Bank of Rajasthan hikes interest rates on NRE

Mumbai, June 8 (UNI) The Bank of Rajasthan Ltd, one of the leading private sector banks, has revised interest rates on NRE and FCNR (B) Deposits.

Accordingly, the interest rate on NRE Term deposits for the maturity period of 1 year to less than 2 years is increased from 6.30 per cent to 6.40 per cent, maturity period for 2 years to less than 3 years is increased from 6.30 per cent to 6.40 per cent, and the maturity period for 3 years has been raised from 6.40 per cent to 6.50 per cent.

The interest rates on FCNR (B) deposit in US Dollar for the period 1 year to less then 2 years have been increased from 5.33 per cent to 5.43 per cent and for the maturity period 2 years to less then 3 years from 5.34 per cent to 5.43 per cent. The interest rate for USD deposits for 3 years period has been raised from 5.35 per cent to 5.45 per cent.

In case of EURO deposits for the maturity period of 1 year to less than 2 years, the interest rate has been remained stable at 3.32 per cent, while for the maturity period of 2 years to less than 3 years have increased from 3.64 per cent to 3.61 per cent and for the maturity period of 3 years has been reduced from 3.78 per cent to 3.73 per cent.

And in case of FCNR (B) deposit in GBP for the period 1 year to less than 2 years have been increased from 4.87 per cent to 4.94 per cent, for maturity period 2 years to less then 3 years from 4.98 per cent to 5.03 per cent. The interest rate for GBP deposits for 3 years period has been raised from 5.06 per cent to 5.08 per cent.

UNI SN KU AG1805