FD Account: The bank increased the interest rates on FDs by up to 25 bps for tenures ranging from one year to ten years. UCO Bank is now offering a maximum interest rate of 6.75% for general public and 7.25% for senior citizens on FDs maturing in 666 days.
FD Interest Rates: These days many banks are increasing the interest rates on their FDs. Now the name of one more bank has been added to these banks. Now public sector bank UCO Bank (UCO Bank) has increased the interest rates on FDs. The bank has increased the interest rates on FDs of less than Rs 2 crore. According to the official website of the bank, the new rates are effective from 19 December 2022. After the revision, the bank increased the interest rates on FDs by up to 25 bps for tenures ranging from one year to ten years. UCO Bank is now offering a maximum interest rate of 6.75% for general public and 7.25% for senior citizens on FDs maturing in 666 days.
UCO Bank FD Rates
The bank is now offering an interest rate of 2.90% on deposits maturing in 7 to 29 days and will continue to offer 3.00% interest rate on deposits maturing in 30 to 45 days. On deposits maturing in 46 to 120 days, UCO Bank will continue to offer an interest rate of 4.00% and on deposits maturing in 121 to 150 days, the bank will continue to offer an interest rate of 4.50%.
FD Rates
Deposits with maturity between 151 and 180 days will continue to pay 5.00% interest and deposits with maturity between 181 and 364 days will continue to pay 6.00% interest. The bank has increased the interest rate on deposits maturing in 1 year by 15 basis points from 6.35% to 6.50%. At the same time, by increasing 10 basis points on deposits of more than one year but less than two years, the interest rate has been increased from 6.20% to 6.30%. On the other hand, UCO Bank has increased interest rates by 20 basis points (BPS) on deposits maturing between 2 to 5 years, increasing them from 6.00% to 6.20%.
Interest Rates
On deposits maturing in 5 years or more, the bank increased interest rates by 10 bps and increased them from 6.00% to 6.10%. In addition, deposits maturing in 444 days will now carry an interest rate of 6.50%, which represents an increase of 25 basis points. While those maturing in 666 days will now be given interest at the rate of 6.75%.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
