ICICI Bank revises NRE, FCNR(B) deposit rates

Mumbai, Nov 17 (UNI) Leading private bank, ICICI Bank today announced that it has revised the interest rates on its Non Residential External (NRE) Fixed Deposits and FCNR(B) Deposits with effect from tomorrow.

The one year NRE deposit rate has been increased by 75 basis ponits to 4.92 per cent. For FCNR(B) deposits denominated in USD, the interest rate for one year has been increased by 75 basis points to 4.17 per cent, an ICICI Bank release said.

Whereas, for FCNR(B) deposit denominated in GBP, the rate has been increased to 7.01 per cent per annum, the release added.

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