One of the largest private bankers, ICICI Bank has increased its fixed deposits on bulk deposits with effect from Monday onward. The bank offers a 6.05% interest rate on FDs between ₹2 crore to ₹5 crore. With a premature withdrawal facility, the FDs offer interest rates ranging from 3.50% to 6.15%. Senior citizens are already getting an additional interest rate of 0.2% on FDs above 5 years tenure under its Golden Years FD scheme. Banks have been hiking their FD rates since RBI started to hike repo rates by 1.4% in the last three policies.
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