The new interest rates, for Domestic, NRO & NRE deposits (Less than Rs 5 crore) w.e.f. Minimum tenure for NRE term deposits is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit. ICICI Bank's minimum tenure for Domestic & NRO term deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit. Private sector lender ICICI Bank has revised interest rates on fixed deposits (FDs) ranging from 7 days to 10 years. These revised interest rates will be applicable for new deposits and renewal of existing term deposits. ICICI Bank has revised interest rates on fixed deposits The new deposit rate on FDs maturing in 2-3 years will be 5.15% and rates have also been hiked on deposits of 3 years to 5 years maturity. The new rates on these two tenors will be 5%, the bank said. The banks hiked deposit rates by 10 bps on FDs with a maturity of 1 years and 2 years.
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