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ICICI bank is a multinational Indian banking and financial services providing an institution with its headquarter in Mumbai. Initially, the ICICI Bank was promoted in 1994 by ICICI Limited, an Indian financial institution, and its wholly-owned subsidiary. In case of savings account the interest is calculated based on the end of day account balance maintained in a savings account, which is 3.5% for an amount below Rs.50 lacs, and the amount above this rate of interest is 4%. ICICI bank offers a wide variety of banking products and financial services to all the corporate and retail customers through a spectrum of delivery channels and its group companies. It is the 2nd largest Indian Bank and is recognized and rewarded all over the world. In 1991 it became the first Indian company and the first bank or a financial institution from on- Japan Asia to be listed on the NYSE.
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