ICICI Bank announces 0.25% cut in domestic deposit rates
By Mumbai: | 21 Jan 2003
The move is in line with the prevailing interest rate trends in the market and will be applicable on renewals and fresh deposits on or after 22 January 2003.
For deposits with a maturity of 91-180 days, the new rate will be 5.50 per cent from 5.75 per cent previously.
For maturities of 181 days to one year, the rate will be 5.75 per cent (6 per cent), one year to two years 6 per cent (6.25 per cent), and two years to 10 years 6.25 per cent (6.50 per cent).
Senior
citizens will receive 0.50-per cent higher interest rates
for various maturities.
