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Foreign Exchange Management Act
RBI/2007-2008/41 July
2, 2007 All
Scheduled Commercial Banks
Dear Sir
Master Circular on Interest Rates on Rupee Deposits held in Domestic, Ordinary Non-Resident (NRO) and Non-Resident (External) (NRE) Accounts
Please refer to the Master Circular DBOD No. Dir. BC. 6/13.03.00/ 2006-07 dated July 1, 2006 consolidating the instructions/guidelines issued to banks till June 30, 2006 relating to Interest Rates on Rupee Deposits held in Domestic, Ordinary Non-Resident (NRO) and Non-Resident (External) (NRE) Accounts. The Master Circular has been suitably updated by incorporating the instructions issued up to June 30, 2007 and has been placed on the RBI website (http://www.rbi.org.in).
Yours faithfully
(P.
Vijaya Bhaskar ) |
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