ICICI Bank hikes deposit rates

ICICI Bank on Friday raised interest rates on fixed deposit by 0.25-0.75 percentage points mainly on short term deposits.

Deposit rate in the 46 days to 60 days tenure has been hiked by 0.75 percentage points to 7%, while in the 61 days to 289 days by 0.75 percentage points to 7.75%. One year to 389 day deposit has been hiked by 0.50 percentage points to 8%.

Five year deposit has been hiked by 0.25 percentage points to 8.5%. The bank however kept its benchmark lending rate or base rate unchanged at 9.75%.

 

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