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Ayush Chandak ​What Are The Interest Rates On 1 Lakh FD In ICICI Bank?
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Investing your money in a fixed deposit is an effective way of earning a guaranteed return on your funds. But with so many banks offering different interest rates, it can be not easy to know which option is the best for you. Get all the information you need about interest rates on 1 lakh FDs from ICICI Bank in this article!

What are fixed deposit rates?


Investment in ICICI Bank FDs can be made for a minimum tenure of 7 days and maximum tenure of 10 years. The interest rates on Fixed Deposits (FDs) in ICICI Bank are revised from time to time. The current FD interest rates for fresh deposits and renewals are as follows:

For Regular Customers -
For FD Tenure                                 Interest Rate p.a.
7 days to 45 days                             3.50%
46 days to 179 days                           5.00%
180 days to 210 days                         5.50%
211 days to 364 days                         6.00%
1 year to 2 years                             6.50%
2 years 1 day to 3 years                      7.00%
3 years 1 day to 5 years                      7.50%

How much interest do you get in your FD?


Assuming you are asking about interest rates on FDs in ICICI Bank, the current interest rate for regular FDs is 5.50% per annum for deposits up to Rs 1 crore, and 6.00% per annum for deposits above Rs 1 crore. For senior citizens, the interest rate is 6.00% per annum for deposits up to Rs 1 crore, and 6.50% per annum for deposits above Rs 1 crore. The interest is paid out at maturity (on the maturity date) or can be reinvested at the prevailing FD rate (compounded quarterly).

Do banks offer higher interest rates for larger deposits?


The interest rate on a fixed deposit (FD) account is determined by several factors, including the amount of money deposited, the length of time the funds are held in the account, and the current market conditions. In general, banks offer higher interest rates for larger deposits.

For example, ICICI Bank's interest rate of 6% per year for FDs with a minimum deposit of Rs. 1 lakh. The interest rate increases to 6.5% per year for deposits of Rs. 5 lakh or more. Similarly, HDFC Bank offers an interest rate of 6% per year for FDs with a minimum deposit of Rs. 1 lakh, but the interest rate increases to 6.75% per year for deposits of Rs. 5 lakh or more.

To get the best interest rate possible on your FD account, it's essential to shop around and compare rates from different banks before making a decision. It's also important to remember that FD rates are subject to change at any time, so it's essential to keep an eye on the latest rates before making a deposit.

How can I find the best rates of FD in ICICI bank?


If you want to find the best interest rates on FD in ICICI bank, there are a few things you can do. First, you can check the interest rates offered by the bank on its website. Second, you can compare the interest rates offered by different banks and choose the one that provides the best rate. Finally, you can talk to a representative of the bank and ask for the best interest rate on FD. 
You can also check online financial comparison sites to compare the rates offered by different banks. This will help you get an idea of the best interest rate available in the market.
 


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