Syndicate Bank hikes rates on NRE, FCNR-B deposits

New Delhi, Jan 2: Syndicate Bank today said it has increased interest rates on NRE and FCNR (B) deposits with effect from yesterday.

Interest rates on US dollar deposits having a maturity period of one year and above but less than two years have been revised to 5.33 per cent; 5.16 per cent for maturity of two years and above but less than three years; 5.08 per cent for maturity of three years and above but less than four years; 5.07 per cent for maturity at four years and above but less than five years and 5.09 per cent for the maturity of five years the bank said in a statement.

The Bank has also increased interest rates on NRE Rupee Term Deposits with effect from yesterday.

The rates have been revised to 6.33 per cent for maturity of one year to less than two years; 6.16 per cent for maturity of two years to less than three years and 6.08 per cent for maturity of three years and above upto five years.

UNI