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Kolkata, Aug. 22

UCO Bank has created a new bucket for deposits for one-year time frame and is offering 10.10 per cent per annum, effective August 22. Earlier, the bank did not have any deposit falling exactly into the one-year duration. The interest rate for senior citizens will be 10.60 per cent, said a press release from the bank. The bank’s offer under Independence Bonanza Scheme would continue as it is with the exception of one-year term deposit. The rate of interest offered und er the scheme for one year would now stand at 10.10 per cent per annum, the release said.

— Our Bureau

More Stories on : Fixed Deposits | Strategy | Public Sector Banks | Interest Rates

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