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Union Bank, OBC revise deposit rates on FCNR accounts
October 01, 2012
Public sector lenders Union Bank of India and Oriental Bank of Commerce revised their deposit rates on FCNR accounts (foreign currency non-deposit accounts) with maturity of one-five years from today.
As per the revised rates announced by Union Bank, the deposit rates have been revised downwards by 4-12 basis points on 1-5 year maturity in dollar-denominated accounts.
Similarly, rates have also been revised for FCNR accounts in the euro, pound, Australian and Canadian dollars among others.