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What are the rates of interest charged on loans against NRE deposit?

April 26, 2017charged deposit Loans NRE rates

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What are the rates of interest charged on loans against NRE deposit?

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The interest on loans against NRE fixed deposit accounts will be charged two percent above the rates paid by banks for the concerned deposits. The repayment of loans will have to be made either by adjustment of the deposits or by fresh remittances from abroad.