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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

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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

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