IDBI Bank has increased interest rates on foreign currency non-resident (FCNR) and non-resident external (NRE) deposits across select maturity buckets, the bank said on Thursday.
The bank increased FCNR rates by 100 basis points (bps) for deposits on three years and above. For NRE deposits, the rates have been hiked by 50 bps to 9.50% for 3-5 years and by 25 bps to 9% for 5-7 years.
The changes will be effective from August 20 and will be valid up to November 30, the bank said.
Also Read
Chef turned woman into ?200-a-night prostitute
Shraddha Kapoor on money, sex and Rs 100 crore club
World’s fastest bowler: Morne Morkel at a humongous 173.9 kmph at IPL 2013, but Hawk-Eye was not looking
Gopi Arora, force behind Rajiv?s PMO, dies at 76
