How to find the best rates for ICICI Bank Fixed Deposit
It is India’s largest private sector bank that offers banking and financial services for corporate and retail customers. It is headquartered in Gujarat, India. The bank has subsidiaries in United States, Singapore, Hong Kong, Malaysia and many other countries.
The bank offers fixed deposits at competitive rates. The bank recently announced rate cuts on select maturities of high values.
The bank offers two kinds of investment plans for fixed deposits:
- Traditional Plan
- Reinvestment Plan
The bank offers very good short term investment options that will earn good returns.
For tenure deposits of 30 to 45 days the rate of interest offered is 5.50% p.a. The rate of interest offered for a deposit of 46 to 60 days is increased to a booming 7.00% p.a. While deposits between 61 days to 9 months earn interest at the rate of 7.75% p.a while the interest levied on a tenor of 1 year is 8.00% p.a.
ICICI Bank medium and long term Fixed Deposit interest rates
ICICI Bank offers significantly higher rates of returns for medium and long term fixed deposits.
Fixed deposits of 1 year to 389 days earn interest at the rate of 8.00% p.a. The highest rate of interest offered is 8.75% p.a. for deposits of 390 days to 5 years.
ICICI Bank senior citizen FD rates
The bank offers special interest rates for senior citizens. It offers an additional rate of interest of 0.50% p.a. on the normal rate of interest for senior citizens. The lowest rate of interest offered is 6.00% p.a. for a term deposit of 30 days and the highest rate of interest offered is 9.25% p.a. for a deposit of five years.
The bank offers attractive high interest for longer and mid term deposits. Senior citizens can also take advantage of the special interest rates offered just for them.
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