Business Daily from THE HINDU group of publications
Saturday, Mar 03, 2007
ePaper
Business Daily from THE HINDU group of publications Saturday, Mar 03, 2007 ePaper |
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Money & Banking
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Fixed Deposits Industry & Economy - NRIs Allahabad Bank cuts FCNR deposit rates Our Bureau
The revised rates for dollar deposits are 4.99 per cent (earlier 5.18 per cent) for 1-2 years, 4.8 per cent (5.1 per cent) for 2-3 years, 4.73 per cent (5.05 per cent) for 3-4 years, 4.72 per cent (5.05 per cent) for 4-5 years and 4.74 per cent (5 per cent) for 5 years.
For pound and euro
For British pound, the revised rates for the corresponding maturity periods are 5.48 per cent (5.62 per cent), 5.4 per cent (5.56 per cent), 5.34 per cent (5.52 per cent), 5.29 per cent (5.47 per cent) and 5.23 per cent (5.41 per cent). For euro, the revised rates are 3.81 per cent (3.84 per cent), 3.85 per cent (3.97 per cent) and 3.85 per cent (3.98 per cent) for corresponding maturities. The rates for NRE term deposits are 5.74 per cent (5.93 per cent) for 1-2 years, 5.55 per cent (5.85 per cent) for 2-3 years and 5.48 per cent (5.8 per cent) for three years. The rate for NRE savings bank deposits has been fixed at 3.5 per cent. Similar rate revisions have also been announced by United Bank of India for FCNR deposits and NRE term deposits of same maturities as well as NRE savings bank deposits.
More Stories on : Fixed Deposits | NRIs | Public Sector Banks
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