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ICICI Bank was started in 1955 through an initiative by the word bank,indian government and indian industry.
In 1999 it became the first indian company and only the second asian bank to be listed on the new york stock exchange.
ICICI bank came to Britain in 2003 initially serving the indian community here and then in 2006 launched it's online
savings accounts.
Today ICICI bank has 1416 branches in India and a prescence in 18 countries.
ICICI bank is a authorised and regulated by the FSA and savings are protected up to the limit of the financial
services compensation scheme. (£50,000)
The registered offices for ICICI Bank UK Ltd is
21 Knightsbridge
London
SW1X 7LY
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27/01/2009 ICICI Bank reported a profit after tax for the 3rd quarter of 261 million dollars as against 253 million dollars
for the equivalent quarter a year earlier.
24/02/2009 The indian state run life insurance company Corporation of India has increased its stake in icici bank
to 9.38%
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ICICI Bank Savings Account Products |
ICICI Bank is best known in the UK for the high rates it pays on the savings accounts and fixed rate bonds it
offers but it also supplies loans,health insurance,credit cards,money transfers. 07/07/2009 ICICI Bank offers a range of fixed rate bonds with the 12 months fixed rate bond paying 3.45%
on a minimum investment of £1,000.The HiSave instant access account paying 2.00% on a minimum investment of £1
being another top savings account. 29/01/2010 ICICI Bank 3 year
fixed rate bond paying 4.60% on minimum investment of £1,000 making these a best
buy. The savings accounts below were
the latest offerings from ICICI as at 16/02/2010
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Icici Bank HiSave Savings Account.
Key Features
1.70% AER (on all balances above £1)
Fast and Easy Access (no penalties for withdrawals)
Rate Guarantee (rate guaranteed to be at least 0.30% above bank of england base rates until 31/12/2011
Covered under FSCS
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Icici Bank Fixed Rate Bond Account 6 Months
Key Features
Interest Rate Fixed for the 6 month term
Minimum investment of only £1,000
2.00% AER
Icici Bank is authorised and regulated by the Financial Services Authority and is a member of the Financial
Services Compensation Scheme
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Icici Bank HiSave Fixed Rate Bond 4 Year Key Features Interest Rate Fixed for the 1 year term Minimum
investment of only £1,000 4.50% AER Icici Bank is authorised and regulated
by the Financial Services Authority and is a member of the Financial Services Compensation Scheme |
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Icici Bank HiSave Fixed Rate Bond 2 Years Key Features Interest Rate Fixed for the 2 year term Minimum
investment of only £1,000 4.25% AER Icici Bank is authorised and regulated
by the Financial Services Authority and is a member of the Financial Services Compensation Scheme |
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Icici Bank HiSave Fixed Rate Bond 3 Years Key Features Interest Rate Fixed for the 3 year term Minimum
investment of only £1,000 4.70% AER Icici Bank is authorised and regulated
by the Financial Services Authority and is a member of the Financial Services Compensation Scheme 4 Year Fixed Rate Bond Launched paying 4.60% |
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