Private sector ICICI Bank on Wednesday announced an increase in interest rates by upto 25 basis points for term-deposits of less than Rs 1 crore.
Effective from Thursday, the lender will offer a peak interest rate of 7.5 per cent on term term deposits with a maturity between two and three years.
“The rate hike is applicable across various tenors for domestic term-deposits,” said the Bank, adding that it is also applicable for Non Resident Ordinary and Non Resident External term deposits.