Indian Bank cuts FCNR, NRE deposit rates

For NRE term deposits, the revised interest rate has been fixed at 3.31 per cent for one year and above but less than two years (3.16 per cent); 3.60 per cent for two years and above but less than three years (3.46 per cent ) and 3.95 per cent for three years and above and upto five years (3.81 per cent)