UCO Bank revises interest rates on Domestic Term Deposits

Kolkata, Jul 09 (UNI) The UCO Bank has revised the rates of interest on Domestic Term Deposits effective from July 10.

The rate of interest for the period of one year to less than three years would be 9.25 per cent per annum and for three years to five years and above 9 per cent per annum.

The rate of interest for the period of 15 to 29 days would be 4 per cent a year, while for 30 to 45 days it would be 4.50 per cent and for 46 to 90 days 5 per cent a year.

The rate of interest for the period of 180 to 270 days would now be 7 per cent per annum and for 271 to 364 days 8.50 per cent. The rate of interest for the period of 91 to 179 days, however, remains unchanged at 6 per cent a year.

Senior citizens can now enjoy a rate of interest of 9.75 per cent per annum for the period one year to less than three years.

Rates of interest on Fixed Deposits under the UCO Tax Saver Scheme, where the deposit has essentially to be kept for a period of five years, the revised rate of interest will now be 9 per cent a year.

The above rates are applicable for all fresh deposits as well as renewal of existing deposits with effect from July 10, 2007.

UNI