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HDFC Bank opens special window offering 6.80% interest for NRE deposits

The window, which is available on Wednesday and Thursday, offers an annual rate of 6.80 per cent on NRE deposits worth Rs 2 crore to less than Rs 150 crore

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In NRE deposits, the foreign currency is converted into rupees at the time of setting up the deposit. (Photo: Bloomberg)

BS Reporter Mumbai

2 min read Last Updated : Jul 27 2022 | 9:09 AM IST

India’s largest private lender, HDFC Bank, has set up a two-day window for Non-Resident External (NRE) deposits offering interest rates that are significantly higher than those currently available, sources said.

The window, which is available on Wednesday and Thursday, offers an annual rate of 6.80 per cent on NRE deposits worth Rs 2 crore to less than Rs 150 crore for tenures ranging from 12 months to 15 months.

For domestic deposits worth Rs 2 crore to less than Rs 5 crore with tenure of one year to less than 15 months, HDFC Bank currently offers 6.25 per cent, data

Topics : HDFC Bank Private banks Interest Rates Indian banking sector Banking sector deposit rates Central bank

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