Indian Bank revises term deposit interest rates for NRIs

Indian Bank has revised its interest rates on foreign currency non-resident (banking) term deposits with immediate effect.

In dollar terms, the revised interest rates for deposits of one year and above, but less than two years has been fixed at 2.70 per cent from the existing 2.73 per cent, the city-based public sector bank said in a statement said.

For deposits of two years and above but less than three years, the interest rate has been revised to 2.36 per cent from the existing 2.43 per cent.

The interest rates on deposits for three years and above but less than four years, has been revised to 3.45 per cent from the existing 3.53 per cent.

For deposits of four years and above but less than five years, the interest rate has been revised to 3.60 per cent from existing 3.73 per cent.

For deposits of up to five years, the interest rate has been fixed at 3.82 per cent from existing 3.95 per cent, the statement said.