October 22, 2008, Ratekhoj.com. DBS Bank, a foreign bank operating in India, is now offering the highest interest rate for NRO fixed deposits among all the banks in India. DBS Bank is offering the highest fixed deposit rate of 11.25% for a term of 1 year to 2 years for fixed deposit amounts below Rs. 15 lacs.

There are several banks offering an interest rate of 11.00% for NRO fixed deposits currently. They include ING Vysya Bank, Union Bank of India, Karur Vysya Bank and Tamilnad Mercantile Bank. This rate is being offered for various fixed deposit terms between 1 and 3 years.

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