HDFC Bank has cut its rates on fixed deposits of over Rs 5 crore and above effective from Sunday
ICICI Bank and HDFC Bank have cut rates by up to 25 basis points for specific fixed deposit schemes, according to media report.
ICICI Bank has cut rates for deposits of over Rs 1 crore by 25bps effective Monday. Fixed deposit rate of 121-150 days' maturity has been revised to 8% from 8.25% earlier.
Term deposit rate of ICICI for 61-90 days on fixed deposits of over Rs 5 crore and above has also been cut to 8% from 8.25%. Similarly, for term deposit of 91-120 days, the interest rate is 8%.
HDFC Bank has also cut its rates on fixed deposits of over Rs 5 crore and above effective from Sunday.
ICICI Bank and HDFC Bank have cut rates by up to 25 basis points for specific fixed deposit schemes, according to media report.ICICI Bank has cut rates for deposits of over Rs 1 crore by 25bps effective Monday. Fixed deposit rate of 121-150 days' maturity has been revised to 8% from 8.25% earlier.
Term deposit rate of ICICI for 61-90 days on fixed deposits of over Rs 5 crore and above has also been cut to 8% from 8.25%. Similarly, for term deposit of 91-120 days, the interest rate is 8%.
HDFC Bank has also cut its rates on fixed deposits of over Rs 5 crore and above effective from Sunday.
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