OREANDA-NEWS. December 6, 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 on or after December 1, 2011 will be as under:

NRE Deposit Interest Rates:

Period of NRE Deposit

Interest rate % p.a.

1 Year to less than 2 years

3.82

2 Years to less than 3 years

3.51

3 years only

3.64

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

2.32

3.07

3.26

2.98

6.13

2 years to less than 3 years

2.01

2.68

2.72

2.40

5.03

3 years to less than 4 years

2.14

2.73

2.89

2.51

5.16

4 years to less than 5 years

2.35

2.84

3.11

2.65

5.43

5 years only

2.59

2.95

3.34

2.80

5.59

Overdue Deposit

1.32

2.07

2.26

1.98

5.13

RFC (USD) DEPOSIT Interest Rates

Period of USD deposit

% p.a.

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

1.07

Overdue deposits

NIL