Public sector Indian Bank today revised the fire emblem awakening bonus teams second seal interest rates on Foreign Currency Non-Resident (banking) term deposits with immediate effect.
ThinkStock Photos, the bank's shares were trading at Rs 356.40 apiece, up.79 over the previous close in BSE.
Indian Bank Hikes Interest Rates On fcnr (B) Deposits.
First Published: Thu, August 02 2018.Tenure, interest Rates 1 year and more bet slot games - 2 years.78 2 years and more - 3 years.98 3 years and more - 4 years.06 4 years and more - 5 years.07, upto 5 years.10, for investment related articles, business news.For deposits of up to only five years, the interest rate has been revised.93 per cent as against.86 per cent, it added.The revised interest rates for deposits of one year and above but less than two years in US dollar terms, have been fixed.68 per cent as against.59 per cent, the city-headquartered bank said in a statement.For fcnr deposits whose tenure is up to five years, the interest rates are fixed.10 percent.In an announcement, the public sector based Indian Bank stated its decision that it has modified the Foreign Currency Non-Resident (fcnr) banking term deposits with immediate effect, starting from today.The bank's shares were trading at Rs 356.40 apiece, up.79 per cent over the previous close in BSE.For deposits of up to five years, interest rates are 4 per cent as compared.93 per cent.For deposits of two years and above but less than three years, the rates have been fixed.77 per cent as against the earlier.70 per cent.The bank shares were trading at Rs 337.65 apiece, up.43 per cent over the previous close in the BSE.The Chennai based bank announced that for all the fcnr (B) deposits, in USD terms, the altered interest rate for deposits with a tenure of one year and above but less than two years has been fixed.78 percent.In case of deposits whose tenure is two years and more but less than three years, the modified interest rates stand.98 percent.The mighty dollar owing to strong.S.For deposits of four years and above but less than five years, the rates will now.92 per cent compared.84 per cent earlier.Public sector has revised interest rates on foreign currency non-resident (banking) deposits with immediate effect.Chennai: Public sector, indian Bank has revised interest rates on foreign currency non-resident (banking) deposits with immediate effect.Business oi-Archana L, the Central Bank of India - RBI, kept the repo rates fixed.50 and this led to the plunge in the markets as well as the domestic rupee value against the strong dollar during yesterday's trade session.Interest rates on deposits for three years and above, but less than four years, has been revised.89 per cent as against.82 per cent.Allow Notifications, you have already subscribed, comments.For deposits of four years and above but less than five years, the bank said the interest rates have been revised.99 per cent as against.92 per cent.Economy added with the surging crude prices has led to the downfall of Indian rupee rising concerns over widening current account deficit for current fiscal.
Most of the analysts were hoping for the rise in interest rates but things went the other way round after yesterday's announcement.
Interest rates on deposits of three years and above but less than four years, it has been increased.97 per cent from existing.89 per cent.