-- IDBI Bank has revised
Interest rates on NRE deposits to 9.5% p.a. for deposits with maturity
ranging from 1 year 1 day to 10 years. The Interest rates on deposits
for maturity period of 1 year will be 9.25% p.a. This rate will be
applicable on fresh NRE deposits & renewal of maturing deposits. The
interest rates will stand revised from December 28, 2011.
The revised interest rates are as follows -
Maturity Slab Interest Rate [% p.a.]
1 year 9.25 %
1year 1 Day - years 9.50 %
Notes to Editor
About IDBI Bank:
IDBI Bank Ltd. is today one of India's largest commercial Banks. For over 40 years, IDBI Bank has essayed a key nation-building role, first as the apex Development Financial Institution (DFI) (July 1, 1964 to September 30, 2004) in the realm of industry and thereafter as a full-service commercial Bank (October 1, 2004 onwards)
The revised interest rates are as follows -
Maturity Slab Interest Rate [% p.a.]
1 year 9.25 %
1year 1 Day - years 9.50 %
Notes to Editor
About IDBI Bank:
IDBI Bank Ltd. is today one of India's largest commercial Banks. For over 40 years, IDBI Bank has essayed a key nation-building role, first as the apex Development Financial Institution (DFI) (July 1, 1964 to September 30, 2004) in the realm of industry and thereafter as a full-service commercial Bank (October 1, 2004 onwards)
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