Canara Bank hikes intrest of FCNR-B deposits

Bangalore, Jun 1: Canara Bank has hiked the rate of interest on FCNR(B) deposits, for GBP, USD and EURO with effect from today on varying maturities from 1 year to 5 years for the month of May.

The rates are as under (previous rates in paranthesis) PERIOD USD GBP EUR CAD AUD 1 Year to less than 2 years 4.64(4.55) 5.39(5.23) 3.71(3.55) 3.99(3.68) 5.85(5.82) 2 years to less than 3 years 4.57(4.31) 5.35(5.12) 3.87(3.64) 4.10(3.69) 5.88(5.75) 3 years to less than 4 years 4.55(4.26) 5.32(5.08) 3.88(3.64) 4.13(3.71) 5.90(5.76) 4 years to less than 5 years 4.55(4.26) 5.26(5.03) 3.88(3.64) - - 5 years only 4.57(4.29) 5.20(4.98) 3.88(3.64).

UNI