ICICI Bank is offering bulk FDs ranging from 7 days to 10 years.Federal Bank is paying 7.50 per cent interest to the general customers on 500 days FD.Federal Bank is offering 8 percent interest to senior citizens.
New Delhi. ICICI Bank and Federal Bank have increased the interest rates on fixed deposits (FD Rate Hike). ICICI Bank has increased the interest rate on bulk FDs. The bank will now pay more interest on FDs ranging from Rs 2 crore to Rs 5 crore. The new rates have come into effect from 8 February 2024. The bank is now offering a maximum interest of 7.40 per cent per annum. At the same time, after Federal Bank also increased the interest rates on FDs, customers can get interest at a maximum rate of 8 per cent per annum. The new interest rates of Federal Bank have come into effect from 6 February.
ICICI Bank is offering bulk FDs from 7 days to 10 years. The bank is giving the highest interest on bulk FDs maturing in 1 year to 389 days. The bank is giving 7.40% interest to both general customers and senior citizens on FDs of this period. Federal Bank is giving 7.50% interest to general citizens on FDs of 500 days, while it is offering 8% interest to senior citizens.
ICICI Bank FD Rates
ICICI Bank is now giving 4.75 percent interest to general customers and senior citizens on FDs of 7 days to 14 days and 15 to 29 days. It is giving 5.50 percent interest on FDs of 30 days to 45 days. Customers are getting 5.75 percent interest on FDs of 46 days to 60 days. The bank is giving 6 percent interest on FDs of 61 days to 90 days, 6.50 percent on FDs of 91 days to 120 days, 6.50 percent for FDs of 121 days to 150 days and 151 to 184 days, 6.75 percent for FDs of 185 days to 210 days and 211 days to 270 days. The bank is giving 6.85 percent interest on FDs of 271 days to 289 days. ICICI Bank is offering 7.40% interest on FDs from 1 year to 389 days to general customers and senior citizens.
Federal Bank FD Interest Rate
In Federal Bank, you can make FD for a period of 7 days to 10 years. The bank has increased the interest rate for 500 days to 7.50 percent for common people and 8 percent for senior citizens. The bank is giving 0.50 percent additional interest to senior citizens. Federal Bank is giving 3 percent interest to customers on FDs maturing in 7 to 29 days and 3.25 percent interest on FDs maturing in 30 to 45 days.
Customers will get 4.00% interest on FDs maturing in 46 days to 60 days and 4.75% interest on FDs maturing in 61 days to 119 days. The bank will give 5% interest on FDs maturing in 120 to 180 days, 5.75% interest on FDs maturing in 181 days to 270 days, 6% interest on FDs maturing in 271 days to less than one year and 6.80% interest on FDs maturing in less than 1 year to 15 months.
Tags: Bank FD, FD Rates, ICICI bank, Personal finance
FIRST PUBLISHED : February 12, 2024, 10:09 IST