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OBC revises FCNR rates upward
Wednesday,12th September 2007
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Oriental Bank of Commerce (OBC) has revised its
interest rates on foreign currency non resident (FCNR) deposits on all
maturities from one to five years in respect of US dollars, British Pound, Euro,
Australian dollar and Canadian dollar denominated deposits.
A bank release said that there was upward revision in interest rates of 1 to 2 years for all the currencies: dollar deposit rates for 1 to 2 years have been revised to 4.53 per cent, pound deposits to 5.82 per cent, euro deposits to 4.03 per cent, Australian dollar deposits to 6.36 per cent and Canadian dollar deposits to 4.24 per cent respectively. |
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