ICICI Bank FD Interest Rates: After big banks like State Bank of India and HDFC Bank, now ICICI Bank has also given a shock to its customers. Yes, after the RBI cut the repo rate, ICICI Bank has also announced a reduction in FD interest rates by 25 to 50 basis points (0.25-0.50 percent).
This private bank has reduced the interest on savings accounts as well as FD by 0.25 percent. ICICI Bank’s new interest rates have also come into effect from today i.e. April 17.
ICICI Bank cuts FD interest rates by up to 0.50%
The country’s largest public sector bank – SBI and the largest private bank – HDFC have recently implemented a reduction in deposit interest rates. ICICI Bank has cut rates on select tenure FD schemes by 25 to 50 basis points. After this latest cut, the private bank is now offering interest of 3% to 7.05% on FD to its general customers and senior citizens will now get interest of 3.5% to 7.55% on FD. Earlier, ICICI Bank’s FD scheme with a tenure of 15 months to 2 years was offering a maximum interest of 7.25% to general customers and 7.85% to senior citizens.
Now 3.00% interest on FD with a tenure of 30 to 45 days
ICICI Bank has reduced the maximum interest rate by 50 basis points i.e. 0.50 percent on FD scheme with a tenure of 30 to 45 days. The bank has now reduced the interest rate for this tenure from 3.50 percent to 3.00 percent. Apart from this, the interest rate for the tenure of 61 to 90 days has been reduced by 25 basis points to 4.5% to 4.25%. For FDs with a tenure of 18 months to 2 years, the interest rate has been reduced by 20 basis points to 7.25% to 7.05%.
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