Among one of the bigger private banks in India is the ICICI Bank. From small beginnings, it has transformed itself into a giant banking corporation and now offers a huge number of services that generate wealth for its depositors. These services include Loans, Commercial Business Loans, Insta Loans, Home Loans, Car Loans, Deposits, Social Security Schemes, Insurance Plans, Money Transfer, utility payments, Card Payments and more. Among them are the ICICI Bank FD schemes. These are available for various amounts of money and different tenures.
In these fixed deposits there is one that is eye-catching. This is because of the high ICICI Bank FD interest rate on offer for a short tenure. Bank fixed deposits are a great turn-to option for all those people who have some money with them for a certain period and don’t want it to lie idle anywhere. Investing the same is the best way to utilise it and make your wealth grow. Bank FDs are some of the most popular instruments with depositors because of the certainty of the returns and no risk to the capital.
Currently, ICICI Bank FD interest rate of 6.7% is available to depositors for a 1-year tenure. In this short spell, ICICI Bank FD will give you a return of just under Rs 55000. And remember, that you did not have to work for it. All you need to do is open a fixed deposit of this tenure.
When you invest Rs 8 lakh in the ICICI Bank FD with this high interest rate for 1 year, what you will get is a return of Rs 54961. Along with your capital, the amount that will come into your account will be Rs 854961, ICICI Bank FD calculator shows! Not a bad amount considering that if you did not invest it, you would have got the minuscule savings bank interest rate, which does not even beat inflation.
Note: These are merely estimates and the actual amounts will be mentioned in bank FD receipts.
Make just under Rs 55000 from the high ICICI Bank FD interest rate; ICICI Bank FD calculator shows you how. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
