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Karur Vysya Bank increases FCNR rates

CHENNAI: Karur Vysya Bank has increased interest rates on FCNR deposits ranging between five and 20 basis points across all slabs and across all currencies effective November. On NRE (Rupee) deposits, the revised rates are: 6.34 per cent (6.30 per cent) for one year to below two years, 6.17 per cent (6.09 per cent) for two years to below three years and 6.11 per cent (6.01 per cent) for above three years, says a bank release.

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