Mumbai : Dena Bank, India’s trusted family bank, has revised the rate of interest on FCNR (B)/RFC term deposit with effective from October 1, 2013.

For FCNR (B) deposits of 3 years to less than 4 years, in US Dollar terms, the revised interest rates are 4.77% as compared to previous rates of 4.95 % in September 2013.  For FCNR (B) deposits of 4 years to less than 5 years, in US Dollar terms, the revised interest rates are 5.16% as compared to previous rates of 5.38% in September 2013. For FCNR (B) deposits of 5 years only, in US Dollar terms, the revised interest rates are 5.53%  as compared to previous rates of 5.77% in September 2013.  For FCNR (B) deposits of 2 years to less than 3 years, in US Dollar terms, the revised interest rates are 2.48% as compared to previous rates of 2.57% in September 2013. For FCNR (B) deposits of 1 year to less than 2 years, in US Dollar terms, the revised interest rates are 2.63% as compared to previous rates of 2.67% in September 2013.

 Source : Sachin Murdeshwar