ICICI Bank has increased interest rate on fixed deposits by 25 basis points.
The bank has increased the deposit of up to Rs 1 crore for a period of two years and up to three years from 7.25% to 7.50% interest rate. ICICI Bank’s new rates are effective from Thursday November 15th. Increase in new rates from 6.75% for 6 to 46 days, from 61% to 90 days, 91 to 120 days and from 6 to 12% for 121 to 184 days, the rate has been increased to 6.25% from 46% to 60 days.
Apart from this, 7.10% interest rate will be on deposits of 389 days from 6.90% against 6.75% for deposits of one year and 790% for 390 plus two years.
On the BSE, there is a weakness in ICICI Bank shares in the morning trading. ICICI Bank’s shares are open at Rs 365.00 today, compared to the previous closed level of Rs 366.60. At around 10:30, the bank’s stock is running at Rs 363.90 with a fall of 2.70 rupees or 0.74%.
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