NEWS & ADVICE : FIXED DEPOSITS
FCNR (B) rates revised by Indian Bank
By Neelima Shankar
Feb 3, 2012
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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.


 


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