Mumbai: The leading private sector bank in the country, ICICI Bank has revised its bulk fixed deposit interest rates for depositors. These bulk deposits range from above Rs 2 crore but less than Rs 5 crore.
The highest rate on bulk FDs is 7.25% offered on tenures from 1 year to less than 15 months to both senior citizens and the general category. The lender is offering a 7% interest rate on maturities from 15 months to 2 years. An interest rate of 6.75% is offered on tenures ranging from 271 days to less than 1 year. Also, a similar rate is offered on tenures from 2 years 1 day to 10 years.
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An interest rate of 6.65% is offered on tenures from 185 days to 270 days; and a 6.50% interest rate is given on 91 days to 184 days tenures. The bank is offering a 6% rate on 61 days to 90 days tenure, while 5.75% is given on 46 days to 60 days, and 5.50% is offered on 30 days to 45 days. Lastly, customers can earn up to 4.75% rate on tenures from 7 days to 29 days.
These revised Fixed Deposit interest rates will be applicable for new ICICI Bank Fixed Deposits and renewal of existing Fixed Deposit.
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