Indian Bank revises FCNR (B) interest rates

Tags: News
Public sector Indian Bank has revised its foreign currency non resident (banking) deposit interest rates with immediate effect.

For FCNR (B) deposits, in US Dollar, the revised interest rate has been fixed at 2.53 per cent for deposits of one year and above but less than two years, compared to the existing 2.55 per cent.

For deposits of two years and above but less than three years, the interest rates have been revised to 2.52 per cent from the existing 2.56 per cent, Chennai-based Indian Bank said in a statement today.

Interest rates have been changed to 3.91 per cent for deposits of upto three years and above but less than four years compared to the existing 4.02 per cent, it said.

For deposits of four years and above but less than five years, the interest rates has been revised to 4.29 per cent from existing 4.45 per cent, it said.

Interest rates for deposits of up to five years have been fixed at 4.62 per cent from the existing 4.81 per cent, the statement added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Those willfully defaulting on loans should be blacklisted by Sebi

    As reported by this newspaper’s Monday edition, the Securities and Exchange Board of India (Sebi) has found merit in the Reserve Bank of India’s s

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Kickstarting technological innovation

One of the key dimensions of global competitiveness is the ...

Kuruvilla Pandikattu SJ

Developing moral, spiritual capacity

Writing in The Huffington Post, Noam Chomsky, professor emeritus, MIT ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture