Home > News > Karnataka Bank Revised NRE Deposits Rates To 9.75%

Karnataka Bank Revised NRE Deposits Rates To 9.75%

Karnataka Bank has announced their revised interest rates for their Non Resident Accounts (NRE) deposits. As per the revised interest rates, now bank will offer 9.75% interest for the “repatriable” NRE account deposits for a year.

karnataka bank

After deregulation in the domestic saving account, latest move of RBI to regulate NRE deposits will offer better interest rates to its non residential Indian customers too. As interest on NRE accounts is not taxed in India, so customers residing outside India will get benefit of high interest with either no or lower tax payments.

Check Also

Reasons to link PAN card with Aadhar card

EPFO Data Leak: Retirement Fund Body Suspends CSC Services And Denies Reports

Amidst continuous EPFO data leak reports regarding data theft of about 2.7 crore people registered …