Nri Fixed Deposits

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  How NRIs Can Avail SBI Loans Against Fixed Deposits (FDs)

  Customers of State Bank of India (SBI) can avail instant loan credit against their fixed deposits with SBI's NRI banking services.

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  SBI Revises Fixed Deposit Interest Rates For NRIs. Here Are The Details

  SBI offers a rate of interest that ranges between 4.25% and 6.25% to the NRIs on fixed deposits (FDs). The interest rate depends on the time duration for which the deposit has been made.

• RBI says to subsidise banks' NRI deposits from September 10

  The RBI said it will buy dollars from the participating lenders at an agreed-upon rate, while providing the banks a forward swap at a fixed annual rate of 3.5 percent.

• RBI to offer swap rate at concessional rates for NRI deposits: Raghuram Rajan

  The central bank will offer the swap for dollar funds mobilised for three years and above at a fixed rate of 3.5 per cent per annum at a concessional rate of 100 basis points below the market rate, he said.

• Syndicate Bank raises NRI deposit rates by 1 per cent

  State-owned Syndicate Bank said on Wednesday that it has made upward revision of the rate of interest on foreign currency and non-resident (FCNR) banks for US dollar deposits of 3 to 5 years by 1 per cent, effective from August 22.

• Dena Bank raises NRI deposit interest rates by 1 per cent

  Dena Bank has raised interest rates on NRI deposits of over 3 years by 1 per cent, days after the Reserve Bank of India (RBI) deregulated interest rates on such deposits.

• PNB raises NRI deposits rates by 1 per cent

  The fixed deposits between 3-4 years in US dollar would attract 4.78 per cent as compared to 3.78 per cent. Similarly, 4-5 years term deposit would earn 5.17 per cent against 4.17 per cent, it said.

• SBI raises fixed deposit rates in foreign currency by 1.75%

  State Bank of India today raised interest rates on fixed deposits in foreign currency by up to 1.75 per cent.

• RBI allows banks to fix rates on non-resident deposits

  Banks are free to determine interest rates on both savings deposits and term deposits for NRIs