Mumbai: State Bank of India today revised its
interest rates on foreign currency non-resident (b) account
deposits and non-resident external term deposits with
With this, FCNR (B) deposits in US Dollar, having a
maturity of 1-2 years will now attract an interest of 1.98 per
cent as against 2.02 per cent earlier, the bank said in a
press release issued here.
Dollar deposits in 2-3 years, 3-4 years and 4-5 years,
will attract a rate of 2.39 per cent (2.01), 3.04 per cent
(2.56 per cent) and 3.54 per cent (3 per cent) respectively,
the release said.
Similarly, deposits in Euro and Pound, having 1-2 years
maturity, will now attract 2.22 per cent and 2.25 per cent
(2.22 per cent) respectively, the bank said.
Deposits in the above currencies having 2-3 years
maturity will offer rate of 2.88 per cent (2.75) and 3.03 per
cent (2.76) respectively, the bank said.
Interest rates for NRE Rupee term deposits, in the 1-2
years maturity, will now offer a rate of 2.73 per cent (2.77)
while those in 2-3 years and 3-5 years will carry 3.14 per
cent (2.76) and 3.79 per cent (3.31 ) respectively, it said.
First Published: Friday, January 01, 2010, 20:13