Canara Bank has revised the interest on FCNR (B) deposits, for GBP and USD from August 1, 2008, on varying maturities from 1-5 years.
For USD deposits, the rates are 2.50 per cent for one year to less than 2 years, 2.75 per cent for two years to less than 3, 3.11 per cent for 3 years to less than 4, 3.34 per cent for 4 years to less than 5 and 3.49 per cent for five years only.
For GBP deposits, the rates are 5.42 per cent for one year to less than two years, 4.88 per cent for two years to less than three years, 4.87 per cent for three years to less than four years, 4.85 per cent for four years to less than five years and 4.81 per cent for five years and above.
Vijaya Bank has also revised rates on FCNR (B) deposits from August 1. One-two years, rates for GBP and USD are 5.42 per cent and 2.50 per cent respectively. Two years and above but below three years, the rates for GBP and USD are 4.88 per cent and 2.75 per cent.
Three years and above but below four years, the rate for GBP is 4.87 per cent and 3.11 per cent for USD. Four years and above but below five years, the rate for GBP is 4.85 per cent and 3.34 per cent for USD. For deposits of five years only, the rate for GBP is 4.81 per cent and USD is 3.49 per cent.