Leading public sector lender, Indian Bank has revised the Foreign Currency Non-Resident (Banks) term deposits (FCNR) (B). The revision has made in Dollars across various maturity periods.
The deposit rate for tenure of one year and more but less than 2 years has been revised from existing 2.38% to 2.35%. Deposits for a period of two years and above will now fetch 1.78% as against existing 2%.
Rates have been revised across other maturity periods as well.