Indian Bank revises FCNR (B) and NRE interest rates

Indian Bank has announced that the Bank has revised interest rates on FCNR (B) and NRE deposits with effect from March 01, 2007. For FCNR (B) deposits, the revised interest rate has been fixed at 4.99% for deposits of one year and above but less than two years; 4.80% for two years and above but less than three years; 4.73% for three years and above but less than four years, 4.72% for four years and above but less than five years and 4.74% for five year deposits.

For NRE term deposits, the revised interest rate has been fixed at 5.74% for one year and above but less than two years; 5.55% for two years and above but less than three years and 5.48% for three years and above and upto five years.

Source : Equity Bulls

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