United Bank of India on Friday said it had decided to bring down interest rates on domestic term deposits of various tenures by 25 to 50 basis points with effect from Saturday.
The revised rates will apply to fresh term deposits and on renewal of existing term deposits, a UBI release said in Kolkata.
For deposits of 7 to 14 days, rate of interest will be 4 per cent and that of 15 days to 29 days and 30 days to 45 days -- 4.50 per cent.
The other rates are as follows: 4.75 per cent for 46 days to 90 days, 5 per cent for 91 days to 179 days, 5.25 per cent for 180 days to less than one year, 5.50 per cent for one year to less than two years, 5.75 per cent for two years to less than three years, and for deposits of three years and above the interest rate will be six per cent.
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