State-owned Syndicate Bank said on Wednesday that it has made upward revision of the rate of interest on foreign fixed deposits, or foreign currency and non-resident (FCNR) bank deposits, of 3 to 5 years by 1 per cent.
The bank said the new rates will take effect from August 22.
The bank in a statement said the rate of interest on FCNR (B) deposits in US dollar of 3 to 5 years has been increased by 1 per cent.
The revised interest for 3 years is 4.78 per cent, 4 years is 5.17 per cent and 5 years is 5.56 per cent, it added.
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