Syndicate Bank revises NRE, FCNR(B) rates

Syndicate Bank has revised the interest rates upwards on Non-Resident External (NRE) term deposits and FCNR(B) deposits, with effect from November 17.
Interest rates on NRE term deposits for a period of one year to less than two years have been revised to 4.92 per cent, two years to less than three years to 4.41 per cent and for three up to five years to 4.89 per cent, the bank said in a press release.

In case of FCNR(B) deposits, the interest rate for USD deposits for tenure of one year to less than two years is 4.17 per cent, for 2 years to less than 3 years is 3.66 per cent, for 3 years to less than 4 years is 4.14 per cent, for 4 years to less than 5 years is 4.49 per cent and for 5 years it is 4.76 per cent.

The rate of interest for the tenure one year one day on GBP deposits is 7.01 per cent, on Euro deposits is 5.87 per cent, on CAD deposits is 4.17 per cent and on AUD deposits is 7.28 per cent.