Read
Listen
Watch
Play
Find
Mail

  • Quotes

  • NAVs

  • News

  • Messages

  • Opinions

  • Notices

  • Videos
You are here : Moneycontrol » News » Press- Market

ICICI Bank revises NRI deposit rates

Published on Fri, Jul 04 at 18:26 , Updated at Fri, Jul 04 at 19:03
Source : Moneycontrol.com

Email    Print   

ads by google

ICICI Bank announced today that it has revised its interest rates on NRE Fixed Deposits and FCNR Deposits with effect from July 1, 2008.

The interest rates on NRE Fixed Deposits have been increased by up to 15 bps for various maturities.

Interest rates on 1 year FCNR Deposits denominated in US Dollars have been increased to 2.56% p.a.. Interest rates on 1 year GBP denominated FCNR deposits have been increased to 5.70%.

(A) NRE Fixed Deposits:  

Maturity Period

New Interest Rate (% per annum w.e.f. Jul 1, 2008)

Old Interest Rate (% per annum w.e.f. Jun 1, 2008)

12 months & above but less than 18 months

3.31

3.16

18 months & above but less than 24 months

3.31

3.16

24 months & above but less than 36 months

3.60

3.46

36 months to 120 months

3.95

3.81

 

 

 

 

 

 

 

 

 

(B) FCNR Deposits:  

Maturity Period

Interest Rate Comparison (Jul. 08 Vs Jun. 08)

USD

GBP

EURO

JPY

 

New

Old

New

Old

New

Old

New

Old

12 months & above but less than 24 months

2.56

2.41

5.70

5.40

4.64

4.34

0.41

0.37

24 months & above but less than 36 months

2.85

2.71

5.50

5.26

4.62

4.23

0.49

0.53

36 months & above but less than 48 months

3.20

3.06

5.47

5.21

4.55

4.11

0.59

0.62

48 months & above but less than 60 months

3.42

3.30

5.41

5.12

4.47

4.03

0.67

0.75

60 months

3.56

3.47

5.32

5.02

4.41

3.98

0.75

0.82

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturity Period

Interest Rate Comparison (July 08 Vs June 08)

AUD

CAD

 

New

Old

New

Old

12 months & above but less than 24 months

7.77

7.66

3.29

2.92

24 months & above but less than 36 months

7.21

7.08

2.86

2.76

36 months & above but less than 48 months

7.12

6.95

3.01

2.97

48 months & above but less than 60 months

7.13

6.96

3.11

3.10

60 months

7.02

6.85

3.19

3.19

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sourced From: Adfactors Public Relations Pvt Ltd

Messages on News Now

Post a comment

Other comments

laaloo conditional aid flooding

praise laloo gets the aid.preys trades on misery of the flooded.jai bo lo laloo ki.run down nitish,practising the p...

in News Now - Guest at 05-Sep-08 02:29

What will the NSG outcome be? Experts speak

The deal is quite on the way to happen & i dont think there is any early election sort of things. Mwhaha people are...

in News Now - Guest at 05-Sep-08 12:15

More on Messageboard ยป

Rate this article