OREANDA-NEWS. December 27, 2011. Central Bank of India has revised the rate of interest on NRE Term deposits. Revised interest rates, applicable to fresh NRE TERM deposits accepted / renewals made on or after December 27, 2011 will be as under:

NRE Deposit Interest Rates:

Period of NRE Deposit

Interest rate % p.a.

1 Year to less than 2 years

9.25

2 Years to less than 3 years

9.00

3 years

8.75

NRE Savings Bank

Remains unchanged at 4%