Private sector lender ICICI Bank has increased interest rates on wholesale fixed deposits (FDs) of ₹2 crore to less than ₹5 crore. After the revision, the bank is now offering interest rates on deposits ranging from 7 days to 10 years with a range of 4.50% to 6.75%. Customers can get a maximum return of 7.15% on their bulk deposits with ICICI Bank for a period of 15 months to 2 years. According to the official website of the bank, these interest rates will be effective from February 7, 2023.
ICICI Bank Bulk FD Rates
According to ICICI Bank, the bank is currently offering an interest rate of 4.50% on deposits maturing in the next 7 to 29 days and 5.25% on deposits maturing in the next 30 to 45 days. ICICI Bank is now offering an interest rate of 5.50% on deposits of 46 to 60 days and 5.75% on deposits of 61 to 90 days. Bulk deposits with maturity between 91 and 184 days will now fetch 6.25% interest, and deposits with maturity between 185 and 270 days will now fetch 6.50%.
On deposits maturing in 271 days to less than 1 year, the bank is now offering an interest rate of 6.65% and for those maturing in 1 year to 15 months, ICICI Bank is now promising an interest rate of 7.10% Will do On deposit tenure of 15 months to 2 years, ICICI Bank is promising a maximum return of 7.15% and on deposit tenure of 2 years 1 day to 3 years, customers will now get an interest rate of 7.00% on their bulk deposits.
Deposits maturing in 3 years 1 day to 10 years will now fetch an interest rate of 6.75%. For new ICICI Bank Fixed Deposits as well as for renewal of existing or existing Fixed Deposits, these updated Fixed Deposit interest rates will be effective.
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