New Delhi: Have you ever wondered how much billionaires earn on Fixed Deposit (FD) schemes? ICICI Bank is offering its highest interest rate of 7.70 per cent on deposits of Rs 100 to 250 crore. Bank is offering this interest rate to general and senior citizens on FDs maturing in 1 year to 389 days without option of premature withdrawal. If individuals open a FD with a option of Premature Withdrawal then they receive an interest rate of 7.40 per cent on the same tenure.
ICICI Bank FD rates 2024
If you invest Rs 100 crore in ICICI FD with a premature withdrawal option at an interest rate of 7.40 per cent for a duration of 1 year, the maturity amount would be Rs 1,07,60,78,944, with total interest earned amounting to Rs 7,60,78,944. Alternatively, without opting for premature withdrawal, at an interest rate of 7.70 per cent, the maturity amount would be Rs 1,07,92,52,046, with total interest earned of Rs 7,92,52,046.
Interest rate on Different tenures
ICICI Bank is offering same interest rate to general and senior citizens. Interest rates vary on the basis of option of premature withdrawal. FDs without the option of premature withdrawal will attract high interest rate. On deposits of Rs 100-250 crore, investors will attract below mentioned interest rate for different tenure periods.
For tenure of 121 to 150 days, the interest rate is 6.95 per cent with premature withdrawal and 7.20 per cent without premature withdrawal.
For tenure of 151 to 184 days, the interest rate is 7.00 per cent with premature withdrawal and 7.30 per cent without premature withdrawal.
For tenure of 185 to 270 days, the interest rate is 7.20 per cent with premature withdrawal and 7.45 per cent without premature withdrawal.
If you open for 271 days to 300 days and need to withdraw it early, you’ll get 7.25 per cent interest. Without early withdrawal, you’ll get 7.55 per cent interest.
If you deposit your money for 301 days up to just under 1 year and need to withdraw it early, you’ll also get 7.25 per cent interest. Without early withdrawal, you’ll get 7.55 per cent interest.
If you deposit your money and withdraw it before 1 year and 29 days, you’ll earn 7.40 per cent interest. If you keep it for 1 year and 30 days up to less than 15 months without withdrawing early, you’ll earn 7.70 per cent interest.
FDs maturing in 15 months to 2 years will garner interest rate of 7.20 per cent with premature withdrawal and 7.45 per cent without premature withdrawal.
For tenures of 2 years 1 day to 3 years, the interest rate is 7.00 per cent with premature withdrawal and 7.20 per cent without premature withdrawal.
An interest rate of 7.00 per cent will be offered on FDs maturing in 3 years 1 day to 10 years with premature withdrawal and 7.10 per cent without premature withdrawal.
Tenure
With Premature Withdrawal
Without Premature Withdrawal
7 to 29 Days
4.75%
4.75%
30 to 60 Days
5.75%
5.75%
61 to 90 Days
6.00%
6.50%
91 to 120 Days
6.95%
7.20%
121 to 150 Days
6.95%
7.20%
151 to 184 Days
7.00%
7.30%
185 to 270 Days
7.20%
7.45%
271 Days to 300 Days
7.25%
7.55%
301 Days to < 1 Year
7.25%
7.55%
1 Year to 389 Days
7.40%
7.70%
390 Days to < 15 Months
7.30%
7.60%
15 Months to 2 Years
7.20%
7.45%
2 Years 1 Day to 3 Years
7.00%
7.20%
3 Years 1 Day to 10 Years
7.00%
7.10%
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ICICI Bank: If you invest Rs 100 crore in an ICICI FD with an option for premature withdrawal, offering an interest rate of 7.40 per cent for 1 year, you will earn a total interest of more than Rs 7 crore. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
