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ICICI Bank Rs 5 Crores Below Fixed Deposit Interest Rates Revised

India’s biggest private bank ICICI has revised it’s fixed deposit interest rates on the deposits less than Rs 5 crores FD’s. The new rates will be effective from November 8,2022. The last time the rates were changed in October 29, 2022.

The new revised rates range from 3.75% to 6.25% for a tenor of 7 days to 10 years. The fixed deposits for a period of 1 year to 3 years will now yield a maximum 6.50% interest.

Revised ICICI Bank FD Interest Rates

The FD’s with 7 to 29 days maturity will get interest rate of 3.75%. ICICI bank is now offering at 4.75% rate on the fixed deposits for a tenure of 30 to 45 days. Other short period deposits which have maturity between 46 to 60 days will yield 5% interest and those with 61 to 90 days tenure will earn 5.25%.

91 to 184 days fixed deposits will get interest rate of 5.5%

185 to 270 days FD’s have 5.75% interest rate

Tenure of 271 days to 1 year will fetch 6.0% interest

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For the fixed deposits that are above 1 year will get a better interest rate. 1 years to 3 years tenure deposits are offered 6.5% interest by the ICICI bank.

Long term FD’s like 3 years 1 day to 10 years tenure will yield 6.25% interest rate as per the revised Interest rates (percent per annum) w.e.f.¬†November 8, 2022. As per the revised rates we see that long term deposits rates have been reduced while the short term rates have been increased.