SBI cuts rates on NRE/NRO deposits

State Bank of India on Monday said it has reduced interest rates in NRE/NRO deposits of five years and more maturity, to 8.50 per cent.

PTI

New Delhi,
Updated Aug 6, 2012 11:27 PM IST

State Bank of India on Monday said it has reduced interest rates in NRE/NRO deposits of five years and more maturity, to 8.50 per cent.

"The bank has decided to revise downwards the interest rates on NRE/NRO deposits for tenors of 5 years and above to 8.50 per cent per annum with effect from August 7, 2012," it said in a BSE filing.

Union Budget 2026 | Finance Minister Nirmala Sitharaman presented her record 9th Union Budget on February 1. The Budget has brought relief for travellers, students, exporters and clean-energy sectors, while tightening the screws on tax non-compliance and speculative trading.
Track live Budget updates, breaking news, expert opinions and in-depth analysis only on BusinessToday.in

Published on: Aug 6, 2012 11:20 PM IST

SBI cuts rates on NRE/NRO deposits

State Bank of India on Monday said it has reduced interest rates in NRE/NRO deposits of five years and more maturity, to 8.50 per cent.

Related Articles

TOP STORIES

TOP VIDEOS