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Business News/ Money / Personal-finance/  United Bank of India raises deposit rates by 0.25%
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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

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

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.

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Published: 13 Dec 2018, 01:18 AM IST
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