ICICI Bank cuts fixed deposit rates by 25-50 bps effective May 11

ICICI Bank cuts fixed deposit rates by 25-50 bps effective May 11 The direction of deposit rates was evident when State Bank of India, India’s biggest bank, reduced savings rates early last month. Effective April 15, the country’s largest lender SBI will offer an interest rate of 2.5 percent for savings deposit rates.

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