Personal lender ICICI Financial institution has hiked the rates of interest on fastened deposits lower than ₹2 crore. On its official web site, the financial institution has introduced the revised charges after a rise of fifty foundation factors on the time period deposits maturing in seven days to 10 years. ICICI Financial institution is providing rates of interest starting from 3 per cent to six.25 per cent for common public on fastened deposits for the above talked about interval.
The financial institution will proceed to supply an rate of interest of three per cent for fastened deposits maturing in seven days to 29 days and three.50 per cent rate of interest on deposits maturing in 30 days to 45 days.
The non-public lender has elevated the rates of interest by 25 foundation factors from 3.50 per cent to three.75 per cent on the deposits which mature in 46 days to 60 days whereas the rates of interest have been hiked by 3.75 per cent to 4 per cent on the fastened deposits maturing in 61 days to 90 days.
Alternatively, the deposits which mature in 91 days to 184 days will provide an rate of interest of 4.50 per cent in opposition to the sooner 4.25 per cent. The depots which mature in 185 days to 289 days may have an rate of interest of 5.25 per cent in opposition to the earlier 5 per cent.
The financial institution has elevated the rate of interest by 50 foundation factors from 5 per cent to five.50 per cent on the deposits which mature in 290 days to lower than a 12 months and by 30 foundation factors from 5.80 per cent to six.10 per cent on these maturing in 1 12 months to 18 months. For the deposits which mature in 18 months to 2 years, the financial institution elevated the rate of interest from 5.80 per cent to six.15 per cent.