Financial Daily from THE HINDU group of publications
Sunday, May 12, 2002
Financial Daily from THE HINDU group of publications Sunday, May 12, 2002 |
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Money & Banking
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Interest Rates UCO Bank to cut deposit rates Our Bureau
KOLKATA, May 11 UCO Bank has decided to reduce the rate of interest on deposits having maturity period two to three years from 8 per cent to 7.75 per cent, and for the period three years to five years from 8.25 per cent to 8 per cent. According to an official release issued here by the bank, the rate of deposits from banks will be the same as that enjoyed by public deposits. All other rates remain unchanged. The changes come take effect from June 13.
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