Syndicate bank revises FCNR (B) deposits by 1%

Posted By: Religare
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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.

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