SBT hikes FCNR,NRE term deposit rates

Interest rate on FCNR deposits in US dollars will be 2.41 per cent for a period of 1 year to less than 2 years, 2.71 per cent for 2 years to less than 3 years, 3.06 per cent for 3 years to less than 4 years,3.30 per cent for 4 years to less than 5 years and 3.47 per cent for 5 years.