Indian Bank Revises Interest Rates on Foreign Currency Non-Resident Deposits

Chennai: Indian Bank has revised interest rates in foreign currency non-resident (banking) deposits with immediate effect. For FCNR (B) deposits, in dollar, the revised interest rate has been fixed at 1.75 per cent for deposits of one year and above, but less than two years from the existing 1.74 per cent, a statement by the public sector bank said. For deposits of two years and above but less than three years, interest rate was re...