Extra Interest On FD
Extra Interest On FD: The country’s highest banking body, the Reserve Bank of India (RBI), has called for a repo to curb inflation. Inflation has crossed the danger line in the country. Due to this, the Reserve Bank of India (RBI) has increased the repo rate in two Monetary Policy Meetings. Due to the RBI’s repo rate hike, several banks in the country have raised interest rates on Fixed Deposits or FDs and on savings schemes. Multiple banks have again increased the amount of EMI on car loans, starting with home loans.
Extra Interest On FD In This Private Bank
ICICI Bank, the country’s second-largest private lender, has once again raised interest rates on its FDs. This is known from the bank’s website. This decision can make you happy – countless customers of the bank.
ICICI Bank has raised interest rates in which terms? It is learned that the interest rate has been increased from Rs 2 crore to Rs 5 crore. Which can make customers happy. Experts think that they have done this with all kinds of customers in mind.
How much money is this bank paying interest in any term? Let’s take a look.
7 days to 10 years. The term of FIC of ICICI Bank is roughly the same. ICICI Bank offers interest rates ranging from a minimum of 3.10% to 5.75% during this period. In terms of this interest rate, the bank has increased interest rates by 15 basis points for 185-270 days. Customers will currently receive 5.25% interest for this period. The interest rate for the period from 271 days to less than 1 year is 5.35%. In less than 390 days to 1.5 years, the interest rate is 5.60. Earlier it was 5.40%. The interest rate for 1.5-10 years is 5.75%.
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