FD Rate Hike: Two big banks of the country will now give more interest on fixed deposits, returns will be up to 8 percent.

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Fixed Deposit Interest Rate- The country’s second largest private bank has also increased its FD interest rates. These new rates have come into effect from 8 February 2024.

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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 FD. The bank will now give more interest on FD 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 maximum interest of 7.40 percent per annum. At the same time, after the Federal Bank has increased the interest rates on FD, customers can get interest at a maximum rate of 8 percent per annum. The new interest rates of Federal Bank have come into effect from 6 February.

ICICI Bank is offering bulk FD ranging from 7 days to 10 years. The bank is offering the highest interest on bulk FDs maturing in 1 year to 389 days. The bank is giving 7.40 interest on FD of this period to both general customers and senior citizens. Federal Bank is offering 7.50 percent interest to ordinary citizens on FD of 500 days, while it is offering 8 percent 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 FD of 30 days to 45 days. Customers are getting 5.75 percent interest on FD of 46 days to 60 days. 6 percent on FD of 61 days to 90 days,

6.50 percent on FD of 91 days to 120 days, 6.50 percent for 121 days to 150 days and 151 to 184 days, 185 days to 210 days and 211 days to 270 days. The bank is giving 6.75 percent interest. The bank is giving 6.85 percent interest on FD of 271 days to 289 days. ICICI Bank is giving 7.40 percent interest on FD of 1 year to 389 days to general customers and senior citizens.

Federal Bank FD Interest Rate

You can get FD in Federal Bank for a period ranging from 7 days to 10 years. The bank has increased the interest rate for 500 days to 7.50 percent for general people and 8 percent for senior citizens. Is giving. 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 percent annual interest on FDs maturing in 46 days to 60 days and 4.75 percent annual interest on FDs maturing in 61 days to 119 days. 5 percent on FDs maturing in 120 to 180 days, 5.75 percent on FDs maturing in 181 days to 270 days, 6 percent on FDs maturing in 271 days to less than one year and 1 year to less than 15 months. The bank will give 6.80 percent interest on maturing FD.

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