The Hindu Business Line : Syndicate Bank revises interest rates

BANGALORE: Syndicate Bank has revised the rates of interest upwards on Non-Resident External (NRE) Term Deposits and FCNR (B) deposits with effect from October 1, 2008.

Interest rates on NRE deposits for a period of one year to less than two years have been revised to 4.46 per cent, two years to less than three years to 3.76 per cent and for three up to five years to 4.06 per cent, a bank statement said.

In case of FCNR (B) deposits, the interest rate for dollar deposits for tenure of one year to less than two years is 3.71 per cent, for 2 years to less than 3 years is 3.01 per cent, for 3 years to less than 4 years is 3.31 per cent, for 4 years to less than 5 years is 3.45 per cent and for 5 years it is 3.64 per cent.

The rate of interest for the tenure 1 year 1 day on GBP deposits is 6.27 per cent, on Euro deposits is 5.24 per cent, on CAD deposits is 4.55 per cent and on AUD deposits is 6.55 per cent. - PTI

Prev: Tata AIG Life launches InvestAssure Health
Next: ITC commissions 14 MW wind energy project in TN

Business Line | NUS Index |