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ICICI Bank offers 7.2 percent involvement complaint to depositors connected tenure that ranges betwixt 15 and 18 months. For duration betwixt 18 months to 2 years too, the backstage lender offers 7.2 percent per annum.
The caller involvement rates came into effect from contiguous i.e., July 2, 2024. Photo: Hemant Mishra/MintTwo ample backstage lenders – ICICI Bank and Axis Bank -- person revised their fixed deposit (FD) involvement rates this month.
ICICI Bank has revised its fixed deposit interest rates with effect from contiguous i.e., July 2, 2024. The latest rates present scope betwixt 3 percent and 7.20 percent for regular citizens and 3.5 percent and 7.75 percent for senior citizens.
Meanwhile, Axis Bank besides revised its involvement rates connected word deposits with effect from July 1, 2024.
The involvement rates of Axis Bank besides scope betwixt 3 percent and 7.2 percent for regular citizens, and 3.5 percent and 7.75 percent for senior citizens.
ICICI Bank
The highest involvement complaint of 7.20 percent is being offered connected tenure that ranges betwixt 15 and 18 months. For duration betwixt 18 months to 2 years arsenic well, the slope present offers 7.2 percent.
The slope present offers 6.7 percent involvement connected its one-year deposits.
The three-year deposits present connection 7 percent per annum portion four-year and five-year deposits arsenic good present connection 7 percent per annum to depositors.
Meanwhile, the abbreviated word deposits (shorter than 1 year) volition connection involvement complaint betwixt 3 percent and 6 percent based connected tenure of deposit. These involvement rates are applicable for deposits up to an magnitude of ₹3 crore.
Axis Bank
The backstage lender offers highest involvement complaint of 7.2 percent per annum connected deposits which person tenure betwixt 17 and 18 months.
Depositors are entitled to person 6.7 percent involvement connected deposits that are locked for 1 year. The two-year deposits are entitled to connection 7.10 percent involvement rate. The agelong duration deposits for 3 and 4 years are besides entitled to connection 7.10 percent involvement rate.
However, depositors are entitled to person 7 percent per annum connected their five-year deposits. Interest rates connected shorter duration hover betwixt 3 and 6 percent based connected the tenure of word deposits.
For instance, erstwhile tenure is betwixt 7 and 29 days, involvement complaint is 3 percent and it rises to 4.25 percent erstwhile tenure is 46-60 days. Interest complaint connected deposits of tenure betwixt 9 months and 12 months is 6 percent for wide citizens.
These involvement rates are applicable for deposits little than ₹5 crore.
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HomeMoneyPersonal FinanceICICI Bank and Axis Bank revise their FD involvement rates. Check latest rates here
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