Canara Bank revises FCNR (B) rates
Bangalore, Dec 30: Canara Bank has revised the rate of interest on FCNR(B) deposits, for GBP, USD and EURO effective from January One, 2007 Following is the revised rate of interest (December rate shown in brackets): Period USD GBP EUR CAD AUD 1 Year to 5.33 5,58 4.02 4.24 6.62 less 2 yrs (5.24) (5.43) (3.86) (4.18) (6.54) 2 years to 5.16 5.53 4.12 4.19 6.53 less than (5.00) (5.36) (3.91) (4.07) (6.39) three years 3 years to 5.08 5.51 4.13 4.19 6.53 less than (4.91) (5.32) (3.89) (4.06) (6.34) four years 4 years to 5.07 5.47) 4.11 - - five years (4.89) (5.28) (3.88) 5 years only 5.09) 5.41 4.12 - - (4.90)(5.22) (3.88)
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