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ICICI Bank Changed in deposit rates, Base Rate and Prime Lending Rate

Wouldn’t you like a Fixed Deposit that allows you to deposit your money for just as long as you wish? Our Fixed Deposit allows you just that – deposits can be opened for periods ranging from 7 days to 10 years.

ICICI Bank has announced an increase in interest rates for various tenors of retail fixed deposits by 0.25% to 0.50% with effect from February 24, 2011.

ICICI Bank has announced an increase of 0.50% in the ICICI Bank Base Rate (“I-Base”) with effect from February 24, 2011. The revised rate will be 8.75% p.a. as against 8.25% p.a. at present. With effect from July 1, 2010, interest rates on new loans and advances, including consumer loans, are determined with reference to I-Base.

ICICI Bank has also announced an increase of 0.50% in its benchmark prime lending rate and in its Floating Reference Rate (FRR) for consumer loans (including home loans) with effect from February 24, 2011. The above benchmark rates are used for determining interest rates on loans and advances sanctioned upto June 30, 2010.

The fixed rate customers will not be impacted by the above increase and their contracted rates will remain unchanged.

Customers can call the ICICI Bank 24 hour customer care help line or log on to the website (www.icicibank.com) for more details.

ICICI Bank has announced an increase in interest rates for various tenors of retail fixed deposits by 0.25% to 0.50% with effect from February 24, 2011.
ICICI Bank has announced an increase of 0.50% in the ICICI Bank Base Rate (“I-Base”) with effect from February 24, 2011. The revised rate will be 8.75% p.a. as against 8.25% p.a. at present. With effect from July 1, 2010, interest rates on new loans and advances, including consumer loans, are determined with reference to I-Base.
ICICI Bank has also announced an increase of 0.50% in its benchmark prime lending rate and in its Floating Reference Rate (FRR) for consumer loans (including home loans) with effect from February 24, 2011. The above benchmark rates are used for determining interest rates on loans and advances sanctioned upto June 30, 2010.
The fixed rate customers will not be impacted by the above increase and their contracted rates will remain unchanged.

Fixed deposits, Fixed deposits rates, Fixed deposits interest rates, fixed deposits India

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