UCO Bank revises interest rate

Kolkata, June 1 (UNI) The interest rate on Non-Resident Indian(NRI) deposit has been hiked, UCO Bank sources said today.

Announcing this, the UCO Bank source said the NRE term deposits held for the period of less than two years is 5.39 per cent, less than three per cent is 5.32 per cent and less than four years is 5.30 per cent.

While the deposits in foreign currency like US dollar, Sterling, Euro or Yen or FCNR(B) deposits the interest rate for less than two years is 4.64 per cent, for less than three per cent is 4.57 per cent, for less than five years is 4.55 per cent and five years it is 4,57 per cent.

UNI