New Delhi, June 19 -- Private lender Bandhan Bank on Friday, 19 June, announced that it has revised upward the interest rates offered on Foreign Currency Non-Resident (Bank), or FCNR(B), deposits for non-resident Indian (NRI) customers.

Under the revised structure, the bank will offer an interest rate of 7.1% on US dollar-denominated FCNR(B) deposits of $1 million or more with maturities ranging between three and five years, according to an official statement.

For deposits below the $1 million threshold, the interest rate has been increased to 7%, the bank said.

"We are pleased to introduce this attractive FCNR(B) deposit offering for our NRI customers at a time when they are seeking stability and value in their overseas investments. T...