Saturday, January 21, 2012

Increase in the interest rates of Non Resident Indian (NRI) Deposits in India


Increase in the interest rates of Non Resident Indian (NRI) Deposits...

In December month, many banks are increased theit interest rates on NRI deposits.

Up to now only 3.82% interest given by many banks.

With the effect of 16 th of this December 2011, all banks are increases their interest rates on NRE (Non resident external), NRO (Non resident ordinary) deposits.

Many banks are increases up to 8% to 10% of interest on NR deposits.

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