ICICI Bank also gave a shock! You will get less interest on FD and savings accounts than before, check the latest rate before investing.

ICICI Bank FD Rates: ICICI Bank has also announced a cut of 25 basis points in its savings account rates and 50 basis points in the interest rates of fixed deposits. The new FD rates have come into effect from today, 17 April.

ICICI Bank FD Rates: RBI cut its interest rates for the second consecutive time at the beginning of this month. After this many government and private banks have started cutting their interest rates. In this episode, ICICI Bank has also announced a cut of 25 basis points in its savings account rates and 50 basis points in the interest rates of fixed deposits. The new FD rates have come into effect from today, 17 April.

ICICI Bank FD Rates

ICICI Bank customers can invest in fixed deposits for a period ranging from 7 days to 10 years. In this, they are getting interest ranging from 3 percent to 7.55 percent. Senior citizens are getting 0.50 percent more interest on investment. The bank is getting the highest interest on FDs of 18 months to 2 years.

This much interest will be available in a savings account.

ICICI Bank has cut the interest rate on savings account deposits by 0.25%. Now ICICI Bank customers will get only 2.75% interest on deposits up to ₹ 50 lakh, which is equal to the rates recently implemented by HDFC Bank.

At the same time, customers who have an amount of more than ₹ 50 lakh in their savings account will now get 3.25% interest, which is 0.25% less than the earlier rate. Due to this cut, the return on savings of millions of customers of the bank has reduced even more, due to which concern is being seen among investors.