ICICI Bank reduces deposit rates by 0.25-0.50%

MUMBAI: ICICI Bank on Tuesday reduced interest rates on deposits of value less than Rs 15 lakh by 25-50 basis points for select maturities upto two years, a day after the country's largest lender SBI reduced its deposit rates.

The revised interest rate for tenors 181-365 days will be 6.25 per cent per annum as against 6.50 per cent at present, ICICI Bank said in a release.

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