RBI/2008- 09/76
DBOD.No. Dir. BC. 15/13.03.00/2008-09

July 1, 2008
Ashadha 10, 1930(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. 7/13.03.00/ 2007-08 dated July 2, 2007 consolidating the instructions/guidelines issued to banks till June 30, 2007 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, 2008 and has been placed on the RBI website (http://www.rbi.org.in).  A copy of the Master Circular is enclosed.

Yours faithfully

(P. Vijaya Bhaskar)
Chief General Manager