kolkata united bank of india said it would reduce plr by 50 basis points to 13 per cent from january 12 the bank said it would pass on the benefit to all existing and new borrowers the deposit rates would also be realigned it said idbi bank reduced the interest rate on retail term deposit by 50150 bps in the maturity bucket of 4690 days upto 10 years wef january 1 2009 and also realigned its maturity buckets further the bank is introducing a longer maturity term deposit of 1100 days with interest rate for normal depositors 95 pa and 10 pa for senior citizens in lieu of the existing 890 days term deposit this new deposit is available from january 1 2009