Indian Bank has revised the foreign currency non-resident banking term deposits with immediate effect.
For FCNR(B) desposits, 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 per cent. For deposits of two years and above, but less than three years, the interest rates have been revised to 3.98 per cent.
Interest rates for deposits of three years and above, but less than four years have been fixed at 4.06 per cent and for deposits of four years and above, but for less than five years, the rates have been fixed at 4.07 per cent. For deposits of up to five years, the interest rates have been fixed at 4.10 per cent, the bank said.