Non-public lender ICICI Financial institution has hiked mounted deposit (FD) rates of interest by 5 foundation factors (bps) from June 22 for deposits lower than Rs 2 crore. That is the second price hike on FDs by ICICI Financial institution in six days because the personal lender hiked rates of interest on June 16, as per its web site. The web site reads, “ICICI Financial institution employees (together with retired employees) will get extra 1 per cent price of curiosity on home deposit beneath Rs 2 crore.”
It additionally stated, “Resident Senior citizen prospects, will get an extra rate of interest of 0.25 per cent for restricted time over and above present price of 0.50 per cent each year.”
Full record of ICICI Financial institution FD rates of interest efficient from June 22
Rates of interest for FDs maturing in 7-14 days and 15-29 days stand at 2.75 per cent for common public and three.25 per cent for senior residents. Charges for FDs maturing in 30-45 days, 46-60 days and 61-90 days are at 3.25 per cent for common public and three.75 per cent for senior residents respectively.
Rates of interest for FDs maturing in 91-120 days, 121-150 days and 151-184 days stand at 3.75 per cent for common public and 4.25 per cent for senior residents.
The personal lender has hiked rates of interest on FDs maturing in 185-210 days, 211-270, 271-289 days and 290 days to lower than a yr from 4.60 per cent to 4.65 per cent for common public and from 5.10 per cent to five.15 per cent for senior residents.
After the latest hike, charges for mounted deposits maturing in 1 yr to 389 days, 390 days-less than 15 months, 15 months to lower than 18 months and 18 months-2 years stand at 5.35 per cent for common public and 5.85 per cent for senior residents.
Charges for FDs maturing in 2 years 1 day-3 years stand at 5.50 per cent for common public and 6 per cent for senior residents. Charges for FDs maturing in 3 years 1 day-5 years and 80C FDs maturing in 5 years stand at 5.70 per cent to common public and senior residents respectively. Charges for FDs maturing in 5 years 1 day-10 years stand at 5.75 per cent for common public and 6.50 per cent for senior residents.
