HDFC Bank increases NRE deposit rates

New Delhi, July 7 (UNI) Country's leading Housing Development Finance Corporation (HDFC) Bank today said it has upwardly revised the interest rate on its NRE Deposits effective from July 1, 2007.

Deposits of three to five years' maturity will now earn an interest rate of 5.45 per cent against 5.29 per cent earlier.

Those of two to less than three years maturity will earn 5.43 per cent against 5.31 per cent.

The rates of interest on deposit of maturity between one and two years would be 5.42 per cent as against 5.39 per cent.

The NRE rates were last revised a month ago, on June 1, 2007.

UNI