IMPORTANT NEWS: Central Bank of India, UCO Bank Revise Interest Rates on Fixed Deposits | Check New Rates
With the RBI (Reserve Bank Of India) earlier this week deciding to keep the repo and reverse repo rates unchanged, the Central Bank of India and UCO Bank have revised their interest rates on Fixed Deposits.
The 2 banks have revised their FD interest rates for amounts below Rs 2 crore. They issued statements regarding the same. The new rates are effective from February 10, 2022.
The Central Bank of India on its website stated that the interest rates will range from 2.75% to 5.15% across different tenures.
Central Bank of India rates
For 7-14 days, the bank will give a 2.75% interest rate. For 13-45 days, the bank will give an interest rate of 2.90%. For 45-90 days, the bank will give an interest rate of 3.25%. For 91-179 days, the interest rate will be 3.80%.
UCO Bank rates
In a statement, the UCO bank said that the term deposits of less than Rs 2 crore maturing between 1-3 years will fetch a minimum interest rate of 5.10%. For senior citizens, the interest rate is 5.60% for the same tenure and amount.
So, if you are an account holder in one of these banks, you can think about opening an FD with these attractive FD rates.
For more breaking news, click here.