Public sector Indian Bank has revised interest rates on its foreign currency non-resident (Banking) deposits with immediate effect.
The Chennai-based bank, in a statement said, it revised interest rate to 2.36 per cent from the existing 2.55 per cent on deposits of one year and above but less than two years.
For deposits of two years and above, but less than three years interest rates have been revised to 2.76 per cent from the current 2.58 per cent.
Interest rates have been revised to 3.71 per cent from 3.51 per cent for deposits of upto three years and above, but less than four years.
For deposits of four years and above but less than five years, interest rates have been increased to 4.11 per cent from the existing 3.89 per cent.
Interest rates have been fixed at 4.40 per cent for deposits of upto five years from the existing 4.18 per cent, the release said.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
