ICICI bank revises interest rate on deposits

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Chennai, Nov 12: Leading public private sector bank ICICI has announced a reduction of 0.25 per cent to 0.50 per cent on its special deposit schemes from today.

According to a bank release here today that the bank also announced an alignment of interest rates for deposits of greater than one year to eight per cent.

The interest rate for the 390 days deposit, would be 8.5 per cent now while interest rate for the 590 days deposit scheme would be 8.75 per cent.
The bank also discontinued the 890 days Special Deposit Scheme, the release added.


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