Banking

Indian Bank revises its interest rates in FCNR (B) deposits

Views: 164

indian_bankThe Indian Bank has revised its rates in the foreign currency non-resident banking deposits.

For the deposits in US Dollar, the revised interest rates has been fixed at 1.95 per cent for deposits of one year and above but less than two years from the existing 1.96 per cent.

For deposits of two years and above, but less than three years, interest rates have been revised to 2.01 per cent from existing 2.06 per cent.

For deposits of three years and above, but less than four years, the interest rates have been fixed at 2.56 per cent from the existing 2.61 per cent.

Interest rates, for deposits of four years and above but less than five years, have been revised to 2.61 per cent from the existing 2.66 per cent. For deposits of up to five years, the interest rates were fixed at 2.66 per cent from current 2.71 per cent.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

To Top