OREANDA-NEWS. September 6, 2012. Central Bank of India has revised interest rates( tax free) on FCNR- b deposits as under.

The bank now offers interest of 3.03 % for USD deposit of 1 year to less than 2 years, 3.87 % for USD deposit of 5 years, 4.07 % for GBP deposit of 5 years, 3.98 % for euro deposit of 5 years, 4.67 % for canadian dollar deposit of 5 Years & 6.50 % for australian dollar deposit of 1 year as well as for 5 years.

On nre rupee deposits the bank offers 9.30 % (tax free) interest for 1) single deposit of rs. 15 lac to below rs. 1 crore from 1 year to less than 3 years period, 2) upto less than rs. 1 crore for 555 days.

All branches of the bank accept these deposits.