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Wednesday, Aug 09, 2006

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Industry & Economy - NRIs
FCNR, NRE deposit rates reduced

Our Bureau

Mumbai, Aug. 8

Bank of Rajasthan has decreased interest rates on NRE and FCNR (B) deposits, with effect from August 1. The revised interest rates on NRE term deposits of one year to less than two years is 6.54 per cent (6.70 per cent), on deposits of two years to less than three years it is 6.44 per cent per and deposits of three years it is 6.42 per cent against 6.70 per cent. FCNR (B) deposits in dollar for two years to less than three years and three years has been reduced to 5.44 per cent (5.69 per cent) and 5.42 per cent (5.68 per cent).

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