Bank of Rajasthan Revises Interest Rates on NRE & FCNR deposits
Bank of Rajasthan, one of the fastest growing, technology driven and customer friendly private sector banks, has announced revision in interest rates on Non-Resident (External) Rupee (NRE) and Foreign Currency Non-Resident Deposits (Banks) (FCNR) (B) with immediate effect.
Tweet-- Bank of Rajasthan, one of the fastest growing, technology driven and customer friendly private sector banks, has announced revision in interest rates on Non-Resident (External) Rupee (NRE) and Foreign Currency Non-Resident Deposits (Banks) (FCNR) (B) with immediate effect.
(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 2.59% from 2.60% p.a.
2 year to less than 3 years has been revised to 2.83% from 2.91% p.a.
and rate for 3 years and above has been revised to 3.44% from 3.53% p.a.
(B) FCNR Deposits Rates
The interest rate on FCNR (B) deposits in U.S. Dollar for:
1 year and above but less than 2 years has been revised to 1.84% from 1.85 % p.a.
2 years and above but less than 3 years has been revised to 2.08% from 2.16 % p.a.
3 years and above but less than 4 years has been revised to 2.69% from 2.78 % p.a.
4 years and above but less than 5 years has been revised to 3.20% from 3.29 % p.a.
5 years only has been revised to 3.62% from 3.71 % p.a.
The interest rates on FCNR (B) deposits in Great Britain Pounds for:
1 year and above but less than 2 years has been revised to 2.30% from 2.26 % p.a.
2 years and above but less than 3 years has been revised to 2.57% from 2.75 % p.a.
3 years and above but less than 4 years has been revised to 3.11% from 3.36% p.a.
4 years and above but less than 5 years has been revised to 3.58% from 3.81 % p.a.
5 years only has been revised to 3.94% from 4.14 % p.a.
The interest rates on FCNR (B) deposits in Euro for
1 year and above but less than 2 years remains the same to 2.20% p.a.
2 years and above but less than 3 years has been revised to 2.45% from 2.68 % p.a.
3 years and above but less than 4 years has been revised to 2.85% from 3.08 % p.a.
4 years and above but less than 5 years has been revised to 3.18% from 3.37 % p.a.
5 years only has been revised to 3.47% from 3.63 % p.a.
Further, interest rates on FCNR (B) deposits in Japanese Yen, Australian Dollars and Canadian Dollars have also been revised for various maturities up to maximum period of 5 years.
Notes to Editor
About Bank of Rajasthan
Established way back in 1943, Bank of Rajasthan is one of the fastest growing private sector banks in the country, which has made rapid strides by making consistent profits for past several years. With a wide network of 463 branches in the entire length and breadth of the country, Bank of Rajasthan has emerged as one of the largest old private sector banks in the country. The bank has made consistent progress during the last few years. The Bank has over 2 million customer base and offers ATM facilities at over 53,000 ATMs of all banks across the country. All the branches of bank spread over 286 cities across India in 22 states and 2 union territories are offering online services. The bank has covered 125 cities in Rajasthan alone.
