Date:31/03/2006 URL: http://www.thehindubusinessline.com/2006/03/31/stories/2006033104320600.htm

Back ICICI Bank hikes FCNR deposit rates

Our Bureau

Mumbai, March 30

ICICI Bank has raised the interest rates on FCNR deposits for all tenures and currencies, except the yen, by 25 basis points. The interest rate for one-year FCNR deposits denominated in dollars is 5.15 per cent (4.9 per cent), said a press release from ICICI Bank. For deposits of two years to less than three years, the rate is 5.13 per cent (4.88 per cent). For deposits of three years and above, the rate is 5.11 per cent (4.86 per cent).