Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-includes/cache.php on line 99

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-includes/query.php on line 21

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-includes/theme.php on line 576

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/exec-php.php on line 22

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/includes/manager.php on line 36

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/includes/manager.php on line 37

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/includes/manager.php on line 38

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/includes/manager.php on line 39

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/includes/admin.php on line 53

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/includes/admin.php on line 56

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/includes/admin.php on line 57

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/includes/admin.php on line 63

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/includes/admin.php on line 64

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/includes/admin.php on line 79

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/includes/cache.php on line 22

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/includes/cache.php on line 39

Deprecated: Assigning the return value of new by reference is deprecated in /home/rate1234/public_html/news/wp-content/plugins/exec-php/includes/ajax.php on line 64
 
SBI, ICICI and other banks hike FCNR rates | Ratekhoj.com, Best Fixed Deposits, Loans, Insurance Rates and Credit Cards

SBI, ICICI and other banks hike FCNR rates

Posted in FCNR  by Ram Vishnu
May 11, 2012



SBI, ICICI and other banks have FCNR deposit accounts to NRIs have increased the interest rates being offered based on a RBI hike in ceiling on interest offered by such accounts. The rates have gone up by 75bps or 0.75% for FCNR deposits of  between 1 and 3 years. The rates have gone up by 175 bps or 1.75% for deposits with maturity periods of over 3 years. With this hike, FCNR deposits now give an interest rate of 3.67% for deposits of between 2 and 3 years, while deposits of 5 years duration now fetch an interest rate of 4.11%.




Comments

Leave a Reply




Security Code: