Date:08/07/2006 URL: http://www.thehindu.com/2006/07/08/stories/2006070803481609.htm

Business - Briefly

City Union Bank revises NRE and FCNR rates

CHENNAI: City Union Bank has revised upward the interest rates on NRE deposits to 6.69 per cent from 6.45 per cent for the maturity period of one year, two years and to 6.68 per cent for three years. For FCNR deposits in dollars, the rates have been revised to 5.69 per cent for one year to less than three years, 5.68 per cent for three years to less than 4 years, 5.70 per cent for 4 years to less than five years and 5.72 per cent for five years.