The interest rates on fixed deposits between Rs 2 crore and Rs 5 crore have been changed by ICICI Bank, a significant private sector lender. The higher prices went into effect on Friday (August 26). The most recent interest rates will be in the 3.50-5.90 percent range, with maturities ranging from 7 days to 10 years.
The bank has raised interest rates in response to the Monetary Policy Committee's restrictive monetary policy regime. In early August, the RBI's rate-setting council raised the main repo rate by 50 basis points to 5.4 percent. It was the third consecutive boost, following a 50% increase in June and a 40% increase in May.
7 days to 14 days: For General Public - 3.50 percent; For Senior Citizens - 3.50 percent
15 days to 29 days: For General Public - 3.50 percent; For Senior Citizens - 3.50 percent
30 days to 45 days: For General Public - 3.60 percent; For Senior Citizens - 3.60 percent
46 days to 60 days: For General Public - 4.00 percent; For Senior Citizens - 4.00 percent
61 days to 90 days: For General Public - 4.75 percent; For Senior Citizens - 4.75 percent
91 days to 120 days: For General Public - 5.25 percent; For Senior Citizens - 5.25 percent
121 days to 150 days: For General Public - 5.25 percent; For Senior Citizens - 5.25 percent
151 days to 184 days: For General Public - 5.25 percent; For Senior Citizens - 5.25 percent
185 days to 210 days: For General Public - 5.40 percent; For Senior Citizens - 5.40 percent
211 days to 270 days: For General Public - 5.40 percent; For Senior Citizens - 5.40 percent
271 days to 289 days: For General Public - 5.60 percent; For Senior Citizens - 5.60 percent
290 days to less than 1 year: For General Public - 5.60 percent; For Senior Citizens - 5.60 percent
1 year to 389 days: For General Public - 6.05 percent; For Senior Citizens - 6.05 percent
390 days to less than 15 months: For General Public - 6.05 percent; For Senior Citizens - 6.05 percent
15 months to less than 18 months: For General Public - 6.05 percent; For Senior Citizens - 6.05 percent.
