Syndicate Bank today said it has made upward revision of the rate of interest on Foreign Currency and Non Resident (Banks) FCNR (B) for US Dollar deposits of 3 to 5 years by 1 per cent, effective from August 22.
The rate of interest on FCNR (B) deposits in US Dollar of three years to five years has been increased by 1 per cent, the bank in a statement said.
The revised interest for three years is 4.78 per cent, four years is 5.17 per cent and five years is 5.56 per cent.