Karnataka - Bangalore   

Rates revised

BANGALORE: Canara Bank has revised its annual rate of interest on Foreign Currency Non Resident accounts (B) pertaining to U.K. pound sterling, U.S. dollar, Euro, Canadian dollar and Australian dollar, with effect from January 1 on varying maturities from one to five years: For one year to two years: 3 (US $) 4.07 (£); 4.06 (€), 3.47 (CA $) and 5.65 (Aus $); two years to three years 2.44, 3.62, 3.69, 2.08, 4.54; three years (2.72, 3.86, 3.94, 2.32, 4.91); three to four years (2.72, 3.86, 3.94, - - ); four to five years (2.93, 4.04, 4.14, - - ); for five years 3.08, 4.16, 4.24, -- ---). A press release from the Canara Bank said that the Canadian and Australian Dollars were accepted for a maximum period of three years only. — Staff Reporter

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