ICICI Bank family banking flies high

High interest rates combine with family savings package

ICICI Bank has unveiled high interest rates for its family banking product suite.

“Unbelievable as it sounds, ICICI Bank ensures that your entire family now has the chance of earning the highest interest rates with a series of innovative accounts tailor made to benefit the entire lifecycle (from age group of 8 – 80 years),” ICICI Bank’s Senior Vice President, Retail Liabilities, Sachin Sikka said.

“What’s more we have a no strings attached, hassle-free savings account product which has no restrictions on deposits, withdrawals, or investment period, with the added attraction of a number of benefits that include a free VISA ATM cum Debit Card with access to 800 VISA ATMs island wide, as well as free internet banking”.

Having taken the banking requirements of the entire family into consideration, ICICI Bank has launched a ‘Senior Citizen’s Account’ [for those over 55 years], a ‘Young Stars Account’ [up to 18 years] as well as a Savings Account which offers an interest rate of 12% p a, the highest in the Sri Lankan banking industry.

Elaborating on their package of savings account, Sikka said that ICICI Bank’s Senior Citizens account entitled depositors to an interest rate of 12% p a. This account also offered a 10% discount at Apollo Hospital on a tailor made health check up scheme, discounts on medicines purchased at the Apollo Hospital pharmacy, special rates for all other health check up schemes, a special ATM cum Debit card, and the chance of winning a 10 day pilgrimage to India

“In an attempt to instill the savings habit in children, whilst giving parents a reason to bank with us too, our Young Stars account is offering an unbeatable 14.5% p a interest rate, in addition to special prizes for those who maintain an account balance of Rs.25,000 and above” said Sikka.

The Bank’s savings account which offers an interest rate of 12% p a is ideal for the employed as well as the self employed as it gives them a chance to maintain a routine account for their day to day expenses with the benefit of earning interest on it as well.

“Hitherto people have been able to earn a higher rate of interest only on their fixed deposits. ICICI Bank is now giving depositors a chance to earn high interest rates on their savings account which can also be utilized for day to day expenses”, said Sikka. He added that this particular offer has been well received in the market.

ICICI Bank’s savings account entitles depositors to a 12% p a interest rate no matter when they open the account, with absolutely no restrictions on deposits or withdrawals. Depositors are also free to decide on their own investment period, making this a truly unbeatable, unbelievable offer.

“At ICICI Bank we believe in empowering our customers, in this case the entire family and by continuing to offer them such facilities we are living up to our promise that ICICI Bank is the bank that empowers the customer”.