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City Union Bank revises NRE deposit rates

CHENNAI: City Union Bank has revised the interest rates on NRE deposits to 6.55 per cent for the maturity period of one year, 6.45 per cent for two years and 6.42 per cent for three years. FCNR (Foreign currency non-resident deposit) rates for U.S. dollars have been revised to 5.54 per cent for one year to less than two years, 5.44 per cent for two years and less than three years, 5.42 per cent for three years to less than four years, 5.43 per cent for 4 years to less than 5 years and 5.46 per cent for five years.

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