Indian Bank revises FCNR(B) deposit interest rates
Quotes

Indian Bank revises FCNR(B) deposit interest rates

Last Updated: Thursday, May 2, 2013, 16:22
 
 Comment 0
 
Indian Bank revises FCNR(B) deposit interest rates
Chennai: Indian Bank has revised its interest rates on foreign currency non-resident (banking) term deposits with immediate effect.

In USD terms, the revised interest rates for deposits of one year and above, but less than two years has been fixed at 2.70 percent from the existing 2.73 percent, the city-based public sector bank said in a statement said.

For deposits of two years and above but less than three years, the interest rate has been revised to 2.36 percent from the existing 2.43 percent.

The interest rates on deposits for three years and above but less than four years, has been revised to 3.45 percent from the existing 3.53 percent.

For deposits of four years and above but less than five years, the interest rate has been revised to 3.60 percent from existing 3.73 percent.

For deposits of up to five years, the interest rate has been fixed at 3.82 percent from existing 3.95 percent, the statement said.

PTI



First Published: Thursday, May 2, 2013, 16:22


Comments


comments powered by Disqus
World`s Top 10 Powerful Women
World`s Top 10 Powerful Women
New Age XUV500
New Age XUV500
Renault Kwid
Renault Kwid
Tata GenX Nano
Tata GenX Nano
2015 Indian Roadmaster
2015 Indian Roadmaster

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved