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Bloomberg Quint
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ICICI Bank Follows Other Lenders, Cuts Savings Account Rate By 25 Basis Points
- ICICI Bank has cut the interest rate on its savings account by 25 basis points to 2.75%.
- Balances below Rs 50 lakh will attract a savings account rate of 2.75% annually.
- This move follows the recent interest rate cut by the Reserve Bank of India.
- Other banks are expected to follow suit in reducing the interest on savings accounts.
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