Indian Bank revises FCNR (B) interest rates
Quotes

Indian Bank revises FCNR (B) interest rates

Last Updated: Wednesday, October 02, 2013, 16:54
 
 Comment 0
 
Indian Bank revises FCNR (B) interest rates
Chennai: Indian Bank on Wednesday announced revision of its interest rates for foreign currency non-resident (banking) deposits with immediate effect.

For FCNR(B) deposits, in USD terms, the revised interest rates has been fixed at 2.63 percent for deposits of one year and above but less than two years compared to the existing 2.67 percent, the city-based public sector bank said in a statement.

For deposits of two years and above but less than three years, interest rates have been revised to 2.48 percent from the existing 2.57 percent, it said.

Interest rates have been revised to 4.77 percent from the existing 4.95 percent for deposits of three years and above but less than four years.

For deposits of four years and above but less than five years, interest rates have been fixed to 5.16 percent from the existing 5.38 percent.

The interest rates have been fixed to 5.53 percent from the existing 5.77 percent for deposits of up to five years, the statement added.

PTI



First Published: Wednesday, October 02, 2013, 16:51


Comments


comments powered by Disqus
Samsung Galaxy Tab 4 Nook
Samsung Galaxy Tab 4 Nook
BMW-X3
BMW-X3
Forbes Best Places for Biz 2014
Forbes Best Places for Biz 2014
Hyundai Elite i20
Hyundai Elite i20
Honda Mobilio MPV
Honda Mobilio MPV

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