<ul><li>ICICI Bank has reduced the interest rate on savings accounts by 25 bps, following HDFC Bank and Axis Bank.</li><li>The new rates for ICICI Bank are 2.75% for balances up to ₹50 lakh and 3.25% for balances over ₹50 lakh.</li><li>This move is aimed at matching State Bank of India's current rate of 2.70% on savings accounts.</li><li>The rate cuts come after the recent 25 bps reduction in the repo rate by the Reserve Bank of India.</li></ul>

After HDFC Bank and Axis Bank, ICICI Bank cuts savings account rate by 25 bps

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