From correspondents in Maharashtra, India, 11:44 AM IST

(A) NRE Fixed Deposits Rates

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

1 year to less than 2 years has been revised to 4.46% from 3.71% p.a.

2 year to less than 3 years has been revised to 3.76% from 3.81% p.a.

and rate for 3 years and above has been revised to 4.06% from 4.13% p.a.

(B) FCNR Deposits Rates

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

1 year to less than 2 years has been revised to 3.71% from 2.96% p.a.

2 years to less than 3 years has been revised to 3.02% from 3.06% p.a.

3 years & above but less than 4 years has been revised to 3.31% from 3.38% p.a.

4 years & above but less than 5 years has been revised to 3.45% from 3.60% p.a.

5 years only has been revised to 3.64% from 3.76% p.a.

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

1 year to less than 2 years has been revised to 6.27% from 5.77% p.a.

2 years & above to less than 3 years has been revised to 5.07% from 5.15% p.a.

3 years only has been revised to 5.00% from 5.13% p.a.

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

1 year to less than 2 years has been revised to 5.24% from 5.08% p.a.

2 years and above but less than 3 years has been revised to 4.37% from 4.63% p.a.

3 years only has been revised to 4.34% from 4.53% p.a.

Source: Press Release Distribution via India PRwire