Bank of Rajasthan revises NRE, FCNR rates

Mumbai, Oct 6: The Bank of Rajasthan (BoR), one of the fastest private sector banks in the country, has revised interest rates on NRE and FCNR (B) deposits effective from October one.

Accordingly, the interest rates on NRE deposits have been revised to 6.30 per cent per annum for one year to less than two years, 6.09 per cent for two years to less than three years and 6.01 per cent for three years and above, said a BoR press release.

The interest rate on US dollar deposits has been revised to 5.30 per cent per annum for maturity of one year to less than two years, 5.09 per cent for two to three years, 5.01 per cent for three years and above, but less than five years and 5.04 per cent for five years, the release added.

UNI