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ICICI Bank cuts deposit rates

ICICI Bank cuts rates on special deposits again

Apnaloan.com Research Bureau

07 Nov 2007

ICICI Bank has cut interest rates on its special deposit schemes by 25-50 basis points which will be effective from November 12.
The interest rate on 390-day deposit is cut to 8.50 per cent and that on a 590-day deposit is cut to 8.75 per cent.

The bank has also realigned interest rates for deposits of greater than 1 year up to three years at 8 per cent.

This is the second time in less than a month that the bank has reduced interest rates on special deposits.

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