UCO Bank has revised upward interest rates on short Term NRI deposits with effect from September 1, 2007. For NRE term deposit for the period of 1 year to less than 2 years is hiked from 5.25 per cent to 5.28 per cent.
For FCNR (B) deposits the interest rates for period of 1 year to less than 2 years are hiked from 4.50 per cent to 4.53 per cent p.a. in USD, 5.54 per cent to 5.82 per cent in GBP, 3.79 per cent to 4.03 per cent in EURO, 0.24 per cent to 0.39 per cent in Jap Yen, 6.14 per cent to 6.36 per cent in AUD and 4.14 per cent to 4.24 in CAD.
