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Indian Bank Revises Foreign Currency Non-Resident Deposits Interest Rates
December 11, 2017
Public sector Indian Bank has revised the interest rates for the foreign currency non-resident (FCNR) deposits in USD:
- For deposits of 1-2 years: 2.77% from the current 2.63%
- For deposits of 2-3 years: 2.92% from the current 2.80%
- For deposits of 3-4 years: 3.08% from the current 2.96%
- For deposits of 4-5 years: 3.15% from the current 3.05%
- For deposits of 5 years: 3.20% from the current 3.14%
The new rates are already into effect.
