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Indian Bank revises interest rate

Last Updated: Friday, August 2, 2013 - 15:33

Chennai: 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 percent for deposits of one year and above but less than two years, against the existing 2.69 percent.

Interest rates have been revised at 2.48 percent 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 percent.

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

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


First Published: Friday, August 2, 2013 - 15:31
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