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Vysya Bank revises FCNR rates

Our Bureau

KOCHI, March 30

VYSYA Bank has announced a further revision in interest rates for FCNR (B) deposits with effect from March 27.

For dollar deposits under the FCNR (B) scheme, the rate is seven per cent for a maturity period of three years. For other periods, the rate is 6.75 per cent.

For deposits in British pounds for periods ranging from one to three years, the rate is 6.5 per cent, a statement from the bank has said. The Euro and the German mark command an interest rate of 3.5 per cent.