Home >Money >Personal-finance >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% from 6%. Photo: Mint
The interest rate for fixed deposits between 1-3 years will increase to 6.25% from 6%. Photo: Mint

United Bank of India raises deposit rates by 0.25%

The bank has revised the rate of interest on domestic term deposits for less than 1 crore, with effect from December 14, 2018

New Delhi: 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% from existing 6.35%, the bank said in a regulatory filing.

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

The bank has revised the rate of interest on domestic term deposits for less than 1 crore, with effect from December 14, 2018, it said.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Close
x
×
My Reads Redeem a Gift Card Logout