ICICI Bank FD News

For terms of 271 days or less to one year, the bank offers a 6.25 percent rate; for terms of 185 days to 270 days, the rate is 6 percent.

Some significant financial institutions like ICICI Bank, HDFC Ltd., and Indian Bank will stop offering their special fixed deposit plans next week. Read on to find out the detail.

FDs maturing in between 271 days to less than a year will now provide returns at a 4.70% rate. Investors will get returns at 4.95% on deposits with a term period of one year to less than 15 months. The interest rate on FDs with a maturity period of 15 months to two years now stands at 5%.

ICICI Bank has increased the interest rate on term deposits maturing within 15 months to less than 18 months to 4.45%. The previous FD interest rate on such policies was 4.40%. Investors, however, will receive better returns on FDs with a longer maturity period.

Investors can get a 4.25% interest rate on FDs with a maturity period of 1 year to 389 days and 390 days to less than 15 months. The bank was offering an interest rate of 4.15% on such deposits. ICICI Bank has increased the fixed deposit interest rate on FDs maturing within 15 months to 18 months to 4.30%.