News

Corporation Bank hikes NRE and FCNR(B) rates The changed rates are effective from 01.11.2006 Rates on NRE deposits: Deposit for one year to less than two year-----6.34% Deposit for two year to less than three year------6.17% Deposit for three year to 10 years---------6.11% Rates on FCNR(B) deposits: Deposit currency Dollar Deposit for one year to less than two year----5.34% Deposit for two year to less than three year----5.17% Deposit for three year to less than four year-----5.11% Deposit for four to less than five years--------5.11% Deposit for five years-----5.12% Lakshmi Vilas Bank, South Indian Bank and Central Bank of India have also revised their rates on the same lines.