Syndicate Bank revises interest rates

Interest rates on NRE deposits for a period of one year to less than two years have been revised to 3.16 per cent, two years to less than three years to 3.46 per cent and for three to five yers to 3.81 per cent, a bank release said.    
In case of FCNR(B) deposits, the interest rate for USD desposits for tenure of one year to less than two years is 2.41 per cent, for two years to to less then three years is 2.71 per cent, for three years to less than four years is 3.06 per cent, for four years to less than five years is 3.30 per cent and for five years it is 3.47 per cent.    

 

The rates of interest for the tenure one year one day on GBP deposits is 5.40 per cent, on Euro deposits is 4.34 per cent, on CAD deposits is 2.92 per cent and on AUD deposits is 7.66 per cent, it said.