Indian Bank revises FCNR interest rates
Posted on: 14/Dec/2017 3:28:31 PM
Indian Bank has revised the interest rations for FCNR deposits. The interest ratio rates for FCNR(B) deposits (made in US$) in Indian Bank have been revised.
As per the revision, for the term deposits between 1-2 years, the interest is revised from 2.63% to 2.77%. For the term deposits between 2 to 3 years, the interest rates are revised from 2.8 % to 2.92%. For the term deposits between 3 to 4 years, the interest rates are revised from 2.96% to 3.08%. For the term deposits between 4 to 5 years, the interest rate is revised from 3.05% to 3.15%. For the term deposits for over 5 years, the interest rate is revised from 3.14% to 3.2%.
As per the recent announcement made by Indian Bank, the above-revised interest rates will be effective from 1st December.
