Saturday , April 13 2024

Increase in FD rates: This bank has increased the interest rate on FD of large amount, check bank rate here

ICICI Bank FD rates hike: This time when the Monetary Policy Committee of the Reserve Bank of India met, there was no increase in the repo rate. In such a situation, people were feeling that the interest on fixed deposit scheme might decline. However, in contrast, ICICI Bank has increased its interest rates on large amount fixed deposit schemes. For your information, let us tell you that ICICI Bank has increased the interest on bulk fixed deposits i.e. schemes in which deposits are more than Rs 2 crore and less than Rs 5 crore, to 7.4 percent.

For your information, let us tell you that ICICI Bank is also offering bulk fixed deposits of 7 days to 10 days. However, the highest interest is being given by the bank on the fixed deposit scheme maturing in 1 year 389 days. During this period, the bank is giving 7.4 percent interest to both customers and senior citizens.

If you are investing money in the fixed deposit scheme of ICICI Bank for 7 to 14 days or 15 to 29 days, then you will be given interest at the rate of 4.75 percent.

Whereas if you choose a fixed deposit scheme of 30 to 45 days, then the interest rate increases to 5.5 percent.

If we talk about FD of 46 to 60 days, then you get interest at the rate of 5.75 percent. The bank is offering 6 percent interest rate on fixed deposit scheme of 61 to 90 days.

Whereas if you have invested money in the fixed deposit scheme for 121 days to 150 days and 151 days to 184 days, then you will get an annual interest rate of 6.5 percent from ICICI Bank.

If you have taken fixed deposit scheme for 185 days to 210 days and 211 days to 270 days, then you are being given interest at the rate of 6.85 percent.

Whereas if you want the highest interest rate, then you will have to invest in a fixed deposit scheme of 1 year and 389 days, on which you are being given interest at the rate of 7.40 percent.

Apart from this, Axis Bank has also increased the interest rate on fixed deposits by Rs 2 crore. Axis Bank has implemented this new interest rate from 5th February.

Apart from this, IndusInd Bank has also improved the interest rates. But this interest rate will be applicable only to HDFCs with assets worth more than Rs 200 crore. Through this bank, senior citizens are getting the lowest interest rate up to 4 percent and the highest interest rate up to 8.25 percent. At the same time, this bank is offering interest rates ranging from 3.5 percent to 7.5 percent to the general public.