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UCO Bank FD Rates

UCO Bank, known as United Commercial Bank, is one of the largest government-owned commercial banks of India. Established in 1943, UCO Bank has more than 3000 service units across India. The bank also has a service unit in Hong Kong and Singapore.

UCO Bank offers a wide variety of fixed deposit schemes for every individual. There are two types of deposits offered by UCO Bank, i.e. Fixed Deposits and Recurring Deposits. Let us look at the various Fixed Deposit schemes offered by UCO Bank. Note: All information has been sourced from the official website of UCO Bank.

UCO Bank FD Rates 2019

For Domestic Deposits

Rate(s) of interest on Domestic Term Deposits, stands revised with effect from 11.03.2019.

Click here to know about Domestic Term Deposit rates for less than Rs. 2 Crore

Term Deposits Of Rs. 2.00 Crore and above - upto & including Rs. 5.00 Crore

Click here to know about Term Deposits Of Rs. 2.00 Crore and above

Bulk Term Deposits above Rs. 5.00 Crores - Rates Effective from 05-04-2019

Click here to know about Bulk Term Deposits above Rs. 5.00 Crores

UCO Bank Tax Saver FD

UCO Tax Saver Deposit Scheme 2006 - This is a tax saving term deposit scheme offered by UCO Bank. It comes with a mandatory lock-in period of 5 years. Deposit under this scheme is eligible for tax deduction under Section 80C of the Income Tax Act upto a maximum limit of Rs.1.5 lakh. The minimum amount of deposit is Rs. 100 while the maximum amount is Rs. 1.5 lakh in one year.

Who can open this account?

The following can open an account in UCO Bank-

  1. Individual for himself
  2. Hindu Undivided Family
  3. Jointly by two adults or jointly by an adult and a minor

Features of UCO Bank FD Account

The features of UCO Bank FD Account are:

  1. The FD account can be opened on behalf of a minor.
  2. The FD account can be opened by Joint Stock Companies, Executors & Administrators in their names, Clubs, Societies, Associations, Educational Institutions, and Trusts, Sole Proprietorship or Partnership Firms.
  3. An individual can open more than one FD account.
  4. High rate of interest.
  5. User friendly internet banking.
  6. The FD account can be opened for a minimum period of 7 days and maximum period of 10 years.
  7. The minimum amount required to open a Fixed Deposit is Rs.1000/-.
  8. Option to renew the FD term before maturity is available.
  9. Nomination facility is available.

Eligibility Criteria for UCO Bank FD Account

The eligibility criteria for UCO Bank FD Account is:

  1. Any existing/new customer with valid KYC, PAN card and two passport size photographs.

FAQs on UCO Bank FD Rates

Can I make alterations to the tenure of my ongoing UCO Bank Fixed Deposit?

No, you will have close your existing FD and open a new one.

How to open an UCO Bank Fixed Deposit account without a PAN card?

You cannot open a UCO Bank FD account without a PAN card.

What is the highest interest rate offered by UCO Bank Fixed Deposit?

The highest interest rate offered by UCO Bank Fixed Deposit is 6.60%.

What are the FD tenure options with UCO Bank Fixed Deposit?

The tenure ranges from 7 days to 10 years.

What is the minimum amount required to start a UCO Bank Fixed Deposit Account?

The minimum amount required to start a UCO Bank Fixed Deposit Account is Rs. 1000.

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