NEWS & ADVICE : FIXED DEPOSITS
Revision of FCNR term deposit rates by Indian Bank
By Neelima Shankar
Sep 3, 2012
Print    Email    RSS   

The public sector bank, Indian Bank, has revised interest rates on Foreign Currency Non Resident fixed deposits having various maturities. The new interest rates will be brought into effect immediately.

The bank issued a statement containing the new rates for FCNR term deposits (in US Dollars), which are as follows:

  • For deposits of more than 1 year but less than two years, the interest rates have been brought down to 3.03 percent from 3.05 percent.
  • For term deposits having maturity of more than two years but less than three years, the rates are same as earlier at 2.42 percent.
  • For deposit with maturity of more than three years but less than four years, the interest rates hve been increased to 3.5 percent from 3.48 percent.
  • For deposits of more than four years but less than five years, the interest rate have been fixed at 3.66 percent from 3.63 percent.
  • Lastly, for term deposits of five years, the new interest rates are 3.87 percent.

(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Recurring Deposits or Systematic...
Sweep in to Auto Sweep savings A/c
Financial planning: a tool to retire...
Children’s Saving Account- teaching...
The new avatar of savings account would...


NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive