ICICI Bank cuts FD rates
- The Private sector bank ICICI Bank has slashed its deposit rates by 15 to 75 basis points (bps). new fd rates will be 5.15 per cent for amounts less than Rs. 5 crore. for the period of 18 month and 2 years, Rate will be 5.35 per cent.
- For 3 years to 5 years duration, The rate for deposits will be 5.5 per cent. however, Senior citizens will be given 50 bps more than the card rate ICICI said. after reducing repo rate of 40 bps by RBI, most of banks are going to cut dropping deposit rates.
About ICICI –
CEO: Sandeep Bakhshi
Headquarters: Mumbai
Founded: June 1994