CHENNAI: State-run Indian Bank has revised the interest rates on foreign currency non-resident (banking) deposits with immediate effect.
The Chennai-based bank has revised the interest rates on FCNR (B) deposits for one year and above but less than two years to 2.55 percent as compared to the existing 2.53 percent.
For deposits of two years and above but less than three years, the interest rates have been revised to 2.58 percent from the existing 2.52 percent, the bank said in a statement.
For deposits of three years and above but less than four years, the interest rates have been revised to 3.51 percent from 3.91 percent at present, it said.
Also, for deposits of four years and above but less than five years, the interest rates have been fixed at 3.89 percent from the existing 4.29 percent.
For deposits of up to five years, the interest rates have been revised to 4.18 percent from the existing 4.62 percent, it added.
