Banking News

After HDFC Bank, more banks may offer higher rates on NRE deposits


For domestic deposits worth Rs 2 crore to less than Rs 5 crore with a tenure of one year to less than 15 months, HDFC Bank offers 6.25 per cent, data on the lender’s website showed

Topics

Banks | HDFC Bank



Bhaskar Dutta  | 
Mumbai 




After India’s largest private lender HDFC Bank set up a two-day window for non-resident external rupee (NRE) deposits offering significantly higher interest rate than those currently available, more banks are likely to come up with such offers, bankers said.



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First Published: Thu, July 28 2022. 06:15 IST





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