In general the interest rates which ICICI bank is offering (as on 25-11-2007) for senior citizens is 0.5 % higher than what is being offered under the General Deposits scheme.
Who is a senior citizen?
In general, a person who has completed the age of 60.
More information on ICICI bank fixed deposits is available at the following website:
http://www.icicibank.com/pfsuser/interestrates/interestrates.htm
Saturday, November 24, 2007
Fixed deposits in India
Fixed deposit rates from Indian banks have become a lot more lucrative nowadays with interest rates hovering around 8 to 9 % per annum towards the upper end.
This is in sharp contrast to the scenario just a few years back when the interest rates were so low that a fixed deposit was not being considered an attractive investment option.
This is in sharp contrast to the scenario just a few years back when the interest rates were so low that a fixed deposit was not being considered an attractive investment option.
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