Good news for ICICI Bank customers! Bank increased the interest rate again, now the FD scheme will get more returns
India's largest private sector bank i.e. ICICI Bank (ICICI Bank FD Rates Hike) has decided to increase its fixed deposit rates. Bank Rs. Allowed this hike on deposits below Rs 2 crore (increase in FD rate). The new rates increased by the bank have been implemented from 19 August 2022. According to the information provided on the official website of the bank, the bank is offering interest rates ranging from 2.75% to 5.90% for tenures ranging from 7 days to 10 years. At the same time, the bank is offering 0.50% higher interest rate to senior citizens. This interest rate ranges from 3.25% to 6.60%.
Also, let us inform you that under special bank FD, ICICI Bank is offering interest rate up to 6.10% for general citizens and 6.60% for senior citizens on FDs from 1 year 1 day to 5 years. If you are going to do FD in ICICI Bank, know about the latest interest rates (ICICI Bank Latest FD Rate)-
FD rates below 2 crores
7 to 14 days – 2.75%
15 to 29 days – 2.75%
30 to 45 days – 3.25%
46 to 60 days – 3.25%
61 to 90 days – 3.25%
91 to 120 days – 3.75%
121 to 150 days – 3.75%
151 to 184 days – 3.75%
185 days to 210 days-4.65%
211 days to 270 days-4.65%
271 days to 289 days -4.65%
290 days to less than 1 year -4.65%
1 year to 389 days – 5.50%
390 days to 15 months – 5.50%
15 months to 18 months – 5.50%
18 months to 2 years – 5.50%
2 to 3 years – 5.60%
3 to 5 years – 6.10%
5 to 10 years – 5.90%
5 Tax saver-6.10%
These banks also increased interest
Customers will get special benefits on ICICI Bank Golden Years FD. The interest rate on this FD scheme will be 50 basis points higher than the normal FD interest rates. On the other hand, senior citizens will get an additional interest rate of 20 basis points. ICICI Bank Golden Years FD Scheme is available till 7 October 2022 only.
It may be mentioned that all the banks are increasing their FD rates due to the continuous increase in the repo rate of the Reserve Bank. Currently the repo rate is 5.40% (RBI repo rate). Since then many banks like State Bank of India (SBI FD Rates), PNB (PNB FD Rates), Kotak Mahindra Bank (Kotak Mahindra Bank), Axis Bank, IndusInd Bank, Indian Overseas Banks (Indian Overseas Bank) etc. Increased their FD interest rates.
Now it is expensive to withdraw money from the ATM! Big banks have increased the charges, know the new rules
All major government and private banks across the country have made changes regarding ATM cash withdrawals. Now you have to pay additional charges for withdrawals beyond the prescribed ATM cash withdrawals in 1 month. This fee will be 20 to 22 rupees.
3 transactions free
ATM withdrawals also include financial and non-financial services. Usually 3 transactions in a month are free. After this, various bank regulations and charges are imposed.
21 rupees per transaction fee fixed
The Reserve Bank of India, in a circular last year, said withdrawals in excess of the monthly free transaction will be charged a fee of Rs 21 per transaction. The new rule came into effect from 1 January 2022. Know the ATM transaction limits and charges of some major banks. These banks include SBI, PNB, HDFC, ICICI Bank and Axies Bank.
This maximum limit in SBI
For ATMs located in 6 metro cities – Delhi, Kolkata, Mumbai, Chennai, Bengaluru and Hyderabad, the maximum limit of free transactions is 3 for other bank ATMs. Earlier, unlimited transactions at SBI ATMs were Rs. 25,000 in accounts with a monthly minimum balance (ABM), this facility will now be available only to customers who have Rs. Maintains an ABM of 50,000. The number of free transactions is limited to 3 in metro cities.
This has changed
SBI charges Rs 5 to Rs 20 depending on the ATM for transactions beyond the free limit in a transaction. For non-monetary transactions above the free limit, customers are charged Rs 5 at SBI ATMs and Rs 8 at other bank ATMs in addition to applicable GST rates. A charge of Rs 10 is levied on cash withdrawal transactions beyond the free limit at SBI ATMs. For additional financial transactions at SBI other bank ATMs per transaction Rs. 20 charges. In addition to the charges, the applicable GST is also charged to the customer's account.
20 rupees charge in PNB
PNB offers 5 free ATM transactions per month. Also a charge of Rs 10 has to be paid for any financial transaction. Other than PNB, the transaction rules are different from ATMs of banks other than PNB. The rule is 3 free transactions in a month in metro cities and 5 free transactions in non-metro cities. There is a charge of Rs 20 for making monetary or non-monetary transactions after the free limit from ATMs of other banks. The rule of international practice is different from this. International cash withdrawals are charged at Rs 150 plus applicable taxes. For International Balance Inquiry Rs. 15 plus applicable taxes are charged.
HDFC Bank
Only the first 5 withdrawals from HDFC Bank ATMs in a month are free. For cash withdrawal Rs. 20 plus tax per transaction, Rs. 8.5 plus tax for non-monetary transactions. 3 free transactions allowed at ATMs of any other bank in 6 metro cities (Mumbai, Delhi, Chennai, Kolkata, Hyderabad and Bengaluru) and 5 free transactions (financial and non-financial) in a month at other locations. The fee for Debit Card PIN Re-generation is Rs. 50 (with applicable taxes) is. If you don't have money in the Deck account and the transaction is disclosed, it is also charged. If there is insufficient balance at another bank's ATM or merchant outlet, a charge of Rs 25 is payable if the transaction is declined.
From ICICI Rs. 20 plus GST
Depending on the card type and account type, the account holder is given a daily cash withdrawal limit. Its price is Rs. 50,000 to Rs. 1.5 lakhs upto. 10,000 per withdrawal is available if withdrawals are made from ATMs of banks other than ICICI Bank. 5 free transactions from ICICI ATM in a month. After that one has to pay Rs 20 plus GST on ATM withdrawal. This limit is for financial transactions while the charge for non-financial transactions is Rs. 8.50 plus GST.
A charge of Rs 21 in Axis Bank
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Daily cash withdrawal limit Rs. 50,000, the daily POS transaction limit is Rs. 1,25,000 is. If there is insufficient amount in the account and the transaction is declined, a charge of Rs.25 will be levied. 4 initial cash transactions per month or Rs. 1.5, whichever is earlier falls within the free limit. Cash withdrawals up to Rs 25,000 per day at non-home branches are free. 5 per thousand rupees for transactions above this. The rules for depositing or withdrawing cash above the limit are different. On depositing or withdrawing money from your account, you will have to pay Rs 5 or Rs 150 per thousand, whichever is higher. Deposits to third party accounts will be charged at Rs 10 per thousand or Rs 150, whichever is higher. 5 financial transactions are free in a month and unlimited non-financial transactions are free from Axis Bank ATMs. Financial and non-financial 3 transactions are free in metro cities. 5 transactions per month are free at other locations. If cash is withdrawn beyond the limit from Axis and non-axis ATMs, Rs 21 per transaction will be charged.
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