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Mumbai, June 6

ICICI Bank increased the interest rates on NRE fixed deposits and FCNR deposits with effect from June 1.

The revised rate on NRE term deposits of 12 months to 18 months and deposits of 18 months to 24 months is 3.16 per cent (3.08 per cent). The rate on deposits of 24-36 months is 3.46 per cent (3.18 per cent) and on deposits of 36-120 months is 3.81 pe r cent (3.45 per cent). Interest rates on one year GBP denominated FCNR deposits have been increased to 5.40 per cent (5.06 per cent). – Our Bureau

More Stories on : Interest Rates | NRIs | Private Banks | ICICI Bank Ltd

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