Indian Bank revised interest rates on foreign currency non-resident deposits

Vastavam web: Public sector Indian Bank has revised interest rates on foreign currency non-resident (banking) deposits with immediate effect.The revised interest rates for deposits of one year and above but less than two years in US dollar terms, have been fixed at 3.68 per cent as against 3.59 per cent, the city-headquartered bank said in a statement.For deposits of two years and above, but less than three years, the interest rates have been revised to 3.88 per cent from 3.77 per cent.

For deposits of four years and above but less than five years, the bank said the interest rates have been revised to 3.99 per cent as against 3.92 per cent.
For deposits of up to five years, interest rates are 4 per cent as compared to 3.93 per cent.