Indian Bank has revised interest rates on FCNR (B) term deposits with effect from January 1. For FCNR (B) deposits, in dollar, the revised interest rate has been fixed at 2.58 per cent for deposits of one year and above but less than two years (2.58 per cent existing); 2.50 per cent for two years and above but less than 3 years (2.39 per cent); 3.87 per cent for three years and above but less than 4 years (3.66 per cent); 4.33 per cent for four years and above but less than 5 years (4.06 per cent) and 4.80 per cent for deposits of five years only (4.51 per cent).

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