OREANDA-NEWS. December 29, 2011. IDBI Bank has revised Interest rates on NRE deposits to 9.5% p.a. for deposits with maturity ranging from 1 year 1 day to 10 years. The Interest rates on deposits for maturity period of 1 year will be 9.25% p.a. This rate will be applicable on fresh NRE deposits & renewal of maturing deposits. The interest rates will stand revised from December 28, 2011.

The revised interest rates are as follows -

Maturity Slab

Interest Rate (% p.a.)

1 year

9.25 %

1 year 1 day - 10 years

9.50 %