SBBJ Revises FCNR(B) Deposit Interest Rates

Jaipur: The State Bank of Bikaner and Jaipur on Monday revised its FCNR(B) rates for fresh deposits and renewals.

The new rates in the maturities of one to five years for US dollar are 2.34 percent, 2.71 percent, 4.14 percent, 4.50 cent and 4.77 percent.

While for GB Pound it is 2.80 percent, 3.24 percent, 4.54 percent, 4.76 percent and 4.92 percent, respectively, for Euro it has been fixed at 2.27 percent, 2.29 percent, 3.34 percent, 3.40 percent, and 3.51 percent respectively.

"These rates are applicable on fresh deposits and renewal of existing deposits," the bank said in a statement here, adding the interest rates on NRE term deposits remain unchanged at 9 percent for deposits of 1 year to upto 10 years maturity.