CENTRAL BANK OF INDIA REVISES INTEREST RATE ON FCNR (B) DEPOSITS W.E.F. MAY 05, 2012

Revised interest rates, applicable to fresh FCNR(B) deposits accepted / renewals made on or after May  05, 2012 will be as under:

PERIOD OF DEPOSIT	USD	GBP	EUR	CAD	AUD
1 year to less than 2 years	3.05	3.86	3.30	4.05	6.95
2 years to less than 3 years	2.56	3.38	2.95	3.69	5.70
3 years to less than 4 years	3.67	4.47	4.07	4.81	6.76
4 years to less than 5 years	3.88	4.58	4.25	4.92	6.99
5 years only	4.11	4.70	4.45	5.03	7.09
OVERDUE DEPOSIT	2.05	2.86	2.30	3.05	5.95

SOURCE: https://www.centralbankofindia.co.in/upload/news/NRE_INT.pdf