RBI/2007-2008/41
DBOD.No. Dir. BC. 7/13.03.00/2006-07

July 2, 2007
Aashadha 11, 1929(Saka)

All Scheduled Commercial Banks
(Excluding RRBs)

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 )
Chief General Manager