From correspondents in Maharashtra, India, 03:33 PM IST

Bank of Rajasthan, one of the fastest growing, technology driven and customer friendly private sector bank, has announced a increase in Non-Resident (External) Rupee Deposits (NRE) and Foreign Currency Non-Resident Deposits (Banks) FCNR (B) with effect from September 17, 2008.

(A) NRE Fixed Deposits

As per the revised rates, interest rates on Non-Resident (External) Rupee deposits for :

1 year to less than 2 years has been increased to 3.71% from 3.21% p.a.

2 year to less than 3 years has been increased to 3.81% from 3.31% p.a.

and rate for 3 years and above has been increased to 4.13% from 3.63% p.a.

(B) FCNR Deposits

The interest rate on FCNR (B) deposits in U.S. Dollar for :

1 year to less than 2 years has been increased to 2.96% from 2.46% p.a.

2 years to less than 3 years has been increased to 3.06% from 2.56% p.a.

3 years & above but less than 4 years has been increased to 3.38% from 2.88% p.a.

4 years & above but less than 5 years has been increased to 3.60% from 3.10% p.a.

5 years only has been increased to 3.76% from 3.26% p.a.

The interest rates on FCNR (B) deposits in Great Britain Pounds for :

1 year to less than 2 years has been increased to 5.77% from 5.27% p.a.

2 years & above to less than 3 years has been increased to 5.15% from 4.65% p.a.

3 years only has been increased to 5.13% from 4.63% p.a.

The interest rates on FCNR (B) deposits in Euro for

1 year to less than 2 years has been increased to 5.08% from 4.58% p.a.

2 years and above but less than 3 years has been increased to 4.63% from 4.13% p.a.

3 years only has been increased to 4.53% from 4.03% p.a.

Source: Press Release Distribution via India PRwire