ICICI Bank, the country’s second-largest private sector bank, has made revisions to its bulk Fixed Deposit (FD) interest rates for the second time this month.
Here’s what you need to know about the updated rates effective from June 11, 2024:
ICICI Bulk FD Rates Overview:
The bank offers bulk FDs with a maturity ranging from 7 days to 10 years, with interest rates varying between 4.75 percent and 6.75 percent. The maximum interest offered is 7.25% on bulk FDs.
Revised Interest Rates:
7 days to 14 days: General public – 4.75%; Senior citizens – 4.75%
15 days to 29 days: General public – 4.75%; Senior citizens – 4.75%
30 days to 45 days: General public – 5.50%; Senior citizens – 5.50%
46 days to 60 days: General public – 5.75%; Senior citizens – 5.75%
61 days to 90 days: General public – 6%; Senior citizens – 6%
91 days to 120 days: General public – 6.50%; Senior citizens – 6.50%
121 days to 150 days: General public – 6.50%; Senior citizens – 6.50%
151 days to 184 days: General public – 6.50%; Senior citizens – 6.50%
185 days to 210 days: General public – 6.75%; Senior citizens – 6.75%
211 days to 270 days: General public – 6.85%; Senior citizens – 6.75%
271 days to 289 days: General public – 6.85%; Senior citizens – 6.85%
1 year to 389 days: General public – 7.30%; Senior citizens – 7.30%
390 days to less than 15 months: General public – 7.25%; Senior citizens – 7.25%
15 months to less than 18 months: General public – 7.20%; Senior citizens – 7.05%
2 years 1 day to 3 years: General public – 7%; Senior citizens – 7%
3 years 1 day to 5 years: General public – 7%; Senior citizens – 7%
These revised rates offer a spectrum of options for investors looking to secure their savings with ICICI Bank.
