ICICI Bank announces 0.25% cut in domestic deposit rates

By Mumbai: | 21 Jan 2003

1
Mumbai: ICICI Bank has announced a 0.25-per cent reduction in its domestic deposit rates, effective 22 January 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.

 

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more