Interest Rates on Non-Resident (External) Rupee (NRE) Deposits- UCBs

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....e Banks Dear Sir/Madam, Interest Rates on Non-Resident (External) Rupee (NRE) Deposits- UCBs Please refer to our circular UBD (PCB) CO BPD Cir No: 37/13.01.000/2006-07 dated April 26, 2007 on the captioned subject. 2. On a review, it has been decided that until further notice and with effect from close of business in India as on September 16, 2008, the interest rates on Non- Resident (....

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....pt to our Regional Office concerned. Yours faithfully, (A. K. Khound) Chief General Manager in-Charge UBD.No.Dir.1 /13.01.000/2008-09 September 16, 2008 Interest Rate on Non-Resident (External) Rupee (NRE) Deposits In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949 (AACS) and in modification of directive UBD.No.Dir.2 /13.01.000/2006-07 dated A....