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New Delhi: Fixed Deposits offered by banks are a lucrative investment option and are preferred by a majority of the population who don’t want to risk their hard-earned money by investing in stock market or other market related schemes. Private banks also offer good returns on FD schemes and have also tweaked the ceiling for the particular deposits to attract more funds from the traditional route.

ICICI Bank Rs 100-250 crore FDs interest rates

If an individual invests Rs 100 crore in ICICI FD with a premature withdrawal option for a duration of 2 Years 1 Day to 3 Years, the beneficiary will be entitled to get an interest rate of 6.6 per cent. However, if a person opts for a without premature withdrawal FD scheme, the bank will provide at an interest rate of 6.85 per cent.

Interest rates vary on the basis of the option of premature withdrawal. FDs without the option of premature withdrawal will attract high interest rates. On deposits of Rs 100-250 crore, investors will attract below mentioned interest rates for different tenure periods.

A depositor opting to invest Rs 100 crore for a tenure of 121 to 150 days, the interest rate is 7 percent with premature withdrawal and 7.30 per cent without premature withdrawal.

ICICI Bank 121 to 184 FD interest rates

For tenure of 121 to 184 Days, ICICI Bank has fixed the interest rate as 6 per cent with premature withdrawal and 6 per cent without premature withdrawal.

For tenure of 271 Days to < 1 Year, the interest rate is 6.5 per cent (general citizens) with premature withdrawal and 7 per cent without premature withdrawal.

1 Year to 389 Days FD interest rate

If an individual chooses to fix Rs 100 crore for 1 Year to 389 Days (premature withdrawal facility), the beneficiary will get 6.85 per cent interest. Without early withdrawal, you’ll get 7.2 per cent interest.

If a bank customer opts for 390 Days to < 15 Months tenure with premature withdrawal option, you will also get 6.6 per cent interest. Without early withdrawal, the person will get 7.1 per cent interest.

3 Years 1 Day to 5 Years FD interest rate

The bank is offering the highest interest rate on 3 Years 1 Day to 5 Years FD tenure. The depositor will be entitled to receive 6.6 per cent with premature withdrawal facility and 6.85 per cent without premature withdrawal facility.

For fixed deposit tenure of 5 Years 1 Day to 10 Years, the bank is providing 6.6 per cent interest and 6.85 per cent on without premature withdrawal.

The bank can change the FD interest rates without prior notice. The revised interest rates will be applicable to new as well as renewed fixed deposits. FD interest payouts will be subject to Tax Deducted at Source (TDS) as per Income Tax Laws.