ICICI Bank Hikes FD Interest Rate by 1.5%

ICICI Bank has hiked the Fixed Deposit (FD) interest rate by 1.5 per cent from today, February 8. The bank is now offering a minimum interest return of 4.50 per cent and a maximum of 7.15 per cent to the general public. The new interest rate is for FDs of more than Rs 2 crores and less than Rs 5 crores. The bank has increased the interest rate on FDs of 7-29 days from 3 per cent to 4.50 per cent, 30-45 days to 5.25 per cent, 46-60 days to 5.50 per cent, 61-90 days to 5.75 per cent, 91-184 days to 6.25 per cent, 185-270 days to 6.50 per cent and 271 days to less than 1 year to 6.65 per cent. The interest rate on FDs of 1 year to less than 15 months has been reduced to 7.10 percent, 15 months to 2 years to 7.15 percent, FDs of 2 years, 1 day to 3 years to 7 percent and 3 years 1 day to 10 years to 6.75 percent.