Vijaya Bank ups interest rates on NRE deposits

BANGALORE: Public sector lender Vijaya Bank, has announced the upward revision of its Non-resident external (NRE) deposits. The new revised rates comes into effect from January 1, 2012.

As per the latest guidelines from RBI, the interest rates for NRE deposits for maturity periods of revised rates less than 5 crore more than 5 crore for one year to less than two years 3.82 9.25 9.00, for two years to less than three years 3.51 9.00 9.00, for three years to less than five Years 3.64 9.00 8.50 and for the maturity period of five years and above 8.75 8.25.