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India Bank Slashes Interest Rates
September 05, 2017
India Bank has changed the interest rates on foreign currency non-resident banking deposits with effect from September 1, 2017. These are:
- 2.44% (from current 2.45%): for deposits of one year and above but less than two years
- 2.56% (from current 2.60%): for deposits of two years and above but less than three years
- 2.67% (from current 2.75%): for deposits of three years and above but less than four years
- 2.75% (from current 2.86%): for deposits of four years and above but less than five years
- 2.86% (from current 2.96%): for deposits up to five years
