Whoever said wishes don’t come true hasn’t explored our offers!

UCO Bank Recurring Deposit Interest Rates 2019

 5.0 / 5.0   by 4 users
Used this product? Write a review >>

Fees & Charges

Promised Interest Rate

Customer Service


UCO Bank offers recurring deposit under the ‘UCO Sowbhagya RD Scheme'. You can get an interest of 6.60% on the deposited amount. Senior citizens get 0.50% additional interest rate on the recurring deposit. 

UCO Bank Recurring Deposit Interest Rate 

The interest rates are for recurring deposits for less than Rs.2 crore 

Tenure Interest Rate p.a. (General Public Interest Rate p.a. (Senior Citizens)
1 year  6.60%  6.85 
More than 1 year up to 2 years  6.50%  7.00% 
More than 2 years up to 3 years  6.50%  7.00% 
More than 3 years up to 5 years  6.50%  7.00% 
5 years  6.50%  7.00% 

The interest rates are for recurring deposits for Rs.2 crore and above 

Tenure Interest Rate p.a.
1 year  4.75% 
More than 1 year up to 2 years  4.75% 
More than 2 years up to 3 years  4.75% 
More than 3 years up to 5 years  4.75% 
5 years  4.75% 

Key Highlights 

Minimum Amount Deposit  Min: Rs. 100 per month (for any higher amount, deposit in multiples of Rs.100) 
Tenure  Min: 1 year Max: 5 years 
Eligibility  Individuals (single or jointly), Minors, trust, firms, societies, partnership, educational institutions, etc. 
Loan Availability  Up to 90% on the principal. Interest charged by the Bank will be 2% above the deposit rates 

Benefits of UCO Bank Recurring Deposits  

  • Attractive interest rates of up to 6.60% p.a.?
  • Additional rates for senior citizens  
  • Minors below 10 years of age can apply jointly with their guardians  
  • Loan against deposit facility available 

How to Open an RD Account in UCO Bank 

 You can open a recurring deposit account with UCO Bank in two ways:   

  •  By visiting the branch  
  •  Through net banking 

If you are an existing UCO Bank account holder, use your net banking username and password to log in to your online account and open an e-RD right away. If you are not an UCO account holder, you will have to open an account first. After your account is active, you can log in to net banking and open an e-RD. 

You can invest your money in RD by UCO Bank and enjoy competitive rates. However, to enjoy better returns, look for other investment vehicles like mutual funds, fixed deposits, stocks, and bonds, among others. 


  1. What should be the minimum age of the account holder?
  2. The account holder should be a resident Indian above 18 years. For a minor, he/she should have attained more than 10 years of age at the time of opening the account. 

  3. What’s the minimum deposit amount required?
  4. You need to deposit a minimum of Rs.100 to open the account and thereafter in multiples of Rs.100. 

  5. What’s the RD tenure for this scheme?
  6. The tenure ranges from 1 year to 5 years. 

  7. What’s the interest rate charged for loans against RD?
  8. The applicable interest rate for loans against RD is 2% above the deposit rates. 

Know how to Link Your KYC Dcuments to UCO Bank Account

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

UCO Bank RD Rates Reviews

Page 1 of 1
  • UCO Recurring Deposit
    "The best rate for RD"
    0.5 5.0/5 "Blown Away!"
    UCO bank is providing the best rate for RD too. I am holding this RD for the past one year. The most interesting part about this RD is the interest rate as they had offered around 8.75% it the same as RD. Their online banking too is available with UCO Bank.
    Was this review helpful? 19
    , indore
    Reviewed on Dec 03, 2016
  • UCO
    UCO Recurring Deposit
    "Simply amazing."
    0.5 4.5/5 "Excellent!"
    I have opened an Recurring Deposit A/c with UCO bank and get a fantastic return. The Form and procedure prescribed by the bank is too simple and good. it's providing a good interest rate on RD A/c and a safe investment. There is no penalty charge when we go for withdraw in middle of tenure so it's totally a good deal.
    Was this review helpful? 11
    , ahmedabad
    Reviewed on Jul 11, 2015
  • UCO Recurring Deposit
    0.5 5.0/5 "Blown Away!"
    Being nationalized sector, UCO bank is offering 9% of interest rate and there is no penalty charge when we go for withdraw in middle of tenure. I just visited the branch to open the recurring deposit and the officers are very proactive and they took ownership to complete the deal.
    Was this review helpful? 5
    , lucknow
    Reviewed on Mar 12, 2015
  • UCO Recurring Deposit
    "Needs to be improved"
    0.5 4.0/5 "Great!"
    I do have one recurring deposit from UCO bank whereas they need to improve on their customers service. Thats not operated so far except the initial days . Interest rates and schemes are really nice. They need to change the operations in branches as such they are having queue system .We cant expect them to be perfect since it was nationalized bank.
    Was this review helpful? 3
    , bangalore
    Reviewed on Oct 02, 2014
Common Loader Icon
Page 1 of 1
This Page is BLOCKED as it is using Iframes.