TAMILNAD MERCANTILE BANK: Interest rates for FCNR (B) deposits..


Mr. S.Selvan Rajadurai, General Manager (Business Development) Tamilnad Mercantile Bank Ltd, Head office, Thoothukudi in a release to press has informed the following.


With effect from 01st September 2013, the rate of interest on FCNR (B) deposits has been revised as detailed below:

Interest rates for FCNR (B) deposits:

               
Currency
Period
1 year and above but less than 2 years
2 years and above but less than 3 years
3 years and above but less than 4 years
4 years and above but less than 5 years
5 years only
Old
New
Old
New
Old
New
Old
New
Old
New
USD
2.67
2.67
2.48
2.57
4.78
4.95
5.17
5.38
5.56
5.77
GBP
2.86
2.87
2.71
2.84
4.87
5.13
5.11
5.45
5.41
5.73
EUR
2.47
2.48
2.56
2.64
4.74
4.87
4.96
5.13
5.20
5.36
CAD
3.37
3.37
3.55
3.56
5.78
5.83
6.03
6.11
6.26
6.34
AUD
4.48
4.51
4.65
4.76
6.89
7.07
7.19
7.39
7.42
7.63
JPY
2.41
2.41
2.28
2.27
4.32
4.31
4.38
4.36
4.46
4.45
CHF
2.24
2.24
2.20
2.23
4.34
4.39
4.52
4.60
4.73
4.82


The above revised interest rate structure is effective from 01.09.2013 to 30.09.2013.
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