The Hindu Business Line : FCNR deposit rates hikes

Karnataka Bank Ltd has revised interest rates on FCNR (B) deposits for various maturities with effect from August 1, according to a bank release here. The revised rates for one year to less than two years are 5.04 per cent (5.01 per cent), 5.54 per cent (5.69 per cent) and 3.55 per cent (3.52 per cent) for pound sterling, US dollar and Euro, respectively. The FCNR rates for two years to less than three years are 5.08 per cent (5.13 per cent), 5.44 per cent (5.69 per cent)and 3.76 per cent (3.82 per cent) for pound, US dollar and Euro, respectively.

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