Mumbai: A day after hiking its interest rate on term deposits, Bank of Rajasthan (BoR), Thursday announced a similar revision in its non-resident (external) rupee deposits (NRE), and foreign currency non-resident deposits (banks) or FCNR(B).

The rates became effective July 1, it said in a statement.

The bank said that for NRE deposits, the annual interest rates have been revised to 3.31 percent from 3.16 percent for maturity period of one year to two years, to 3.6 percent from 3.46 percent for two years to three years, and 3.95 percent from 3.81 percent for three years and above.

The interest rate on FCNR(B) deposits in US dollar has been revised to 2.56 percent from 2.41 percent annually for maturity of one year to two years, and to 2.85 percent from 2.71 percent for two years to three years.

For a period of three years to four years in the FCNR(B) category, annual rates have been revised from the 3.06 percent earlier to 3.2 percent.

Similarly, for the period of four years and five years, the new annual interest rate has been pegged at 3.42 percent from the earlier 3.3 percent and for five years and above it has been increased from 3.47 percent to 3.56 percent.