OREANDA-NEWS. November 28, 2011. Central Bank of India has revised the rate of interest on NRE/FCNR-B/RFC deposits. The rates will be effective for all fresh deposits as well as renewal of existing deposits made after the close of business on November 23, 2011 will be as under:

NRE Deposit Interest Rates:

Period of NRE Deposit

Interest rate % p.a.

1 Year to less than 2 years

3.68

2 Years to less than 3 years

3.36

3 years only

3.51

NRE Savings Bank

Remains unchanged at 4.00 %

FCNR(B) Deposit Interest Rates % p.a.

Period of deposit

USD

GBP

EUR

CAD

AUD

1 year to less than 2 years

2.19

3.01

3.33

2.95

6.27

2 years to less than 3 years

1.86

2.62

2.80

2.43

5.53

3 years to less than 4 years

2.02

2.75

2.93

2.60

5.62

4 years to less than 5 years

2.30

2.94

3.09

2.78

5.87

5 years only

2.62

3.13

3.29

2.97

6.00

Overdue Deposit

1.19

2.01

2.33

1.95

5.27

RFC (USD) DEPOSIT Interest Rates

Period of USD deposit

% p.a.

6 months to less than 12 months & Savings A/c.

0.94

Overdue deposits

NIL