PRESS RELEASE State Bank of India revised interest rates on FCNR(B) and NRE Deposits
A. SBI has increased interest rates on NRE Fixed Deposits by 12 to 15 basis points wef 1st December 2011. The revised interest rate chart is as under :Duration
Existing Rates
1 year to less than 2 years 2 year to less than 3 years 3 yrs to 5 years.
3.69 3.36 3.52
Revised Rates w.e.f. 1st December 2011 3.82 3.51 3.64
B. Interest rate on FCNR (B) deposits in USD has also increased by 5 to 15 basis points for maturities 1 year and above but less than 5 years.. wef 1st Dec. 2011. The revised interest rate chart in all the six currencies i.e. USD, EURO, GBP, CAN$, AUD and JPY is as under :Maturities (a)
(b)
(c)
(d)
(e)
1 yr and above but less than 2 yrs. 2 yrs and above but less than 3 yrs. 3 yrs and above but less than 4 yrs. 4 yrs and above but less than 5 yrs. 5 yrs only
FCNR(B) USD EURO 2.32 3.26 (2.19) (3.33)
RATE OF INTEREST (%P.A.) GBP CAN$ AUD JPY 3.07 2.98 6.13 1.81 (3.01) (2.96) (6.27) (1.80)
2.01 (1.86)
2.72 (2.80)
2.68 (2.62)
2.40 (2.43)
5.03 (5.53)
1.67 (1.61)
2.14 (2.02)
2.89 (2.93)
2.73 (2.75)
2.51 (2.60)
5.16 (5.62)
1.69 (1.63)
2.35 (2.30)
3.11 (3.10)
2.84 (2.94)
2.65 (2.78)
5.43 (5.87)
1.73 (1.68)
2.95 (3.14)
2.80 (2.97)
5.59 (6.00)
1.80 (1.74
2.59 3.34 (2.62) (3.29) Figures in ( ) are indicating existing interest rates
NRE & NRO Savings account
Attractive interest rate available on NRE & NRO Savings account
-
4.00% p.a.
Interest for all rupee savings accounts will be calculated on the daily closing balances maintained in the account.