IDBI Bank increases interest rates on NRE Deposits

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IDBI Bank has announced to offer special interest rate offers on Non-Resident External (NRE) Deposits in pursuant to the RBI guidelines on Liberalised Forex flows.

Bank has announced that its Non-Resident customers can now avail additional 50 bps rate of interest on their NRE deposits for tenor of 1 year to 3 years.

These revised interest rates on deposits will be applicable with effect from July 14, 2022.