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ICICI Bank has announced an increase in interest rates for numerous tenors of retail fixed deposits by .25% to .50% with impact from February 24, 2011.
ICICI Bank has announced an boost of .50% in the ICICI Bank Base Rate (“I-Base”) with impact from February 24, 2011. The revised rate will be eight.75% p.a. as against 8.25% p.a. at present. With effect from July 1, 2010, interest rates on new loans and advances, such as consumer loans, are determined with reference to I-Base.
ICICI Bank has also announced an enhance of .50% in its benchmark prime lending rate and in its Floating Reference Rate (FRR) for customer loans (such as property loans) with effect from February 24, 2011. The above benchmark rates are employed for determining interest rates on loans and advances sanctioned upto June 30, 2010.
The fixed rate clients will not be impacted by the above improve and their contracted rates will stay unchanged.
Buyers can call the ICICI Bank 24 hour customer care aid line or log on to the site (www.icicibank.com) for far more particulars.
ICICI Bank has announced an increase in interest rates for numerous tenors of retail fixed deposits by .25% to .50% with effect from February 24, 2011.
ICICI Bank has announced an boost of .50% in the ICICI Bank Base Rate (“I-Base”) with effect from February 24, 2011. The revised rate will be eight.75% p.a. as against eight.25% p.a. at present. With impact from July 1, 2010, interest rates on new loans and advances, such as client loans, are established with reference to I-Base.
ICICI Bank has also announced an improve of .50% in its benchmark prime lending rate and in its Floating Reference Rate (FRR) for consumer loans (which includes home loans) with impact from February 24, 2011. The above benchmark rates are utilised for identifying interest rates on loans and advances sanctioned upto June 30, 2010.
The fixed rate consumers will not be impacted by the above improve and their contracted rates will remain unchanged.
Fixed deposits, Fixed deposits rates, Fixed deposits interest rates, fixed deposits India
ICICI Bank Limited (NYSE:IBN) is India’s largest private sector bank and the second largest bank in the country, with consolidated total assets of over five billion at December 31, 2010. ICICI Bank’s subsidiaries contain India’s leading private sector insurance coverage organizations and amongst its biggest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s worldwide presence currently spans across 18 nations. Get far more & specifics info about revised fixed deposits interest rates.
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