ICICI Bank revises NRI deposit rates

Mumbai, Nov 1 (UNI) ICICI Bank today revised its interest rates on NRE Fixed Deposits and FCNR Deposits with immediate effect.

Accordingly, the interest rates on NRE Fixed Deposits have been increased by upto 10 basis points (bps) for various maturities, said the Bank's release here.

Interest rates on one year FCNR Deposits denominated in US Dollars have been increased to 5.34 per cent a year. Interest rates on Great Britain Pound (GBP) denominated and Canadian Dollar (CAD) denominated FCNR deposits have been increased by upto 20 bps and 12 bps respectively for various maturities.

On NRE Fixed Deposits, the bank's Maturity Period new Interest Rate and Old Interest Rate vary for 12 months and above but less than 18 months now revised to 6.34 per cent as against the old rate of 6.30 per cent. For 18 months and above but less than 24 months, the new rate stands at 6.26 per cent (against old rate of 6.20 per cent, while for 24 months and above but less than 36 months at 6.17 per cent (6.09 per cent) and for 36 months to 120 months at 6.11 per cent (6.01 per cent).

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