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ICICI Bank cuts savings account rates by 25 bps
Financial Express Kochi
|April 17, 2025
ICICI BANK, THE second-largest private sector lender, on Wednesday reduced interest rates on its savings accounts by 25 basis points (bps), following similar moves by HDFC Bank and Axis Bank.
Mumbai, April 16
Savings account balances of up to ₹50 lakh will now earn 2.75%, down from 3%. For balances above ₹50 lakh, the interest rate has been cut to 3.25% from 3.5%.
HDFC Bank and Axis Bank had earlier reduced their savings deposit rates to 2.75% for balances up to ₹50 lakh, marking a broader trend among lenders to lower deposit costs.
यह कहानी Financial Express Kochi के April 17, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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