The Hindu Business Line : ICICI Bank revises NRE rates

ICICI Bank has revised its interest rates on NRE fixed deposits and FCNR deposits across various maturities. It now offers an interest rate of 6.33 per cent per annum on NRE fixed deposits with maturity of one to one-and-a-half years (6.30), 6.34 per cent for one-and-half to two years (6.30), 6.34 per cent for two to three years (6.30) and 6.35 per cent for three to 10 years (6.30). Interest rates on one-year FCNR deposits denominated in dollars have been increased to 5.33 per cent per annum (5.29), 5.34 per cent for two to three years (5.29), 5.35 per cent for three to four years (5.27), 5.39 per cent for four to six years (5.30). Interest rates on GBP denominated and Euro denominated FCNR deposits have been increased by 25 and 23 basis points respectively for various maturities.

More Stories on : Interest Rates | NRIs | Fixed Deposits | ICICI Bank Ltd | Private Banks

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