RBI continues to rise the repo rate from previous financial quarters in tranches. As a result, banks hike the FD rate. Following suit, UCO Bank also hikes the rate and launches two special FD schemes. Find out the new rates and key details about the newly launched plans by going through his article.
Kolkata-based UCO Bank has informed its customers that it is giving 30 basis points (bps) higher rate of interest on the bank’s Fixed Deposits. It is only for those who have taken their COVID-19 vaccination. But there is a catch. The tenure for this UCO Bank FD is 999 days.