Leading private sector lender, ING Vysya Bank has hiked NRE deposit rates. The move has come after most of the leading banks have already hiked their respective rates.

For tenure of 366-500 days, the bank is now offering 9.00% interest rate when the amount is below Rs. 15 lakh. Amount above Rs. 15 lakh for the same maturity period will now earn interest rate of 9.5%.

The bank has hiked the rates across various other maturity periods also.