⚡ICICI Bank Slashes Fixed Deposit Rate by up to 50 Basis Points, Check New FD Rates

In a major move amid the lockdown caused due to novel coronavirus pandemic, ICICI Bank has slashed the interest rates on fixed deposits by up to 50 basis points (bps). The new rates are effective from May 11, Monday. After the new revisions, the FDs up to one year will fetch 5.25 percent interest, while FDs with tenor above will earn 5.7 - 5.75 percent interest.