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E-mail ID will not be published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

  • The economic survey falls in step with the BJP’s election manifesto

    It’s always tough to find something wrong with the annual economic survey as it only articulates the government’s desire to set its house in order

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

Why higher education needs innovation

India is such a great country that it creates complexity ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture