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ICICI Bank and Axis Bank increased the interest rate on FD! Check Latest Rate Here

Fixed Deposit Hike: In the last few times, the Reserve Bank has continuously increased its interest rates to control the rising inflation in the country. This year the repo rate has increased from 4.00 percent to 5.90 percent (RBI Repo Rate). In such a situation, due to the increasing repo rate, the loan interest rates and deposit rates of the banks are also increasing continuously. Recently, two big private sector banks ie ICICI Bank and Axis Bank have decided to increase the interest rate on their FDs of less than Rs 2 crore. Where Axis Bank increased its FD by 20 basis points. At the same time, ICICI Bank has increased its FD by 30 basis points. If you are also planning to do these bank FDs, then we are giving you information about its latest interest rate-

New interest rates on FD of ICICI Bank-
ICICI Bank has decided to increase the interest rate on FDs of less than Rs 2 crore (ICICI Bank FD Rates). These new rates have come into effect from 16 November 2022. The bank is offering interest rates ranging from 3.00 per cent to 6.50 per cent on FDs ranging from 7 days to 10 years to its general customers. The bank is offering 3.00% rate of interest for a period of 7 to 14 days. On the other hand, 3.50 percent on FDs of 30 to 45 days, 3.75 percent on FDs of 46 to 60 days, 4.25 percent on FDs of 61 to 90 days, 4.50 percent on FDs of 91 to 184 days, 5.25 percent on FDs of 185 to 289 days. , ICICI Bank is offering 5.50 percent interest rate on FDs from 290 days to 1 year. At the same time, the bank is offering 6.10 percent interest rate on FDs from 1 year to 15 months, 6.40 percent on FDs of 15 months to 2 years, and 6.50 percent on FDs of more than 2 years.

New interest rates on Axis Bank FD-
Axis Bank has also increased its FDs of less than 2 crores by 20 basis points (Axis Bank FD Rates). These new rates have come into effect from 15 November 2022. The bank is offering 3.50 percent interest rate on FDs of 7 days to 45 days to general citizens, 4.00 percent on FDs of 46 to 60 days, 4.50 percent interest rate on FDs of 61 to 6 months to bank customers.

At the same time, 5.25 percent interest rate on FDs from 6 months to 9 months, 5.50 percent interest rate on FDs from 9 months to 1 year, 6.25 percent on FDs from 1 year to 15 months. Bank is offering 6.40 percent interest rate from 15 months to 18 months, 6.50 percent interest rate on FDs from 18 months to 10 years.

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These banks also increased their interest rates-
For the last time on 30 September 2022, the Reserve Bank has decided to increase its repo rate. After this, apart from ICICI Bank and Axis Bank, many banks have decided to increase their FD rates. In this, many banks like State Bank of India, Punjab National Bank, ICICI Bank, Axis Bank, Indian Overseas Bank etc. have increased their FD rates. Is. Apart from this, many banks have also decided to increase their savings account and RD rates.

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