Central Bank raises NRE deposit rates
   
Quotes

Central Bank raises NRE deposit rates

Last Updated: Friday, March 1, 2013, 20:13
 
 Comment 0
 
Central Bank raises NRE deposit rates
Mumbai: Public sector Central Bank of India on Friday revised upwards interest rates on NRE deposits up to 9.25 percent.

The bank now offers interest of 9 percent for deposits of one year and less than two years and 9.25 percent for deposits of 555 days, the bank said in a note, without offering the existing rates.

The bank also revised interest rates on FCNR-B deposits in many brackets.

While bank will offer interest 3.69 percent for USD deposits of four years to less than five years, 3.92 percent for USD deposits of five years, 4.08 percent for GBP deposits of five years, 3.96 percent for euro deposits of five years, 4.68 percent for Canadian dollar deposits of five years and 6.41 percent for Australian dollar deposits of five years.

The bank said the new rates will be valid till March-end.

Meanwhile, leading NBFC, L&T Infra, a fully-owned subsidiary of L&T Finance, Friday slashed its prime lending rate by 0.25 percent to 15.50 percent.

PTI



First Published: Friday, March 1, 2013, 20:00


Comments


comments powered by Disqus
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3
Indian Billionaire Daughters
Indian Billionaire Daughters
TOP 5  happy cities of India
TOP 5 happy cities of India
Forbes Top 10 Billionaires 2015
Forbes Top 10 Billionaires 2015

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved