(MENAFN- Khaleej Times) Axis Bank, India's third largest private sector Bank, announced an increase in the interest rates on Foreign Currency Non Resident deposits of tenures over three years by one per cent, with effect from August 17.
The bank has also announced an increase in interest rates on Non Resident External fixed deposits for tenures above three years by 50- 75 basis points, with effect from August 24, 2013.
The FCNR-B fixed deposits between three-four years in US dollar would now attract 4.78 per cent as compared to 3.78 per cent earlier.
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