• UCO Bank Fixed Deposit Schemes

    UCO Bank accepts deposits from a wide variety of customers in fixed term accounts, paying interest on the funds maintained therein. Returns under these FDs are fixed and rates differ according to the holding periods. Deposit periods are also pre-determined. Depositors have the option under different schemes offered by the bank to maintain funds for short, medium or long periods of time. These schemes come with different kinds of value-add benefits such as renewal, nomination and overdraft facilities.

    Types of UCO Bank Fixed Deposit Schemes

    • Kuber Yojana scheme
    • UCO Monthly Income Deposit scheme
    • UCO Tax Saver Fixed Deposit scheme-2006
    • Flexible FD scheme

    Features of UCO Bank Kuber Yojana Scheme

    • Interest is compounded on quarterly rests through reinvestment
    • Minimum investment: Rs.1,000
    • Range of maturity period: 6 months to 10 years
    • Cumulative interest payout

    Features of UCO Monthly Income Deposit Scheme

    • Tenure: 5 years
    • Minimum deposit amount: Rs.50,000
    • Maximum deposit amount: Rs.1 crore
    • Interest payout: First day of every month
    • Premature withdrawals allowed
    • 1% penalty charged on premature withdrawals
    • Loans and overdraft facility against the deposit available
    • Nomination facility
    • FDs can be transferred within branches but not to another bank
    • Deposits renewed automatically unless instructions given otherwise
    • Tax Deducted at the Source (TDS) applicable to the interest as per the Income Tax Act, 1961

    Features of UCO Tax Saver Fixed Deposit Scheme-2006

    • Tax exemptions to the accountholder as dictated under Section 80C of the Income Tax Act, 1961
    • Minimum deposit: Rs.100
    • Maximum deposit: Rs.1.50 lakh
    • Period of deposit: 5 years
    • Can be operated as a joint account by two adults or one minor and an adult
    • Premature withdrawals are not permitted
    • Cannot secure loans against the deposit
    • Interest income will be taxed under TDS of the Income Tax Act, 1961

    Features of UCO Bank Flexible FD Scheme

    • Reinvestment Plan
    • Partial withdrawals are allowed
    • After the withdrawal, the funds in the account will continue to get you an interest income
    • You can withdraw money in units of Rs.5,000

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

    Tenure General Public (p.a.) Senior Citizens (p.a.)
    7 days to 14 days 2.75% 3.00%
    15 days to 29 days 2.75% 3.00%
    30 days to 45 days 3.00% 3.25%
    46 days to 60 days 3.75% 4.00%
    61 days to 90 days 3.75% 4.00%
    91 days to 120 days 3.90% 4.15%
    121 days to 150 days 3.90% 4.15%
    151 days to 180 days 3.90% 4.15%
    181 days to 364 days 4.70% 4.95%
    1 year 5.00% 5.25%
    More than 1 year to 2 years 4.90% 5.40%
    More than 2 years to 3 years 4.90% 5.40%
    More than 3 years to 5 years 4.85% 5.35%
    5 years and above 4.85% 5.35%

    *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 September 2020.

    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 2.75%
    15 days to 30 days 2.75%
    31 days to 45 days 2.75%
    46 days to 90 days 2.75%
    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 3.25%
    More than 1 year to 2 years 3.25%
    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 8 October 2020.

    Eligibility to Open a UCO Bank Fixed Deposit Account

    • Individuals who are Indian Citizens
    • Members of the Hindu Undivided Family (HUF)

    Documents to Open a UCO Bank Term Deposit Account

    • KYC Documents such as identity proof and address proof
    • Color passport-size photographs
    • Application form provided by UCO Bank
    • Income proof

    FAQs on UCO Bank FD Schemes

    1. What is the tenure period for UCO Bank Tax Saver Deposit scheme-2006?

      The maturity period for the Tax Saver FD is 5 years.

    2. Is the interest rate for UCO Bank Tax Saver Deposit scheme-2006?

      The FD rate for the Tax Saver Deposit is 4.85% p.a.

    3. What is the maximum interest rate that you can get on UCO Bank FD?

      The highest UCO Bank FD rate is 5.00% p.a. for a tenure of 1 year for deposits below Rs.2 crore.

    4. What is the minimum amount of invest for a UCO Bank Fixed Deposit?

      You must make an investment of at least Rs.1,000 to open a UCO Bank FD account.

    5. What is the penalty for premature withdrawals on FD?

      If you make a premature withdrawal, you are charged with a penal interest rate of 1%.

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    UCO Bank Fixed Deposit Reviews

    • UCO
      "FD account"
      0.5 5.0/5 "Blown Away!"
      I am using UCO bank FD. I dont get any tax benefits here. The rate of interest is 9.75% which is applicable for me . ( Normal interest + the staff rate is 1%) therefore I had been offered 9.75% interest rate. For a normal customer interest rate on FD is 8.25% and for senior citizen they are offering around 8.75%.
      Was this review helpful? 19
      , indore
      Reviewed on Dec 03, 2016
    • UCO
      UCO
      "Offering the best interest rate"
      0.5 5.0/5 "Blown Away!"
      UCO Bank FD is as same as other banks. In case if a customer wishes to open a FD online. The first check point would be, a customer has to hold an account with the same bank, after checking the KYC information probably after which they can open a FD. Tax saver plan is really good, however I am not allowed to preclose the FD.
      Was this review helpful? 7
      , guntur
      Reviewed on Nov 02, 2016
    • UCO
      "Great!!!"
      0.5 4.0/5 "Great!"
      UCO bank is giving 9.2% interest rate for the fixed deposit with the minimum lock in period of five years. In case we plan to liquid the cash in between the liquid period there is no any extra charges. I visited the branch and avail the service
      Was this review helpful? 17
      , bhubaneshwar
      Reviewed on Dec 21, 2015
    • UCO
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My grand parents were doing all their transactions with UCO bank only. So I have opened an fixed deposit account with them. Every month I am with drawing 10 k from this account. They are providing 10.30% as the interest rate which is good in market. I am loyal customer to them so there were no additional charges.
      Was this review helpful? 10
      , bangalore
      Reviewed on Nov 14, 2015
    • UCO
      "Average"
      0.5 3.0/5 "Satisfactory"
      My feedback for UCO FD is fine. Its neither good nor bad. The reason why I have opened a FD with UCO Bank is because I am holding a savings account with them. Interest rate offered by them was okay and its a single account and I have got FD certificate as well.
      Was this review helpful? 8
      , kolkata
      Reviewed on Sep 29, 2015
    • UCO
      "Good interest rate"
      0.5 5.0/5 "Blown Away!"
      I have 3-4 Fixed Deposit account in UCO Bank. Interest rate offered from UCO Bank for Fixed Deposit varies between 9.75%-10.0%. Most of my Fixed Deposits are at compound yearly deposits. Best thing from UCO Bank is: they do not have any additional charges for closing the Fixed Deposit before maturity.
      Was this review helpful? 5
      , lucknow
      Reviewed on Aug 25, 2015
    • UCO
      "Excellent options for FD opening"
      0.5 5.0/5 "Blown Away!"
      I opened one under UCO Thousand Scheme and other i opened UCO RDUSS in which you can put variable account in RD. I got very good interest till now. And the customer service they are providing is excellent since young officers are coming in bank nowadays
      Was this review helpful? 12
      , margao
      Reviewed on May 22, 2015
    • UCO
      "Good !!"
      0.5 4.0/5 "Great!"
      At any time we can walk in to the branch of UCO bank to close the Fixed deposit and there is no extra charge as well. Employees are good and they listen to customer queries and rectifying it as earlier. I am unable to recall the interest rate but it is affordable and gets accumulated in every six months period. UCO bank is well organized in all the aspects.
      Was this review helpful? 3
      , new delhi
      Reviewed on May 02, 2015
    • UCO
      "Good !!"
      0.5 5.0/5 "Blown Away!"
      First thing is reachability, secondly customer service and third the behavior of employees so everything is with UCO bank and they are deserving. Interest rate on Fixed Deposit is 9% and this is one time deposit where the rate will accumulate on end of every year.
      Was this review helpful? 12
      , lucknow
      Reviewed on Mar 12, 2015
    • UCO
      "Fixed deposit superb"
      0.5 5.0/5 "Blown Away!"
      uco bank fixed deposit gives me best maturity value as on date bank is giving rate of interest more than 8.75%. now days customer service of bank is good staff is giving quick response and now a days with ebanking facility we can fix our money sitting at home.
      Was this review helpful? 11
      , balotra
      Reviewed on Jan 07, 2015
    • UCO
      "uco bank fixed deposit"
      0.5 4.5/5 "Excellent!"
      uco bank fixed deposit gives me best maturity value as on date bank is giving rate of interest 8.75%. now days customer service of bank is good staff is giving quick response and now a days with ebanking facility we can fix our money sitting at home.
      Was this review helpful? 7
      , amethi
      Reviewed on Dec 20, 2014
    • UCO
      "Very easy to access"
      0.5 4.0/5 "Great!"
      UCO Bank fixed deposit is really good. They provide an inters rate of 8.75%. I am happy with the interest rate offered by them. Setting up this account was very easy. All I have to do is, I have to visit the Branch produce my documents and the best part is, they only asked for basic documents like Voters id and photo id and that is all my account was set up.
      Was this review helpful? 8
      , bhubaneshwar
      Reviewed on Dec 18, 2014
    • UCO
      "Good"
      0.5 5.0/5 "Blown Away!"
      The experience with UCO bank when I opted for a fixed deposit was not so good initially. In the later part when I got connected with the manager for the services it was good and co-operative. They helped me with all the details. The rate of interest provided was also satisfiable. The services was satisfactory on the whole.
      Was this review helpful? 6
      , bangalore
      Reviewed on Dec 07, 2014
    • UCO
      "UCO bank "
      0.5 5.0/5 "Blown Away!"
      I taken a fixed deposit with UCO bank. They offered Tax saver fixed deposit with very good interest. UCO Bank is very easy to access Fixed deposit...................UCO bank is good to customer support..................... Kept up UCO bank.............
      Was this review helpful? 21
      , hyderabad
      Reviewed on Aug 31, 2014
    • UCO
      "Good Service Overall"
      0.5 5.0/5 "Blown Away!"
      Fixed Deposit with UCO Bank they offered best interest rate at 9.10% when compare to other banks. My tenure plan for 5 years, on line facility is not available, i got receipt immediately, their is no charges, break facility is available. Usually they used to charge 1% of fees when we breaking our fixed deposit within 1 year
      Was this review helpful? 6
      , hyderabad
      Reviewed on Aug 27, 2014
    • UCO
      "Good customer service"
      0.5 4.0/5 "Great!"
      I am having my fixed deposit with UCO bank whereas they are very good. I have to renew the maturity amount. I am using locker facility. Needs more proper service on customer care wherein to get more customer satisfactions. No suggestions .
      Was this review helpful? 9
      , chennai
      Reviewed on Jul 15, 2014
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