The Hindu Business Line : UBI hikes FCNR, NRE deposit rates

United Bank of India revised interest rates on FCNR (B) and NRE rupee deposits across various tenures effective from October 1, according to a press statement issued by the bank. In case of FCNR (B) deposits, the interest rates on dollar deposits of various tenure are as follows: one-to-less than two years at 2.66 per cent (2.33 per cent earlier), two-to-less than three years has been kept unchanged at 2.35 per cent, three-to-less than four years at 2.99 per cent (2.92 per cent), four-to-less than five years at 3.45 per cent (3.35 per cent) and for five years only at 3.79 per cent (3.68 per cent). The interest rates on NRE deposits have been revised as follows: one-to-less than two years at 3.08 per cent (3.01 per cent), two-to-less than three years at 3.10 per cent (3.10 per cent) and for three years to up to five years at 3.74 per cent (3.67 per cent).

— Our Bureau

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