The Hindu Business Line : Bank of Rajasthan hikes FCNR, NRE rates

Bank Of Rajasthan Ltd said it has revised interest rates on NRE and FCNR (B) deposits. The interest rate on NRE term deposits for a maturity period of 1 year to less than 2 years, and 2 years to less than 3 years has been increased from 6.30 per cent to 6.40 per cent. The maturity period for 3 years has been raised from 6.40 per cent to 6.50 per cent, said a press release from the bank. The interest rates on FCNR (B) deposit in US Dollar for the period 1 year to less then 2 years and 2 years to less then 3 years have gone up to 5.43 per cent.

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