ICFC Finance to give 12.5% interest in the fixed deposit scheme in 3 months time period

ICFC Finance Limited has introduced new interest rates for their deposit schemes. The finance company has announced to provide a massive 12.5% interest rate in 3 months and 6 months fixed deposits. Similarly, it will be providing 12% and 11.5% interest on fixed deposits of 12 months and 24 months respectively. As per the finance company, the minimum balance required for the fixed deposit account is Rs 50,000. The massive rise in interest rate is being seen quite a lot in the recent period. Recently, Kumari Bank Limited had also introduced ‘Nagarik Saving’ with 9.5% interest in the saving account.