OBC Revises FCNR Deposit Rates

Oriental Bank of Commerce (OBC) has announced changes in interest rates on foreign currency non resident (FCNR) deposits on all maturities from one to five years for US dollars, British pounds, euro, Australian dollar and Canadian dollar deposits. interest rates on US dollar denominated deposits for 1 to 2 years have decreased to 3.89 per cent as against 4.15 per cent earlier, GBP deposits to 5.4 per cent from 5.44 per cent and Euro deposi ts to 3.86 per cent from 3.98 per centrespectively.