NEWS & ADVICE : FIXED DEPOSITS
New foreign currency non-resident rates of Indian Bank
By Neelima Shankar
Aug 5, 2014
Print    Email    RSS   

Yesterday Indian Bank has revised its interest rates on its foreign currency non-resident (banking) deposits. The new rates will be applicable from 4th August onwards.

For the tenure of one to two years the bank has reduced the rate to 2.36% from 2.55%. For the deposits made for the time period of 2 to three years the rate has been revised to 2.76 per cent from the current 2.58 per cent.

For the time period of three to four year the bank has increased the rate to 3.71% from 3.51%. For deposits of four years and above but less than five years, the interest rates have been increased to 4.11 per cent from the existing 3.89 per cent.

For the rest i.e. 5 years and above the bank has fixed the rates to 4.4%.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Recurring deposit facility by IDBI Bank
Children’s Saving Account- teaching...
A checklist of investment options for...
Regular fixed deposits in India: Great way...
Some Quick Facts about Wealth Tax in India!


MEXING: CaℒL Giℛℒ In Hoshiarpur 09855660911...
Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive