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flag ICICI Bank cuts savings account interest rates by 0.25%, following other banks' reductions.

flag ICICI Bank has lowered the interest rates on savings accounts by 0.25%, aligning with recent cuts by HDFC Bank and Axis Bank. flag Balances up to 50 lakh rupees will now earn 2.75%, down from 3%, while balances over 50 lakh will earn 3.25%, down from 3.5%. flag This reduction follows the Reserve Bank of India's recent decrease in key interest rates, aiming to boost economic growth by making borrowing cheaper.

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