NRE Deposit

  • RBI hikes rates on NRE, FCNR(B) deposits November 23, 2011

    Mumbai: The Reserve Bank of India (RBI) on Wednesday hiked interest rates on Non-Resident (External) Rupee term deposits and Foreign Currency Non-Resident (Banks) deposits, a move expected to increase the flow of foreign exchange amid the weakening domestic currency. "Interest rates on fresh Non-Resident (External) Rupee (NRE) Term Deposits for 1-3...
  • PNB revises FCNR, NRE deposit rates June 21, 2007

    New Delhi: Punjab National Bank has revised the rates of interest on Foreign Currency Non-Resident (B) Deposit Scheme for the US dollar, British pound, Euro and the Canadian and Australian dollar with effect from December 1. The interest rate on US dollar deposits has been revised to 5.24 per cent for...