arvinda
08-09-2007, 01:04 AM
Icici bank announced to cut interest rates on some deposites
by 25 to 50 bps
But interest rates on special deposit schemes remain unchanged, and ICICI Bank continues to offer rates at 9.5% on term deposits of 390 days, 590 days and 890 days.
ICICI Bank reduced interest rates on deposits less than Rs 15 lakh for two schemes. The interest rate for the 181-365-day scheme will be cut to 6.25% from 6.5% and that for the 366-day to 2-year scheme will be cut to 6.25% from the existing 6.75%
by 25 to 50 bps
But interest rates on special deposit schemes remain unchanged, and ICICI Bank continues to offer rates at 9.5% on term deposits of 390 days, 590 days and 890 days.
ICICI Bank reduced interest rates on deposits less than Rs 15 lakh for two schemes. The interest rate for the 181-365-day scheme will be cut to 6.25% from 6.5% and that for the 366-day to 2-year scheme will be cut to 6.25% from the existing 6.75%