State Bank of India on Monday raised interest rates on deposits of Non Resident Indians with effect from May 1.
The bank raised the interest rates on Non Resident External rupee deposits of one year to less than 2 years to 3.08 per cent from 2.49 per cent, two years to less than three years to 3.18 per cent from 2.5 per cent and three to five years to 3.45 per cent from 2.81 per cent.
Similar hikes have been made in Foreign Currency Non Resident deposits held in dollars, pound