ICICI Bank FD Interest Rate: ICICI Bank has revised the interest rates on bulk FD deposits. The bank has reduced the interest rate by Rs 2 crore on bulk FD deposits above Rs 2 crore. After this change, now the bank will give an interest rate of 4.75% to 6.75% on FDs ranging from 7 days to 10 years. The bank has released these new bulk FD rates from today (May 20).
ICICI Bank Bulk FD Rates
ICICI Bank is offering an interest rate of 4.75% on deposits maturing in 7 days to 29 days. The bank is offering an interest rate of 5.50% on deposits maturing in 30 to 45 days. ICICI Bank is offering an interest rate of 5.75% on deposits maturing in 46 to 60 days and 6.00% on deposits maturing in 61 to 90 days. The bank is offering an interest rate of 6.50% on deposits maturing in 91 to 184 days and 6.65% on deposits maturing in 185 to 270 days.
ICICI Bank is offering an interest rate of 6.75% on bulk deposits maturing in 271 days to less than 1 year. From 1 year to 15 months, the bank is giving an interest rate of 7.25%. The bank is offering an interest rate of 7% on deposits maturing in 15 months to 2 years and 6.75% on deposits maturing in 1 day to 10 years.
ICICI Bank Bulk FD Rate
The consolidated net income in the fourth quarter of the financial year 2023 was Rs 53,922.75 crore, which is 25.88% higher than the fourth quarter of the financial year 2022. ICICI Bank recorded its consolidated net income of Rs 38,716.56 crore in the ending quarter of March. At the same time in the last financial year, the income of the bank was Rs 31,306.02. According to ICICI Bank, the company’s gross NPA fell to 2.81% in the fourth quarter of the financial year 2023.
