The largest lender of the country, State Bank of India has announced increase in deposit rates for NRI deposits for different maturities.

Deposits for NRIs will now earn them up to 26 basis points rise in interests in foreign currencies.

For a deposit having tenor of 4 years to less than 5 years, the interest will be 3.9% in Euros as against 3.64% earlier.

Deposits in INR have however experienced a dip by as much as 3 bps for maturity upto 5 years.