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 Money & Banking - Fixed Deposits
UCO Bank hikes deposit rates

Kolkata, Sept. 18

UCO Bank increased the rates of interest on FCNR and NRE deposits effective September 17, according to a press statement issued by the bank. The revised rates of interest for dollar deposits of various tenures are: one-to-less than two years at 2.96 per cent (2.46 per cent), two-to-less than three years at 3.06 per cent (2.56 per cent), three-to-less than four years at 3.38 per cent (2.88 per cent), four-to-less than five years at 3.60 per cent (3.10 per cent) and for five years only at 3.76 per cent (3.26 per cent). The interest rates on NRE deposits for various tenures are: one-to-less than two years at 3.71 per cent (3.21 per cent), two-to-less than three years at 3.81 per cent (3.31 per cent) and for three years at 4.13 per cent (3.63 per cent). - Our Bureau

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