Central Bank of India, UCO Bank FD interest rates changed, check new rates

Central Bank of India and UCO Bank have revised interest rates on fixed deposit plans. 

New Delhi: Central Bank of India and UCO Bank have revised interest rates the lenders offer to investors of fixed deposit plans. The revision in the interest rates has come after the Reserve Bank of India (RBI), earlier in the week, kept the repo and reverse repo rates unchanged. 

Both the banks announced the decision to revise the interest rates on fixed deposit plans, on Friday, February 11. The revised interest rates are applicable on fixed deposit investments worth up to Rs 2 crore. The rates are effective from February 10, 2022.

On its official website, the Central Bank of India noted that investors will now earn interest at annual rates of 2.75 per cent to 5.15 per cent, depending on the tenure of the plan.