ICICI Bank Raises Interest Rates On Bulk Deposits Of Some Maturities

ICICI Bank raised interest rates on deposits of over Rs 1 Cr by between 5 and 35 basis pints. Rates on bulk deposits maturing between 30 days and 45 days were raised by 25 bps to 5.75 percentage and between 46 days and 60 days were raised by a similar amount to 6.25 percentage. Bulk deposits maturing between 61 days and 90 days will now earn 10 bps higher at 6.25 percentage. Rates on deposits maturing between 91 days and 184 days were raised by 35 bps to 6.65 percentage. Deposits maturing between 1 year and 389 days will now earn 5 bps more at 6.75 percentage. Rates on bulk deposits of longer maturities remain unchanged at 6.5 percentage.