• search

CBI ups interest rates on FCNR (B) deposits

Written by: Staff

Mumbai, May 2 (UNI) Central Bank of India (CBI) has increased the interest rates on its dollar-denominated FCNR (B) deposits across all maturities with effect from May 1, 2006, said a release here today.

For a maturity of one year to less than two years and for two years to less than three years, the rates stand enhanced from 5.29 per cent to 5.33 per cent and 5.34 per cent respectively.

For three years to less than four years and for four years to less than five years, the rates have been upped from 5.27 per cent to 5.35 per cent and from 5.30 per cent to 5.39 per cent respectively.

For a maturity of five years, the rate has been increased from 5.31 per cent to 5.43 per cent.

Interest rates on NRE time deposits for all maturities remain unchanged at 6.30 per cent, stated the release.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more