Bank of Rajasthan revises interest rates

Indore, July 12 (UNI) The Bank of Rajasthan Ltd, one of the leading private sector banks, has revised interest rates on NRE and FCNR(B) deposits.

According to a bank release, the interest rate on NRE term deposits for the maturity period of 1 year to less than 2 years and 2 year to less than 3 years are increased from 6.40 percent to 6.70 percent and for maturity period of 3 years the rate has been raised from 6.50 percent to 6.70 percent.

The interest rates on FCNR(B) deposit in US Dollar for the period 1 year to less then 2 years has been increased from 5.43 percent to 5.69 percent and for the maturity period 2 years to less then 3 years from 5.43 percent to 5.69 percent. The interest rate for USD deposits for 3 years period has been raised from 5.45 percent to 5.68 percent.

In case of GBP deposits for the maturity period of 1 year to less than 2 years, the interest rate has been increased from 4.94 percent to 5.01 percent, while for the maturity period of 2 years to less than 3 years has been increased from 5.03 percent to 5.13 percent and for the maturity period of 3 years, the interest rate has been increased from 5.08 percent to 5.19 percent.

In case of Eero deposits for the maturity period of 1 year to less than 2 years, the interest rate has been increased from 3.32 percent to 3.52 percent, while for the maturity period of 2 years to less than 3 years has been increased from 3.61 percent to 3.82 percent and for the maturity period of 3 years, the interest rate has been increased from 3.73 percent to 3.94 percent.

UNI AA SP 1446