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HDFC Bank increases NRE deposit rates
HDFC Bank has increased interest rate on its (Non-resident Indian External) NRE deposits, effective from July 1, 2007. Interest rate on NRE deposits for three to five years maturity will increase by 16 basis points to 5.45% against 5.29% earlierApnaloan.com Research Bureau
10 Aug 2007
HDFC Bank has increased interest rate on its
(Non-resident Indian External) NRE deposits, effective from July 1, 2007.
Interest rate on NRE deposits for three to five years' maturity will
increase by 16 basis points to 5.45% against 5.29% earlier. For deposits of 2 to
less than 3 year maturity, the increase is by 12 basis points to 5.43% as
against 5.31% earlier.
HDFC Bank's rate of interest for deposits maturing
between one and two years is up by 3 basis points to 5.42 per cent, as against
5.39 per cent earlier. The NRE deposit rates were last revised by HDFC Bank on
June 1, 2007.