UCO Bank revises interest rates on NRI deposits

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Kolkata, Nov 21 (UNI) State owned UCO Bank has revised its interest rates on NRI deposits for all the tenors with retrospective effect from November 17.

The NRE term deposits for 1 to 2 years, 2 to 3 years, and 3 years and above have been hiked to 4.92 per cent, 4.41 per cent and 4.89 respectively.

Similarly on FCNR (B) deposits, there has been upward revision in interest rates for all the currencies mentioned below for the respective maturity periods.

Currency USD GBP EURO YEN AUS$ CAN$ Period 1-2 yr 4.17 % 7.01 % 5.87 % 2.16 % 7.28 % 4.17 % 2-3 yr 3.66 % 5.18 % 4.60 % 1.87 % 6.14 % 3.26 % 3-4 yr 4.14 % 5.32 % 4.70 % 1.94 % 6.44 % 3.52 % 4-5 yr 4.49 % 5.42 % 4.81 % 2.05 % 6.66 % 3.70 % 5-yrs only 4.76 % 5.51 % 4.91 % 2.15 % 6.72 % 3.89 % RFC term deposits remain same as that of FCNR (B) deposits as mentioned above for different maturities.

UNI XC PC AB 1936

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