Indian Bank revises interest rates

Indian Bank has revised interest rates on FCNR (B) term deposits with effect from May 1, 2012. For FCNR (B) deposits, in US dollar, the revised interest rate has been fixed at 2.30 per cent for deposits of one year and above, but less than two years (2.30 per cent existing); at 1.81per cent for deposits of two years and above but less than three years (1.85 per cent existing); at 1.92 per cent for deposits of three years and above but less than four years (two per cent existing); at 2.13 per cent for deposits of four years and above but less than five years (2.23 per cent existing) and at 2.36 per cent for deposits of five years only (2.49 per cent existing).