Kolkata: Uco
Bank has decided to reduce the rate of interest on deposits that
have a maturity period of two to three years from 8 per cent to
7.75 per cent, and for the period of 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 will take effect
from 13 June 2002.
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