Public sector lender, Dena Bank has raised deposit rates for NRI deposits in Pound and Euro currencies. The bank's rate hike follows the deposit rate hike by SBI.
Interest rates in Euro will now lie in the range of 2.51% to 3.20%. Pound Sterling currency will fetch interest in the range of 2.48% to 3.16%.
The FCNR deposit rates with revised figures have come into effect from 01 November 2010.
The rates in Euro have seen a hike across all maturities. Similar is the trend for GBP rates except for those having tenor of 1-2 years where rates have seen a dip.
Interest rates have however declined for USD. USD deposits will fetch interest ranging from 1.76 % to 2.47 %.
NRE deposits of the bank have also seen a dip in rates across different maturities.