ICICI Bank raises term deposit interest by 25bp

Effective from November 15, the rate hike is applicable across various tenors for domestic term-deposits, a spokesperson of the bank said. It is also applicable for Non Resident Ordinary (NRO) & Non Resident External (NRE) term-deposits.

GKNN
Srinagar, Publish Date: Nov 21 2018 1:59AM | Updated Date: Nov 21 2018 1:59AM
ICICI Bank raises term deposit interest by 25bpRepresentational pic

ICICI Bank on Tuesday announced an increase in the interest rates of term-deposits of less than Rs 1 crore by upto 25 basis points. 

Effective from November 15, the rate hike is applicable across various tenors for domestic term-deposits, a spokesperson of the bank said. It is also applicable for Non Resident Ordinary (NRO) & Non Resident External (NRE) term-deposits. 

 With this increase, the bank offers a peak interest rate of 7.5 percent on term-deposits with a maturity of above 2 years upto 3 years.

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