ICICI Home Finance pays up to 11.15 per cent on fixed deposits
10 November 2008
Mumbai: ICICI Home Finance, a 100 per cent subsidiary of ICICI Bank, has launched special fixed deposits for terms of 15, 20 and 30 months, with interest rate of 11.15 per cent, payable annually.
The Fds carry an additional 0.35 per cent interest for senior citizens, an ICICI Bank press release said.
''In the present market, fixed deposit is one of the most attractive and safest investment options for customers,'' the release said.
These deposits come with AAA and MAAA ratings from leading credit agencies CARE and ICRA, respectively. These are the highest credit quality ratings and hence offer highest safety to its customers, the release said.