Banks play numerology with FD rates

At first, it seemed banks had caught the numerology bug. What else could explain the high interest rates on fixed deposits (FDs) with odd tenures? ICICI Bank is offering 8% interest on FDs for 390 days whereas one-year deposit earns 7.75% interest.

For more details, refer

http://timesofindia.indiatimes.com/business/india-business/Banks-play-numerology-with-FD-rates/articleshow/7208105.cms