Business Daily from THE HINDU group of publications
Sunday, Jul 05, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Sunday, Jul 05, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Fixed Deposits Industry & Economy - NRIs UCO Bank hikes FCNR rates Our Bureau Kolkata, July 4 UCO Bank has increased rates of interest on FCNR and NRE deposits effective July 1, according to a press statement issued by the company. In the case of FCNR (B) deposits, the interest rates on dollar deposits of various tenure are as follows: one-to-less than two years at 2.61 per cent (2.60 per cent), two-to-less than three years at 2.53 per cent (2.38 per cent), three-to-less than four years at 3.12 per cent (2.99 per cent), four-to-less than five years at 3.57 per cent (3.52 per cent) and for five years only at 3.93 per cent (3.92 per cent). The interest rates on NRE deposits have been revised as follows: one-to-less than two years at 3.36 per cent (3.35 per cent), two-to-less than three years at 3.28 per cent (3.13 per cent) and for three years at 3.87 per cent (3.74 per cent). More Stories on : Fixed Deposits | NRIs | Interest Rates
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