UCO Bank Fixed Deposit Schemes
UCO Bank Fixed Deposit schemes let you earn a fixed, guaranteed return on your savings, with the interest rate depending on the tenure you choose. UCO Bank offers four FD scheme types across short, medium and long tenures, each with its own features such as premature withdrawal, nomination and overdraft facilities.
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
UCO Bank also offers the UCO Green Deposit scheme, a fixed deposit that channels funds into environmentally sustainable projects. It is available for tenures of 1000, 2000 and 3000 days and earns interest at the applicable card rate for retail deposits plus 0.20%.
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. 3 crore
Deposit period | General Customer (p.a.) | Senior Citizen (p.a.) |
7-14 days | 2.90% | 3.15% |
15-29 days | 2.90% | 3.15% |
30-45 days | 3.00% | 3.25% |
46-60 days | 3.50% | 3.75% |
61-90 days | 3.50% | 3.75% |
91-120 days | 4.25% | 4.50% |
121-150 days | 4.25% | 4.50% |
151-180 days | 4.75% | 5.00% |
181-332 days | 5.00% | 5.25% |
333 days | 6.30% | 6.55% |
334-364 days | 5.00% | 5.25% |
1 year | 6.10% | 6.35% |
Above 1 year to 443 days | 6.10% | 6.60% |
444 days | 6.45% | 6.95% |
445 days to 2 years | 6.10% | 6.60% |
Above 2 years to 3 years | 6.00% | 6.50% |
Above 3 years to 5 years | 6.00% | 6.50% |
Above 5 years | 6.00% | 6.50% |
Note: The interest rates are effective from 21 May 2026.
UCO Bank also pays additional interest over the general customer rate to senior citizens, retired staff who are senior citizens, and serving staff members, at rates that vary depending on whether the deposit tenure is up to one year or above one year.
UCO Bank Term Deposit interest rates above Rs. 3 crore up to Rs. 10 crore
Tenure | Rate of Interest for Single Term Deposit (p.a.) | Rate of Interest for Single Non-callable Bulk Term Deposit (p.a.) |
7 days to 14 days | 4.00% | 4.00% |
15 days to 30 days | 4.00% | 4.00% |
31 days to 45 days | 4.25% | 4.25% |
46 days to 90 days | 4.50% | 4.55% |
91 days to 180 days | 4.75% | 4.80% |
181 days to 210 days | 5.00% | 5.05% |
211 days to 270 days | 5.00% | 5.05% |
271 days to 1 year | 5.50% | 5.55% |
More than 1 year to 2 years | 5.25% | 5.30% |
More than 2 years to 3 years | 5.25% | 5.30% |
More than 3 years to 5 years | 4.75% | 4.80% |
Above 5 years | 4.75% | - |
Note: The interest rates are effective from 21 August 2026.
Eligibility to Open a UCO Bank Fixed Deposit Account
- Individuals who are Indian Citizens
- Members of the Hindu Undivided Family (HUF)
Non-Resident Indians can also open a UCO Bank Fixed Deposit through an NRO Term Deposit account, which is eligible for the same domestic term deposit interest rates.
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
Summary
UCO Bank Fixed Deposit schemes give you a secure, fixed return over tenures ranging from 7 days to more than 10 years, with dedicated options such as the Kuber Yojana, Monthly Income Deposit, Tax Saver and Flexible FD schemes. Indian citizens, HUFs and NRIs can open an account with minimal documentation and benefit from nomination, transfer and, on select schemes, loan or overdraft facilities. Compare the current interest rates above and choose the UCO Bank FD scheme that best matches your savings goal and tenure.
FAQs on UCO Bank FD Schemes
1.What is a UCO Bank Fixed Deposit?
A UCO Bank Fixed Deposit is a term deposit account that pays a fixed rate of interest on a lump sum you deposit for a chosen tenure. UCO Bank offers several FD schemes suited to different savings needs and holding periods.
2.What types of UCO Bank Fixed Deposit schemes are available?
UCO Bank offers the Kuber Yojana scheme, the UCO Monthly Income Deposit scheme, the UCO Tax Saver Fixed Deposit scheme-2006, the Flexible FD scheme and the UCO Green Deposit scheme. Each scheme differs in tenure, deposit limits and interest payout style.
3.What is the UCO Bank Kuber Yojana scheme?
The UCO Bank Kuber Yojana scheme is a cumulative fixed deposit where interest is compounded on quarterly rests and paid out at maturity. It has a maturity period ranging from 6 months to 10 years.
4.How does the UCO Monthly Income Deposit scheme work?
The UCO Monthly Income Deposit scheme pays out interest on the first day of every month instead of at maturity, over a fixed 5-year tenure. It also offers a loan and overdraft facility against the deposit.
5.What is the UCO Tax Saver Fixed Deposit scheme-2006?
The UCO Tax Saver Fixed Deposit scheme-2006 is a 5-year fixed deposit that qualifies for a tax deduction under Section 80C of the Income Tax Act, 1961. It does not allow premature withdrawal or a loan against the deposit.
6.What is the UCO Bank Flexible FD scheme?
The UCO Bank Flexible FD scheme is a reinvestment plan that lets you make partial withdrawals from your fixed deposit in units of Rs.5,000. The remaining balance continues to earn interest after each withdrawal.
7.Who is eligible to open a UCO Bank Fixed Deposit account?
Resident individual Indian citizens and Hindu Undivided Families can open a UCO Bank Fixed Deposit account. Non-Resident Indians can also invest through a UCO Bank NRO Term Deposit account.
8.What documents are required to open a UCO Bank Fixed Deposit account?
You need KYC documents such as identity and address proof, income proof, passport-size photographs and a completed UCO Bank application form. Requirements may vary slightly by scheme and branch.
9.Can I withdraw my UCO Bank Fixed Deposit before maturity?
Premature withdrawal is allowed on some UCO Bank FD schemes, such as the Monthly Income Deposit and Flexible FD schemes, but not on the Tax Saver Fixed Deposit scheme-2006. A penal interest rate applies wherever premature withdrawal is permitted, as set out in the scheme terms.
10.Is tax deducted at source (TDS) on UCO Bank Fixed Deposit interest?
Yes, interest earned on most UCO Bank Fixed Deposit schemes is subject to Tax Deducted at Source under the Income Tax Act, 1961. The Tax Saver Fixed Deposit scheme-2006 itself qualifies for a Section 80C deduction on the deposit amount, but its interest income remains taxable.
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