The Hindu Business Line : NRE, FCNR deposit rates cut

A bank release said on Friday that interest rates on NRE term deposits have been reduced to 6.41 per cent (6.54 per cent) for one year to less than two years and to 6.24 per cent (6.44 per cent) for two years to less than three years.

For the maturity period of three years to five years, the rate has been decreased to 6.18 per cent (6.42 per cent).

FCNR (B) The revised rates for FCNR (B) deposits for one year to less than two years are 5.24 per cent (5.04 per cent), 5.41 per cent (5.54 per cent) and 3.63 per cent (3.55 per cent) for pound sterling, US dollar and euro, respectively.

More Stories on : Fixed Deposits | NRIs | Interest Rates

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Tarapore panel for 3-phased road-map towards free float

Forex reserves down $ 41 m

Allow industrial houses to set up banks: Tarapore panel

Regressive, says Dr Bhalla

Re flat against $

LIC celebrations begin

New Bima Gold Policy

RBI sets up task force

Union Bank plans to raise Rs 2,400 cr

29 foreign banks operating in India: RBI

Bond market range-bound

Canara Bank to raise $300 m from bonds

Gross bank credit rises Rs 14,728 cr

Call rates unchanged

NRE, FCNR deposit rates cut

LIC plans to invest Rs 90,000 cr this yr