Last week Dena Bank hiked its interest rates on FCNR deposits. It has been reported that on various maturities the bank has increased the rates. The rates are effective from the 1st January itself.
The revised rates for deposits of 3 to less than 4 years in dollar is 4.3 per cent (from 4.11 per cent earlier); 4.57 per cent for 4 to less than 5 years; 4.77 per cent for 5 years; 2.89 per cent for 2 to less than 3 years, and 2.45 per cent for deposits of 1 year to less than 2 years.
Similarly, the increased interest rates for Pound Sterling (GBP) ranges from 2.65 per cent to 4.45 per cent; between 2.18 per cent to 3.36 per cent for EURO deposits.