Bank revises interest rates on FCNR (B) deposits

Bank revises interest rates on FCNR (B) deposits

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 per cent as compared to the existing 2.53 per cent.

For deposits of two years and above but less than three years, the interest rates have been revised to 2.58 per cent from the existing 2.

Source: PTI