Indian Bank makes revisions to FCNR term deposit interest rates

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Indian Bank makes revisions to FCNR deposit interest rates
    Indian Bank, an Indian state-owned financial services company headquartered in Chennai, has revised downwards foreign currency non-resident (FCNR) term deposit interest rates to 2.75 per cent from 2.78 per cent with immediate effect.

    The downward revision is for deposits (in USD) of one year and above but less than two years by the Chennai-based bank for FCNR (B) deposits.

    In a statement, Indian Bank said that for deposits of two years and above but less than three years, the interest rates have been revised to 2.40 per cent from the existing 2.43 per cent.

    For deposits of three years and above but less than four years interest rates have been revised to 3.51 per cent from existing 3.56 per cent.

    For deposits of four years and above but less than five years, the interest rates have been revised to 3.69 per cent from 3.77 per cent, it said.

    Interest rates have been fixed to four per cent for deposits of upto five years against the existing 3.92 per cent, the release added.

    Read more about: indian bank
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more