SBI raises NRI deposit rates

SBI raises NRI deposit rates

Deposits below Rs10 million will earn interest rates of 9.25%, while those above Rs10 million will earn 9% for 1-2 years maturity from 3.82% earlier, it said in a press release.

The Reserve Bank of India deregulated interest rates on non-resident external (NRE) rupee deposits and ordinary non-resident accounts earlier this month to provide greater flexibility to banks to attract dollars.

Close