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Our Bureau

Kolkata , Feb. 19

UCO Bank has reduced its interest rate on crop loans by half a percentage point. Effective March 1, loans up to Rs 50,000 will carry an interest rate of 8.5 per cent.

Loans between Rs 50,000 and Rs 2 lakh will carry a rate of 9.5 per cent, a press release issued here noted. The bank will also extend more incentives to senior citizens by increasing to one per cent the additional interest payable on their deposits from 0.5 per cent.

More Stories on : Public Sector Banks | Farm credit | Interest Rates

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