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Allahabad bank revises FCNR interest rates

Written by: Staff

Kolkata, May 1 (UNI) Allahabad bank has revised the interest rates on Foreign Currency Non-Resident (FCNR) deposits and Non-Resident (External) Rupee (NRE) deposits from today.

Accordingly the revised rates for US Dollar 5.33 per cent has now become from 5.29 per cent earlier for one year to less than two years, 5.34 per cent (earlier 5.29 per cent) for two years to less than three years, 5.35 per cent (earlier 5.27 per cent) for three years to less than four years, 5.39 per cent (earlier 5.30 per cent) for four years to less than five years and 5.43 per cent (earlier 5.31 per cent) for five years only.

In case of GB Pound deposits, the revised rates are 4.87 per cent 4.98 per cent 5.06 per cent 5.09 per cent and 5.10 per cent for respective maturities.

For EURO deposits, the bank has fixed interest rates at 3.32 per cent, 3.64 per cent, 3.78 per cent, 3.68 per cent and 3.96 per cent for corresponding maturities.

Rates for NRE Term deposits are 6.30 per cent for one year to less than two years, 6.30 per cent for two years to less than three years and 6.40 per cent for three years, Allahabad bank sources here today informed.


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