UCO Bank FD Rates 2022

UCO Bank offers fixed deposits for both Resident Indians and Non-Resident Indians. The interest rates for domestic term FDs range from 2.55% p.a. to 5.05% p.a. with flexible repayment tenures that range from 7 days to 5 years and beyond. Senior citizens can avail additional interest of up to 0.50% p.a. more than the general public.

UCO Bank Domestic Term Deposit rates: Below Rs.2 crore

Tenure General Public (p.a.) Senior Citizens (p.a.)
7 days to 14 days 2.55% 2.80%
15 days to 29 days 2.55% 2.80%
30 days to 45 days 2.80% 3.05%
46 days to 60 days 3.55% 3.80%
61 days to 90 days 3.55% 3.80%
91 days to 120 days 3.70% 3.95%
121 days to 150 days 3.70% 3.95%
151 days to 180 days 3.70% 3.95%
181 days to 364 days 4.40% 4.65%
1 year 4.90% 5.15%
More than 1 year to 2 years 5.00% 5.50%
More than 2 years to 3 years 5.00% 5.50%
More than 3 years to 5 years 5.05% 5.55%
5 years and above 5.05% 5.55%

*The UCO Bank FD interest rates are subject to change at the discretion of the bank. The interest rates given in this table are valid as of 10 July 2021.

UCO Bank Term Deposit interest rates: Above Rs.2 crore up to Rs.5 crore

Tenure General Public (p.a.)
7 days to 14 days 3.00%
15 days to 30 days 3.00%
31 days to 45 days 3.00%
46 days to 90 days 3.00%
91 days to 180 days 3.00%
181 days to 210 days 3.00%
211 days to 270 days 3.00%
271 days to 1 year 3.40%
More than 1 year to 2 years 3.40%
More than 2 years to 3 years 3.25%
More than 3 years to 5 years 3.25%
5 years and above 3.25%

*The UCO Bank Fixed Deposit rates are subject to change at the discretion of the bank. The interest rates given in this table are valid as of 10 July 2021.

UCO Bank Tax Saving FD Rates

UCO Bank's Tax Saving FD interest rates are as given below:

Tenure General Public (p.a.) Senior Citizens (p.a.)
5 years 5.00% 5.50%

Types of UCO Bank Domestic Fixed Deposit Schemes

Variants of UCO Bank Non-resident Indian (NRI) Term Deposits

  • UCO Bank Non-Resident External (NRE) Deposits
  • UCO Bank Non-Resident Ordinary (NRO) Deposits
  • UCO Bank Foreign Currency Non-Resident (Bank) (FCNR (B)) Deposits

UCO Bank NRE Term Deposit rates: Below Rs.2 crore

Tenure Regular FD rates (p.a.)
1 year 4.90%
More than 1 year to 2 years 5.00%
More than 2 years to 3 years 5.00%
More than 3 years to 5 years 5.05%
Above 5 years 5.05%

*The UCO Bank NRE FD interest rates tend to change with time. The rates given here are valid as of 10 July 2021.

UCO Bank NRE Fixed Deposit rates: Above Rs.2 crore up to Rs.5 crore

Tenure Regular FD rates (p.a.)
1 year 3.40%
More than 1 year to 2 years 3.40%
More than 2 years to 3 years 3.25%
More than 3 years to 5 years 3.25%
Above 5 years 3.25%

*The UCO Bank NRE FD interest rates tend to change with time. The rates given here are valid as of 10 July 2021.

UCO Bank FCNR (B) Fixed Deposit Rates

The FD rates* for FCNR (B) deposits are marked against the associated currency**:

Tenure USD GBP EUR JPY CAD AUD CHF SGD HKD
1 years to 2 years 0.88 0.48 0.01 0.01 0.72 0.14 0.00 0.71 0.93
2 years to 3 years 0.87 0.51 0.01 0.04 0.63 0.15 0.00 0.77 0.96
3 years to 4 years 0.96 0.57 0.01 0.05 0.73 0.22 0.03 0.84 1.01
4 years to 5 years 0.98 0.62 0.01 0.06 0.82 0.28 0.08 0.94 1.06
5 years 0.01 0.67 0.01 0.06 0.98 0.36 0.14 1.04 1.13

*The UCO Bank FCNR (B) FD interest rates tend to change with time. The rates given here are valid as of 10 July 2021

**US- US Dollar, GBP- Pound Sterling, JPY- Japanese Yen, CAD- Canadian Dollar, AUD-Australian Dollar, CHF-Swiss Franc, SGD-Singapore Dollar, HKD-Hong Kong Dollar.

Features & Benefits of UCO Bank Fixed Deposits

The features and benefits of UCO Bank Fixed Deposits are:

  • Interest compounded at quarterly intervals
  • Interest is paid out at maturity
  • Diverse range of schemes for different requirements
  • Tax Saver FD provides income tax benefits under Section 80C of the Income Tax Act
  • Flexible Fixed Deposit scheme allows for premature encashment in multiples of Rs.5,000 without affecting the contracted interest rate of the balance amount

Eligibility criteria for UCO Bank FD

The following entities are eligible to open a UCO Bank FD:

  • Indian citizens
  • Resident individuals
  • Non-Resident Indians
  • Individuals
  • Hindu Undivided Family (HUF)

UCO Bank Loan Against FD

Loan against FD facility is available for the UCO Bank Monthly Income FD scheme as well as the Term Deposit Scheme UCOVAXI – 999 For 999 Days.

Nomination Facility on UCO Bank FD

Nomination facility is available for UCO Bank FD.

FAQs on UCO Bank FD Rates

  1. What is the highest fixed deposit interest rate for UCO Bank?

    The highest fixed deposit interest rate for UCO Bank domestic term deposits below Rs.2 crore is 5.05% p.a. for a tenure exceeding 5 years while for term deposits ranging from Rs.2 crore to Rs.5 crore, the highest interest rate is 3.40% p.a. for a tenure of 271 days up to 2 years.

  2. Are there any special rates for senior citizens FD of UCO Bank?

    Yes, senior citizens are given an additional interest rate of 0.50%.

  3. Is there any minimum amount that I have to give for opening a Fixed Deposit with UCO Bank?

    Yes, the minimum amount for opening a UCO Bank fixed deposit is Rs.1,000.

  4. Is it possible to change the tenure of my existing fixed deposit account with UCO Bank?

    Once a fixed deposit is opened, the tenure cannot be changed. However, you can open a new fixed deposit with the tenure you wish.

  5. In how many years FD will double in UCO Bank?

    The number of years it takes for an FD to double will depend on the contracted interest rate at the time of opening the fixed deposit and the tenure.

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