United Bank of India hike deposit rates effective from March 1

United Bank of India hike deposit rates effective from March 1, 2013.

Kolkata headquartered United Bank of India (UBI) has increased the rate of interest on domestic term deposits below Rs 5 crore by 25 basis points effective March 1.

The revised rates for deposits of one-year tenure have been increased to nine per cent (8.75 per cent). Senior citizens will get an additional 50 basis points benefit on the rate, said a bank statement.

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