CHENNAI: Indian Bank has revised the interest rates on FCNR (B) and NRE deposits from March 1. For FCNR (B) deposits, the revised interest rates are: 4.99 per cent for deposits of one year and above but less than two years, 4.80 p.c. for two years and above but less than three years, 4.73 p.c. for three years and above but less than four years, 4,72 p.c. for four years and above but less than five years and 4.74 p.c. for five year deposits.

For NRE term deposits, the revised interest rates are: 5.74 per cent for one year and above but less than two years, 5.55 p.c. for two years and above but less than 3 years and 5.48 p.c. for 3 years and above and up to 5 years.