Bank of Baroda and Dena Bank revise NRI deposit rates

 

New Delhi, March 1, 2008
Ashok Malhotra

The Bank of Baroda and Dena Bank, today revised the interest rates of non resident external (NRE) term deposits and foreign currency non resident bank (FCNR(B) deposits:

• FCNR(B) deposits in the US dollar-
  • maturity of 1-2 years: 1.96 per cent, as against the earlier 2.10 per cent
  • Deposits for 2-3 years, 3-4 years, 4-5 years and five years and above, the revised rates are 1.87 (2.09) pc, 2.19(2.33) pc, 2.48(2.57) pc, 2.74(2.78) pc respectively
• Deposits in pound- the revised rates in above maturities are :
  • 4.81(4.61) pc, 4.16(4.23) pc, 4.14 (4.21), 4.18 (4.24) pc and 4.21(4.24)pc
• Deposits in euro
  • 2.71(2.85) pc for 1-2 years, 2.62(2.84) pc for 2-3 years and 2.94(3.08) pc for 3-4 four years,