The country’s two largest banks will now offer higher interest on FDs, up to 8 percent return

New Delhi. ICICI Bank and Federal Bank have increased interest rates on fixed deposits (FD rate hike). ICICI Bank has increased the interest rate on Bulk FD. The bank will now offer higher interest on FDs of Rs 2 crore to Rs 5 crore. The new rates are effective from February 8, 2024. The bank is now offering a maximum interest rate of 7.40 percent per annum. Also, after the Federal Bank increases interest rates on FDs, customers can earn interest at a maximum rate of 8 percent per annum. The Federal Bank’s new interest rate has been implemented from February 6.

ICICI Bank offers bulk FDs from 7 days to 10 years. The bank is offering the highest interest rate on bulk FDs maturing in 1 year to 389 days. The bank is offering 7.40 interest on this tenure FD to both general customers and senior citizens. Federal Bank is offering 7.50% interest on 500-day FD to general citizens while 8% interest to senior citizens.

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ICICI Bank FD Rates
ICICI Bank is now offering 4.75% interest on FDs of 7 days to 14 days and 15 to 29 days to general customers and senior citizens. It is offering 5.50% interest on 30 days to 45 days FD. Customers are getting 5.75% interest on 46 days to 60 days FD. 6% interest on 61 days to 90 days FD, 6.50% on 91 days to 120 days FD, 121 to 150 days and 151 to 184 days, 185 days to 210 days and 211 to 270 days 6.75% interest Is. Bank is offering 6.85% interest on FD from 271 days to 289 days. ICICI Bank is offering 7.40% interest on FD from 1 year to 389 days to general customers and senior citizens.

Federal Bank FD Interest Rate
You can get an FD with a Federal Bank for a tenure of 7 days to 10 years. The bank has increased the interest rate for 500 days to 7.50 percent for general public and 8 percent for senior citizens. Giving. The bank is offering 0.50% additional interest to senior citizens. Federal Bank is offering 3 percent interest to customers on FDs maturing in 7 to 29 days and 3.25 percent on FDs maturing in 30 to 45 days.

Customers will get 4.00 percent annual interest on FDs maturing in 46 days to 60 days and 4.75 percent annual interest on FDs maturing in 61 days to 119 days. 5 percent on FDs maturing in 120 to 180 days, 6 percent on FDs maturing in 181 days to 270 days and 6.80 percent on maturing FDs on FDs of 1 year to 15 months.

Tags: Bank FD, FD Rates, ICICI Bank, Personal Economics