Bank Fd Rate Increased: There is good news for people who are suffering from the pressure of high inflation. ICICI Bank (ICICI) has increased the interest rates on bulk fixed deposits (FD). The new fixed deposit interest rates of ICICI Bank are effective from Wednesday (23 March 2023).
ICICI Bank has increased the interest rates for bulk FDs above Rs 2 crore and below Rs 5 crore for tenors ranging from 7 days to 10 years. “The effective rate hike for these tenors ranges between 4.75 per cent and 6.75 per cent,” said the official website of ICICI Bank. Check out the latest ICICI Bank Fixed Deposit interest rates…
Save tax too
The interest rate will be subject to tax deduction at source as per income tax laws. It was informed that the customer can avail maximum tax deduction of Rs 1,50,000 from taxable income through ICICI Bank Tax Saver FD. The bank says that employees (including retired employees) of ICICI Bank will get an additional 1% interest rate on domestic deposits of less than Rs 2 crore.
