SBM revises FCNR rates

State Bank of Mysore has revised interest rates on NRE, FCNR (B) and RFC deposits with effect from 1st Sep 2009 as under:

Interest rates on FCNR(B)/RFC for US $ with a maturity of 3 months & above, for less than 6 months (RFC only) is 1.35 per cent, for 6 months and above less than 1 year (RFC only) is 1.76, for 1 year and above but less than 2 years is 2.33, for 2 year and above but less than 3 years is 2.35, for 3 year and above but less than 4 years is 2.99, for 4 years and above but less than 5 years is 3.45 and for 5 years only is 3.79. Interest rates on NRE with a maturity of 1 year and above but less than 2 years is 3.08, for 2 year and above but less than 3 years is 3.10, for 3 year and above up to 5 years is 3.74 per cent.

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