Indian Bank revises FCNR (B), NRE interest rates

New Delhi, Mar 2 (UNI) Indian Bank today said it has revised interest rates on FCNR (B) and NRE deposits effective from yesterday.

For FCNR (B) deposits, the revised interest rate has been fixed at 4.99 per cent for deposits of one year and above but less than two years; 4.80 per cent for two years and above but less than three years; 4.73 per cent for three years and above but less than four years; 4.72 per cent for four years and above but less than five years and 4.74 per cent for five year deposits.

Similarly for NRE term deposits, the revised interest rate has been fixed at 5.74 per cent for one year and above but less than two years; 5.55 per cent for two years and above but less than three years and 5.48 per cent for three years and above and upto five years.

UNI