Good news for ICICI Bank customers! Bank has increased the interest rate on this FD, will get up to 7.15% return

FD Rates Hike: There is good news for the customers of ICICI Bank, the country’s largest private sector bank. The bank has decided to increase the interest rates of its Fixed Deposit Rates. This increase has been done on bulk FDs. The bank has done this on its FDs ranging from Rs 2 crore to Rs 5 crore. The bank has announced that these new rates have come into effect from January 7, 2022 and now customers are getting higher interest rates on FDs ranging from 7 days to 10 years. The bank is offering interest rates ranging from 4.50 per cent to 6.75 per cent to the customers during this period. At the same time, the maximum interest rate is offering 7.15 percent on FDs ranging from 15 months to 2 years. Let us know about the interest rate available on different periods-

FD of Rs 2 to 5 crores, ICICI Bank is giving this much interest rate-

• FD of 7 to 14 days – 4.50%
• FD of 15 to 29 days – 4.50%
• 30 to 45 days FD – 5.25 percent
• FD of 46 to 60 days – 5.50 percent
• 61 to 90 days FD – 5.75 percent
• FD of 91 to 184 days – 6.25 percent
• FD of 185 days to 270 days – 6.50%
• 271 days to 1 year FD – 6.65%
• FD of 1 year to 15 months – 7.10%
• FD from 15 months to 2 years – 7.15 percent
• FD from 2 years to 3 years – 7.00 percent
• FD from 3 years to 10 years – 6.75 percent

Kotak Mahindra Bank also increased the interest rate-
Kotak Mahindra Bank has also recently decided to increase its FD rates. This increase has been done on FDs of less than 2 crores. The new rates have come into effect from January 4, 2023. The bank has decided to increase 50 basis points on FDs of different tenures. After this increase, the bank is offering 7.00 percent interest rate to general customers and 7.50 percent interest rate to senior citizens. Let us know about the interest rate available on different periods-

• 7 to 14 day FD – 3.25 percent
• FD of 15 to 30 days – 3.50%
• 30 to 45 days FD – 5.25 percent
• FD of 46 to 60 days – 5.50%
• 61 to 90 days FD – 5.75 percent
• FD of 91 to 184 days – 6.25 percent
• FD of 185 to 270 days – 6.50%
• FD from 271 days to 1 year – 6.65 percent
• FD from 1 year to 15 months – 7.10 percent
• FD from 15 months to 2 years – 7.15 percent
• FD for 2 to 3 years – 7.00%
• FD from 3 to 10 years – 6.75 percent

RBI increased repo rate many times-
Let us tell you that the Reserve Bank of India has increased the interest rates several times in the year 2022 to control inflation in the country. RBI has increased the repo rate from 4.00 percent to 6.25 percent. In such a situation, there has been a continuous increase in its bank’s deposit rates like FD rates, savings accounts, RD rates. Apart from this, the interest rates of bank loans have also increased many times in the last one year. Recently, the country’s largest public sector bank i.e. Canara Bank has increased its MCLR. After this increase, now customers will have to pay more EMI on home loan, car loan, education loan etc.

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