You are here: Home » Finance » News » Banks
Business Standard

United Bank of India hikes deposit rates across select maturities by 0.25%

The interest rate for fixed deposits between 1-3 years will increase to 6.25 per cent from 6 per cent

Press Trust of India  |  New Delhi 

United Bank of India, UBI, United, United Bank
United Bank of India | Photo: Wikimedia Commons

State-owned of India on Wednesday raised rates across select maturities by 0.25 per cent.

With the increase, fixed rate for one-year tenure will increase to 6.5 per cent from existing 6.35 per cent, the 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 has revised the rate of interest on domestic term deposits for less than Rs 1 crore, with effect from December 14, 2018, it said.

First Published: Wed, December 12 2018. 22:10 IST
RECOMMENDED FOR YOU