ICICI Bank Cut Interest Rate On Savings Account By 0.5%

Mumbai: Private sector lender ICICI Bank today announced to reduce interest rate on savings accounts by 50 basis points to 3.5 per cent on deposits below Rs 50 lakh. The interest rate on savings bank accounts with deposits of Rs 50 lakh and above remains unchanged at 4 per cent, the bank said in a regulatory filing. The revised interest rate will be effective from tomorrow. On July 31, market leader State Bank of India (SBI) slash...