The bank now offers non-resident Indians the same deposit rates as offered to resident Indians.Įarlier in the day, Yes Bank raised rates on NRE deposits to 6 per cent for balance up to Rs 1 Lakh and by 3 per cent to 7 per cent for over Rs 1 Lakh balance. It has also changed NRE fixed deposit rates to the same level as domestic rates to 9.6 per cent. Rates for deposits with time-frame of 2-3 years have been increased to 8.5 per cent from 3.5 per cent while that for 3-5 year deposits, they now stand at 8.25 per cent from 3.64 per cent.
HDFC bank lifted interest rates to 9 per cent on Non-Resident (External) rupee deposits that are valid for a period of 1-2 years. Almost a week after the RBI set interest rates on various non-resident deposit schemes free, HDFC Bank announced on Thursday raised rates on non-resident (external) NRE deposit rates to a staggering 9 per cent from 3.82 per cent.
