Canara Bank revises FCNR (B) deposit rates

Bangalore, Aug 2 (UNI) Canara Bank has revised the interest rates on FCNR (B) deposits, for British Pound Sterling, US Dollar and Euros with effective from August one on varying maturities.

The new rates for deposits from a period of one year to less than two years USD is 5.54 per cent from 5.69 per cent, GBP 5.04 per cent from 5.01 per cent, Euro 3.55 per cent from 3.52 per cent, Canadian Dollar 4.44 per cent from 4.65 per cent and Aus Dollar 6.42 per cent from 6.20 per cent.

For a period of two years to less than three years, the interest rates have been revised to USD 5.44 per cent from 5.69 per cent, GBP 5.08 per cent from 5.13 per cent, Euro 3.76 per cent from 3.82 per cent, Canadian Dollar 4.46 per cent from 4.73 per cent and Aus Dollar 6.37 per cent from 6.21 per cent.

The new rates for a period of three years to less than four years arte USD 5.42 per cent, GBP 5.11 per cent, Euro 3.84 per cent, Canadian Dollar 4.51 per cent and Aus Dollar 6.39 per cent.

For four years to less than five years, the rates stand at USD 5.43 per cent, GBP 5.12 per cent, Euro 3.90 per cent and for five years USD 5.46 per cent from 5.72 per cent, GBP 5.11 per cent from 5.21 per cent and Euro 3.96 per cent from 4.09 per cent.

UNI VK RG PV BS1312