UCO Bank has introduced a new fixed deposit scheme where the interest rate offered is 30 basis points (bp) higher than present interest rate offered by the lender for a period of 999 days which is 5.30%. However, you can be eligible for this scheme only if you have been Covid-19 vaccinated. The minimum amount that you can deposit is Rs.5,000.
|Minimum deposit amount||Rs.5,000|
|Validity of the scheme||30 September 2021. However, the bank has the right to withdraw the scheme anytime.|
You can visit the nearest branch of UCO Bank along with all the relevant documents and application form to apply for this FD scheme. You must note that you will have to submit the proof of you getting Covid-19 vaccinated. A representative from the bank will help you with the application process.
Yes, senior citizens and Ex-staff members can apply for this fixed deposit scheme provided they have been vaccinated for Covid-19. Current staff members can also avail this FD scheme.
An interest of 5.80% will be offered for senior citizens, 6.30% for current members of staff, and 6.55% for Ex-staff members.
Yes, you can apply for the COVAXI-999 Fixed Deposit Scheme if you have got the first dose of vaccination.
In the event of your death, the nominee can claim the deposit amount as per the existing rules.
You will have to submit the relevant KYC documents and a proof of you having been Covid-19 vaccinated to avail this FD scheme.
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