Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) Accounts

Last updated: 17 December 2011

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RBI/2011-12/303 DBOD.Dir.BC. 64 /13.03.00/2011-12 December 16, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) Accounts Please refer to paragraph 4 of ourcircular DBOD.Dir.BC.42/13.03.00/ 2011-12 dated October 25, 2011on Deregulation of Savings Bank Deposit Interest Rate and paragraph 1 of ourcircular DBOD.Dir.BC.59/13.03.00/2011-12 dated November 2

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Notification No : RBI/2011-12/303

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