United Bank of India raises deposit rates by 0.25%
The interest rate for fixed deposits between 1-3 years will increase to 6.25 per cent from 6 per cent.
![United Bank of India raises deposit rates by 0.25% United Bank of India raises deposit rates by 0.25%](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/12/13/64217-ubi-pti.jpg?itok=mmX7dgfB&c=ac83f34b40e4bc8abdd6dfb5abca35b0)
State-owned India United Bank of India on Wednesday raised deposit rates across select maturities by 0.25 per cent. With the increase, fixed deposit rate for one-year tenure will increase to 6.5 per cent from existing 6.35 per cent, the bank said in a regulatory filing.
The interest rate for fixed deposits between 1-3 years will increase to 6.25 per cent from 6 per cent. The bank has revised the rate of interest on domestic term deposits for less than Rs 1 crore, with effect from December 14, 2018, it said.
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02:07 PM IST