Pranav Mishra, Senior General Manager & Head – Retail Liabilities Group, said, “With the prevailing volatility in financial market, we see renewed interest by customers to invest in fixed deposits which offer a combination of attractive interest rates, liquidity and assured returns. With this increase, the Bank offers a peak interest rate of 7.50% on term-deposits with a maturity of above 2 years upto 3 years. It is also applicable for Non Resident Ordinary (NRO) & Non Resident External (NRE) term-deposits. Effective from November 15, 2018, the rate hike is applicable across various tenors for domestic term-deposits. Mumbai: ICICI Bank today announced an increase in interest rates of term-deposits of less than Rs 1 crore by upto 25 basis points. Offers 7.50% on term-deposits for tenor above 2 years upto 3 years.
ICICI Bank raises retail term-deposit interest rates by upto 25bps November 14, 2018