The Hindu Business Line : IOB hikes FCNR deposit rates

Indian Overseas Bank has raised interest rates on FCNR deposits across maturities. The bank has raised the rate payable for deposits for periods over one year and less than two years to 5.15 per cent (4.9 per cent), for 2-3 years to 5.131 per cent (4.88 per cent), for 3-4 years to 5.111 per cent (4.86 per cent), for 4-5 years to 5.107 per cent (4.86 per cent) and for five years to 5.109 per cent (4.86 per cent). The bank has foreign currency deposits of $310 million (Rs 1,400 crore).

More Stories on : Public Sector Banks | NRIs | Interest Rates

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
BoB merges 2 RRBs in Uttar Pradesh

Analysing seventy years of central banking

A seedy ratio

Forex reserves decline $6.1 b on valuation loss

United India staff oppose closure

Liquidity woes, soaring crude pull down bonds

Karnataka Bank targets Rs 25,000 cr

IOB hikes FCNR deposit rates

United Bank hopeful of 20 pc growth

FICCI study sees hardening of rates

Karnataka Bank hikes NRE rates