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State-run Indian Bank has revised the interest rates on foreign currency non-resident (banking) deposits with immediate effect.
The Chennai-based bank has revised the interest rates on FCNR (B) deposits for one year and above but less than two years to 2.55% as compared to the existing 2.53%.
For deposits of two years and above but less than three years, the interest rates have been revised to 2.58% from the existing 2.52%, the bank said in a statement.
For deposits of three years and above but less than four years, the interest rates have been revised to 3.51% from 3.91% at present, it said.
Also, for deposits of four years and above but less than five years, the interest rates have been fixed at 3.89% from the existing 4.29%.
For deposits of up to five years, the interest rates have been revised to 4.18% from the existing 4.62%, it added.
