Bank FD New rates: This bank is giving 7.10% return on 333 days tenure, new rates applicable, check here

Public sector banks have changed the interest rate of FD. 0.50% additional interest is being given on tenure of more than one year. New rates have become effective. Let us know how much return is being given on investment of how many days?

UCO Bank is included in the list of famous and big public sector banks. It was established in 1943. Now it is 82 years old. The bank has revised the interest rates of fixed deposits. The rates of fixed deposits (Bank FD) of less than Rs 3 crore have been reduced by 15 bps i.e. 0.15%, which have also become effective from June 5. On some tenures, the return is going to be less than before.

Earlier, the government bank was offering a maximum of 7.05% interest to the general citizens. But now this will not happen. On tenures ranging from 7 days to more than 5 years, a minimum of 2.90% and a maximum of 6.90% return is being given. Senior citizens are getting 0.25% more interest from the bank on tenures of less than one year. 0.50% interest is being given on FDs of more than one year. Still the highest interest is being given on a period of 444 days.

Now you will get less interest on these tenures

After the amendment, general citizens are getting 6.85% interest on FD of 333 days. Earlier the rates were 7%. Senior citizens are getting 7.10% interest. Now the bank is offering 6.40% return to general citizens instead of 6.50% on tenure of more than one year and 443 days. The interest rate for senior citizens is 6.90%. General citizens will get 6.90% return instead of 7.05% on 444 day deposit. On the other hand, general citizens will get 6.90% return instead of 7.05% on tenure of 444 days to 2 years.

Know the interest rates according to the tenure

7 days to 14 days – 2.90%

15 days to 29 days – 2.90%

30 days to 45 days – 3%

46 days to 60 days – 3.50%

61 days to 90 days – 3.50%

91 days to 120 days – 4.50%

121 days to 150 days – 4.50%

151 days to 180 days – 5%

181 days to 332 days – 5.50%

333 days – 6.85%

334 days to 364 days – 5.50%
1 year – 6.50%

More than 1 year and 443 days – 6.40%

444 days – 6.90%

445 days to 2 Upto 1 year- 6.40%

More than 2 years and upto 3 years- 6.30%

More than 3 years and upto 5 years- 6.20%

More than 5 years- 6.10%

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