Two public sector banks Central Bank of India and UCO Bank have changed the interest rates of FD. The new rates have come into effect from February 10.
New Delhi: The Reserve Bank of India (RBI) has recently decided to keep the policy rates unchanged. After the decision, two public sector banks have revised their interest rates on fixed deposits ie FDs. Actually, two public sector banks Central Bank of India and UCO Bank have changed the interest rates of FD. The new rates have come into effect from February 10. Even before this, many banks have changed the rates of FD.
CBI’s new interest rates
After the change in interest rates, the minimum interest rate of the Central Bank of India is 2.75 percent and the maximum interest rate is 5.15 percent.
At the same time, the interest rate for 7-14 days is 2.75 percent.
2.90 per cent interest rate for 15-30 days
2.90 per cent for 31-45 days
3.25 per cent for 46-90 days
is 3.80 per cent for days 1-179
UCO bank new interest rates
At the same time, UCO Bank has also changed its interest rates. The minimum interest rate of UCO Bank is 2.80 percent and the maximum interest rate is 5.60 percent.
Interest rate for 7-29 days is 2.80 percent
3.05 per cent for 30-45 days
3.80 per cent for 46-90 days
3.95 per cent for 91-180 days
is 4.65 per cent for 181-364 days
5.35 per cent for 1 year
5.60 per cent for 1-2 years
5.60 per cent for 2-3 years
5.80 per cent for less than 3-5 years
is 5.60 per cent for more than 5 years
There have been changes in the FDs of many banks
It is worth noting that recently many major banks of the country like- SBI, HDFC Bank, Kotak Mahindra Bank etc. have also changed the interest rates on fixed deposits.
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