NEWS & ADVICE : FIXED DEPOSITS
NRE deposit rates hiked for Indian Bank
By Neelima Shankar
Dec 30, 2011
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Indian Bank, a public sector undertaking has hiked its NRE deposit rate. The revised rates are applicable with immediate effect.

For a maturity period of one-to-three years the rate has been increased to 9.50%. This rate of interest is applicable when the deposits are below Rs. 15 lakh. Deposits above Rs. 15 lakh and upto Rs. 5 crore for the same duration will attract an interest rate of 9.25%.

Leading lenders like State Bank of India, ICICI Bank, HDFC Bank, Federal bank and several others have also revised their NRE Deposit rates.


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