Recently the State bank of Bikaner and Jaipur revised it FCNR (B) rates. The bank has announced new rates for the fresh deposits and renewals. For the maturities in one to five years for US dollars the bank has revised the rates. The new rates are 2.34 per cent, 2.71 per cent, 4.14 per cent, 4.50 cent and 4.77 per cent.
The new rates will be applicable for all the new deposits and renewals of the existing deposits. The bank stated that the rate for the NRE deposits will remain fixed at 9%. Euro it has been fixed at 2.27 per cent, 2.29 per cent, 3.34 per cent, 3.40 per cent, and 3.51 per cent respectively.