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Mon, Oct 15, 2018 | Last Updated 8:35 pm IST

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Interest rates for deposits in Indian Bank revised

Interest rates for deposits in Indian Bank revised
Interest rates for deposits in Indian Bank revised
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Chennai sources made a statement that Public sector Indian Bank on Saturday said it has revised the foreign currency non-resident banking term deposits with immediate effect. Accordingly the city headquartered bank said in a statement for FCNR (B) deposits, in USD terms, the revised interest rates for deposits of one year and above, but less than two years has been fixed at Rs 3.78%.



Moreover for deposits of two years and above, but less than three years, interest rates have been revised at 3.98%. It was stated that Interest rates for deposits of three years and above, but less than four years have been fixed at 4.06% and for deposits of four years and above, but less than five years interest rates have been fixed at 4.07%.

Interest rates for deposits in Indian Bank revised

Furthermore as per report it was stated that for deposits of up to five years, the interest rates have been fixed at 4.10 per cent, the release added.


Interest rates for deposits in Indian Bank revised
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