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Central Bank of India revises interest rates on FCNR-B deposits

01 Dec 2014 Evaluate

Public-sector bank, Central Bank of India has revised its deposit rates payable on foreign currency non-resident (FCNR)-B deposits with effect from December 1, 2014. These rates are revised based on the rates announced by Foreign Exchange Dealers’ Association of India (FEDAI) on November 28, 2014 and is valid till December 31, 2014.

The Bank now offers interest of 3.72 % for USD Deposit of 5 Years, 3.55 % for GBP Deposit of 5 Years, 2.46 % for EURO Deposit of 5 Years, 3.95 % for Canadian Dollar Deposit of 5 Years & 5.07 % for Australian Dollar Deposit of 5 Years.

Central Bank of India has been serving more than 3,50,00,000 account holders through its 4,400 branches, 6 extension counters, 29 Satellite offices, 1,970 ATMs and 2,413 ultra small branches (USBs).

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