Canara Bank hikes interest 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 one year to five 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