Indian Bank revises interest rates

Tags: News
Indian Bank has revised interest rates in foreign currency non-resident (banking) deposits with immediate effect.

For FCNR (B) deposits in USD terms, the revised interest rates remains unchanged at 2.58 per cent for deposits of one year and above but less than two years.

For deposits of two years and above but less than three years, the interest rates has been revised to 2.50 per cent from the existing 2.39 per cent, a bank statement said.

Interest rates has been revised to 3.87 per cent from existing 3.66 per cent for deposits of three years and above but less than four years.

For deposits of four years and above but less than five years the interest rates has been revised to 4.33 per cent from the existing 4.06 per cent.

Interest rates has been fixed to 4.80 per cent for deposits of upto five years from the existing 4.51 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E-mail ID will not be published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

  • Signalling good times, current account deficit is likely to grow from here on

    The current account deficit (CAD) numbers for April-June quarter declined sharply to 1.7 per cent of GDP.

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 Nigavekar

Disruptive innovation in education

The past two weeks had a fair share of interesting ...

Rajgopal Nidamboor

Regain the spirit of focused power

For aeons, the human race has been experimenting with a ...

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