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.

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