The interest rates at ICICI Bank have also raised; as of today, you can benefit from a new slab of 7.15% percent on FDs.

 The interest rates at ICICI Bank have also raised; as of today, you can benefit from a new slab of 7.15% percent on FDs.

The interest rates on their fixed deposits have raised at many institutions, including SBI and HDFC. One of the private sector banks, ICICI Bank, has also raised the interest rates on its fixed deposits. These new rates would be effective for deposits between Rs 2 crore and Rs 5 crore. For loan terms ranging from seven days to ten years, the bank is offering interest rates in the range of 4.50% to 6.75%.

Explain that the higher interest rates would be effective starting on February 7, 2023, per the bank's official website. The maximum loan rate, 7.15 percent, is concurrently accessible for 15 months to 2 years.

receiving such high interest rates

The bank offers interest rates of 4.50%, 5.25%, 5.50%, 46.0%, 60.0%, and 61.0% on deposits maturing in 7 to 29 days, 30 to 45 days, 46 to 60 days, and 61 to 90 days, respectively. Offers interest rates on deposits of Rs. 5.75% on the total amount, 6.25% on bulk deposits maturing in 91 to 184 days, and 6.50% on deposits maturing in 185 to 270 days.

The bank offers an interest rate of 6.6 percent for deposits maturing in less than one year in 271 days, 7.1 percent for deposits maturing in between one year and fifteen months, 7.1 percent for deposits maturing in between fifteen months and two years, and two percent for deposits maturing in a year. A deposit maturing in one day to three years will earn interest at a rate of 7.00%, while one day to three years will earn interest at a rate of 6.75%.