State Bank of India has raised the interest rate on new NRI term deposits up to 0.30 per cent across various maturities effective from Tuesday.
The revised rate for one year but less than two years is four per cent (3.8 per cent being the previous rate), SBI said in a statement.
The rate for two years but less than three years is 4.4 per cent (4.1 per cent) and for the three years to five years 4.6 per cent (4.3) per cent.
The country's largest commercial bank has also revised rates for foreign currency non-resident (banks) deposits denominated in US dollar, Euro and British Pound.
One year to less than two year FCNRB deposits in US dollar would attract 3.28 per cent (3.01 per cent), those in Euro 2.08 per cent (2.04 per cent) and British Pound deposits 4.93 per cent (4.72 per cent) respectively, it said.