interest rate is 3%
The bank is offering an interest rate of 3% on fixed deposits (FDs) with a tenure of 7-29 days. For FDs with a tenure of 30-45 days, the interest rate is 3.5%. FDs maturing in 46-60 days will earn an interest rate of 4.25%.
Here you will get 5.75% interest
If you invest in an FD with a tenure of 61-90 days, you’ll earn a return of 4.5%. For a tenure of 91-184 days, the interest rate is 4.75%. Investing in an FD with a tenure of 185-270 days will yield an interest rate of 5.75%.
Highest interest on 15 month period
FDs with a tenure of 271 days to just under a year offer an interest rate of 6%. For FDs ranging from one year to just under 15 months, the interest rate is 6.7%. If you invest in an FD with a tenure of 15 months to two years, you’ll receive an interest rate of 7.2%.
How much interest for 2-10 years?
The bank offers an interest rate of 7% on FDs with a tenure ranging from 2 years and one day up to 5 years. For FDs with a duration of 5 years and one day to 10 years, the bank provides an interest rate of 6.9%.
