India, June 20 -- Private sector lender Bandhan Bank on Friday said it has increased interest rates on Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits for non-resident Indian customers. The bank will now offer an interest rate of 7.1 per cent on US dollar-denominated FCNR(B) deposits of USD 1 million and above for tenures ranging from 3 to 5years, according to a company release.

For deposits up to USD 1 million, the interest rate has increased to 7 per cent, the bank said in a release.

"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. This offering allows them to lock in competitive returns for a longer du...