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UCO Bank cuts term deposit rates

BL Research Bureau

UCO Bank has cut its term deposit rates for higher maturity periods by 25 basis points effective December 1. The new rates are 5 per cent for 180 to 364 days, 5.25 per cent for one-three years, and 5.5 per cent for three years and above maturity periods. The rate of interest on deposits for seven-179 days has not been changed.

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