Fixed deposit rates increased by ICICI bank now
Posted on: 15/Aug/2018 9:43:12 AM
The latest news is starting from 14th August 2018 ICICI Banks have increased the fixed deposit rates for both general citizens as well as for senior citizens. It must be noted that fixed deposit rates in ICICI Banks range from 4 % per annum to 6.5% per annum for the deposits with a tenure of 7 days to less than 365 days. ICICI Bank FD rates for short term for senior citizens range from 4.5 % to 7.0% per annum.
Good returns are offered by FD interest rates for long term deposits with tenure of 5 years 1 day to 10 years by ICICI Banks. It is important to note that ICICI Bank FD rate for deposits for a period of 10 years is 7 %. For long termed fixed deposits, senior citizens are offered deposit rates of 7.5% per annum. For a maximum amount upto Rs 1.5lakh, ICICI Banks 5 year tax saver FD rates offer 7.25 % for those belonging to general citizens and 7.75% for the senior citizens. There are many factors that determine the FD rates of ICICI Banks and these are monetary policies of RBI, economic growth rate plus others like liquidity position of the bank and credit demand.
