1. Indian Bank revises interest rates for FCNR (B) deposits

Indian Bank revises interest rates for FCNR (B) deposits

Public sector Indian Bank has revised its rates for foreign currency interest rates (banking) on term deposits with immediate effect.

By: | Chennai | Published: February 1, 2017 2:04 PM
Public sector Indian Bank has revised its rates for foreign currency interest rates (banking) on term deposits with immediate effect. (Reuters) Public sector Indian Bank has revised its rates for foreign currency interest rates (banking) on term deposits with immediate effect. (Reuters)

Public sector Indian Bank has revised its rates for foreign currency interest rates (banking) on term deposits with immediate effect. As per the revised interest rate for FCNR (B) deposits, in USD terms, the revised interest rate has been fixed at 2.26 per cent for deposits of one year and above but less than two years from the existing 2.20 per cent. For deposits of two years and above but less than three years, the interest rates were revised to 2.52 per cent from 2.48 per cent, the city-based bank said in a statement.

You May Also Like To Watch This:

Interest rates have been revised to 2.78 per cent for deposits of three years and above but less than four years from existing 3.19 per cent. For deposits of four years and above but less than five years, the interest rates were revised to 2.92 per cent from existing 3.37 per cent. For deposits of upto five years, the interest rates were revised to 3.05 per cent from existing 3.48 per cent.

Shares of the bank were trading at Rs 273.90 a piece up by 1.22 per cent over previous close in afternoon BSE.

Calculate your income tax post budget 2018 through this Income Tax Calculator, get latest news on Budget 2018 and Auto Expo 2018. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top