Money & Banking

Indian Bank revises FCNR (B) deposit rates

PTI Chennai | Updated on March 12, 2018 Published on August 02, 2013

Public sector Indian Bank has revised its Foreign Currency Non-Resident (Banking) term deposit interest rates with immediate effect.

For FCNR (B) deposits, in US Dollar, the revised interest rate has been fixed at 2.67 per cent for deposits of one year and above but less than two years, against the existing 2.69 per cent.

Interest rates have been revised at 2.48 per cent for deposits of two years and above but less than 3 years from the existing 2.50 per cent, Chennai-headquartered bank said in a release.

For deposits of three years and above but less than four years, the interest rate is remained unchanged at 3.78 per cent.

For deposits of four years and above but less than five years,the interest rates is revised to 4.17 per cent from the existing 4.18 per cent, it said.

For deposits of five years, interest rates have been fixed at 4.56 per cent against 4.51 per cent, it added.

Published on August 02, 2013
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