Indian Bank revises interest rates

By: |
Chennai | June 02, 2017 6:30 PM

The revised interest rates for FCNR (B) deposits, in USD terms, is fixed at 2.36 per cent for deposits of one year and above, but less than two years from the existing 2.39 per cent, a bank statement said.

Public sector Indian Bank, Indian Bank, foreign currency non-resident, interest ratesPublic sector Indian Bank has revised its foreign currency non-resident (Banking) term deposit interest rates with immediate effect. (Reuters)

Public sector Indian Bank has revised its foreign currency non-resident (Banking) term deposit interest rates with immediate effect. The revised interest rates for FCNR (B) deposits, in USD terms, is fixed at 2.36 per cent for deposits of one year and above, but less than two years from the existing 2.39 per cent, a bank statement said. Interest rates for deposits of two years and above but less than three years were revised to 2.50 per cent from existing 2.58 per cent.

For three years and above but less than four years, the interest rates are revised to 2.70 per cent from current 2.77 per cent.

Also watch:

For deposits of four years and above but less than five years, the interest rates were fixed at 2.82 per cent from current 2.87 per cent. For deposits of five years only, the interest rates are revised to 2.89 per cent from the existing 2.97 percent, the statement added.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Still strong bias for cash payment; need to reassess PSS Act: Report
2Beyond cctv: Banking in the digital world
3RBI bans audit firm Haribhakti & Co for two years