On the other hand, the fixed deposits which mature in 91 days to 184 days will be offering a revised interest rate of four per cent as against the earlier rate of 3.75 per cent. On deposits which mature in 30 days to 90 days, the interest rate will continue to be 3.25 per cent, Hindustan Times business publication Livemint reported. The ICICI Bank will continue to offer an interest rate of 2.75 per cent interest rate on fixed deposits maturing in seven days to 29 days.

According to the official website, the new rates are now effective from today, i.e September 26, 2022.

Private moneylender ICICI Bank has increased its interest rates on the fixed deposits of less than ₹2 crore.