Hello,
ICICI is offering good rates on FDs - just saw an email from them - 11% and additional 0.25% for seniors for amounts under 10lakhs. Those rates are higher than whats being offered at similar banks outside (similar rate for HDFCBank is 10.5%). I wonder why the rate difference - does ICICI have shortage of funds?
I am thinking that interest rates are probably going to be topping out, and this may be a good time to get in those. Any thoughts are most welcome.
Thanks,
-- Milind
ICICI is offering good rates on FDs - just saw an email from them - 11% and additional 0.25% for seniors for amounts under 10lakhs. Those rates are higher than whats being offered at similar banks outside (similar rate for HDFCBank is 10.5%). I wonder why the rate difference - does ICICI have shortage of funds?
I am thinking that interest rates are probably going to be topping out, and this may be a good time to get in those. Any thoughts are most welcome.
Thanks,
-- Milind