Interest rates for NRE deposits having one to two years, two to three years and three years and above tenures have been revised to 3.01 per cent (3.08), 3.10 per cent (3.10) and 3.67 per cent (3.74) respectively
The Union Bank of India has reduced interest rates on foreign currency non-resident bank account deposits and non-resident external rupee account deposits with immediate effect. Following are the new rates.
– US Dollar deposits, having a maturity of one to two years will now attract a rate of 2.26 per cent (2.33 per cent) while those having two to three years and three to four years will have rates of 2.35 per cent and 2.92 per cent respectively (2.99 per cent)
– Deposits in Pound, having one to two years, two to three years and three to four years will now have rates of 2.10 per cent (2.23), 2.87 per cent (2.96) and 3.55 per cent (3.62) respectively
– Deposits in Euro, in the above maturities, will now offer, 2.24 per cent (2.30), 2.75 per cent (2.77 per cent) and 3.17 per cent (3.21) respectively
– Interest rates for NRE deposits having one to two years, two to three years and three years and above tenures have been revised to 3.01 per cent (3.08), 3.10 per cent (3.10) and 3.67 per cent (3.74) respectively