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Jan
5
Effective from January 01, 2010, banks in India offering NRE deposits have reduced their interest rates. For NRE fixed deposits of 1 to 2 years term, the new interest rate is 2.77%. The interest rate is 2.76% for a term of 2 years and above but less than 3 years. For a NRE deposit of 3 years and above, upto 5 years the interest rate is 3.31%.