NEWS & ADVICE : FIXED DEPOSITS
Indian Bank revises interest rates on FCNR (B) term deposits
By Neelima Shankar
May 3, 2013
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The private sector lender, Indian Bank has revised its interest rates on foreign currency non-resident (banking) term deposits with immediate effect.

In terms of dollar, the revised interest rates for deposits of one year and above, but less than two years, have been fixed at 2.7 per cent from the existing 2.73 per cent, the public sector bank said in a statement.

For deposits of two years and above but less than three years, the interest rate has been revised to 2.36 per cent from the existing 2.43 per cent.

Interest rates on deposits for three years and above but less than four years have been revised to 3.45 per cent from the existing 3.53 per cent.

For deposits of four years and above but less than five years, the interest rate has been revised to 3.60 per cent from the existing 3.73 per cent.

For deposits of up to five years, the interest rate has been fixed at 3.82 per cent from the existing 3.95 per cent, the bank statement said.


 

 

 


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