Indian Banks Hike Rates to Lure NRI Deposits 2011-12-22 06:56:20

Interest rates paid by Indian banks on NRE savings, term deposits and ordinary non-resident (NRO) savings accounts were deregulated by RBI. As stated by Central Bank, rates on non-resident deposits cannot go higher than the rates paid on term deposits...

Keywords: non-resident bases, Reserve Bank of India, higher rates on deposits, State Bank of India

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Indian Banks hike interest rates for foreign currency non-resident Indian deposits. 2016-01-05 11:13:43

Indian Bank, Public sector lender, has revised its interest rates upwards for NRIs with an immediate effect. The move from the public sector lender means to hike interest rates for foreign currency non-resident Indian deposits. The interest rate has been...

Keywords: Indian Banks, Indian Banks, Indian Banks, NRI deposits

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NRI Deposits Jump 48% In First Four Months Of Financial Year 2015-09-21 08:07:54

Global Indians, attracted by the depreciation of rupee against the dollar and greater domestic interest rates, deposited increased amounts in India. Non-resident Indians (NRI) deposits jumped 48% in the first four months of the financial year. The Reserve Bank of...

Keywords: Reserve Bank of India, NRIs, deposits, deposits

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RBI frees rates on NRI deposit schemes 2011-12-20 09:50:39

The Reserve Bank freed interest rates on various non-resident deposit schemes, a move that will help attract more funds from NRIs and arrest the slide in rupee in the forex market. The decision to de-regulate interest rates on such deposits...

Keywords: forex market, NRI deposits interest rates, forex market, NRI deposit accounts

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