ICICI Bank Revises FD Rate; 1-Year FD Fetches 5.15%

With no dearth of liquidity, banks from across private and public space are on a deposit rate cutting spree. And this time the rate cut on FDs has been announced by ICICI Bank. The new rates will come into effect from today. Also, as there is cited less of demand for loans due to lockdown, there is put pressure on deposit rates.

ICICI Bank Revises FD Rate; 1-Year FD Fetches 5.15%

Tenure	FD Rates for deposit amount below Rs. 2 crore
7 days to 14 days	2.75%
15 days to 29 days	3.00%
30 days to 45 days	3.25%
46 days to 60 days	3.50%
61 days to 90 days
	3.50%
91 days to 120 days	4.10%
121 days to 184 days	4.10%
185 days to 210 days	4.50%
211 days to 270 days	4.50%
271 days to 289 days	4.50%
290 days to less than 1 year	4.75%
1 year to 389 days	5.15%
390 days to	5.15%
18 months days to 2 years	5.35%
2 years 1 day to 3 years 5.35%
3 years 1 day to 5 years	5.50%
5 years 1 day to 10 years	5.50%
5 Years (80C FD) 5.50%