Recently Dena bank has revised its interest rates on FCNR deposits. The bank has increased the rates on various maturities from 1 year to 5 years. The new revised rates are applicable from the New Year itself.
For the period of 3 to 4 years in USD the bank has revised the rate to 4.3% from 4.11%, 4.57 % is the new rate for 4 to less than 5 years, for 5 years the bank has revised the rate to 4.77%; 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 he interest rates are 3.46-4.81 per cent for Canadian Dollar; 4.53-5.69 per cent for Australian Dollar. The rate for Pound Sterling has been increased in range of 2.65 per cent to 4.45 per cent.