Syndicate bank revises FCNR (B) deposits by 1%

Syndicate Bank said it has made upward revision of the rate of interest on Foreign Currency and Non Resident (Banks) FCNR (B) for US Dollar deposits of 3 to 5 years by 1 per cent, effective from August 22, reported PTI.

In a statement, the Bank said that the rate of interest on FCNR (B) deposits in US Dollar of three years to five years has been increased by 1 per cent.

The revised interest for three years is 4.78 per cent, four years is 5.17 per cent and five years is 5.56 per cent, it added.

Dion Global Solutions Ltd.

Read more about: syndicate bank, fcnr deposits
Story first published: Thursday, August 22, 2013, 9:10 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?