Interest Rates (From November 1, 2006)
- From: "State Bank of India, N R I Branch, Kolkata, India" <nribranch@xxxxxxxxx>
- To: "NRI-News Mail SBI NRI Branch Kolkata" <nribranchkolkata@xxxxxxxxxxxxx>
- Date: Wed, 1 Nov 2006 23:38:31 +0530
Dear Sir / Madam,
Greetings to you.
FCNR deposit rates witnessed a marginal increase for all currencies. Interest
rates are higher for shorter maturities and offer higher returns for 1year to
less than 2 year maturities. It would, therefore, be prudent to invest for 23
months to derive maximum advantage.
Interest rates for NRE deposits also witnessed a marginal increase to 6.34%
from 6.30% for one year to 2 years. Please open the attachment for details.
For placing NRE deposits equivalent of Rs. 10 lacs (INR 1,000,000) and above,
we are in a better position to quote highly competitive online exchange rates
for all currencies for conversion to Indian Rupees so as to maximise your
savings.
YOUR INVESTMENTS ARE 100% SAFE AT HOME WITH STATE BANK OF INDIA.
With best wishes,
Sunanda Das
Assistant General Manager
State Bank of India
NRI Branch, Kolkata
November 1, 2006.
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