Federal Bank hikes interest rates

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Kochi, Sep 17 (UNI) Federal Bank today hiked interest rates for NRE term deposits and FCNR deposits by 0.50 per cent.

The revised rates, effective from today, for NRE term deposits for one to two years are 3.71 per cent, two to three years 3.81 per cent and 3 years and above 4.13 per cent.

For FCNR deposits in US Dollar, GBP, EURO, YEN, CAD and AUD also, the Bank has hiked interest rates by 0.50 per cent across all maturities, a bank release said today.


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