Indian Bank to impose revision in interest rates of FCNR deposits
Posted on: 03/Aug/2018 4:40:49 PM
Indian Bank, a public sector bank has made changes to the interest rates towards foreign currency deposits. This shall come to immediate effect.
According to a statement rolled out by the Indian Bank, from the earlier 3.59 percent interest rate, deposits above one year and within two years in US dollars are to be increased to 3.68 percent.
As far as the deposits above 2 years and below 3 years are concerned, the revision is from older 3.77 percent to 3.88 percent.
Regarding deposits above 3 years and lesser than 4 years, the change is from 3.89 percent to 3.97 percent.
With deposits of more than 4 years and lesser than 5 years, the interest is increased from 3.92 percent to 3.99 percent.
Regarding deposits of more than 5 years, the rate is increased from 3.93 percent to 4 percent.
Each Indian bank share was getting traded at Rs 356.40 with an increase of 0.79 percent as compared to previous rates.
