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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.
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
Click here to know about Term Deposits Of Rs. 2.00 Crore and above
Click here to know about Bulk Term Deposits above Rs. 5.00 Crores
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.
The following can open an account in UCO Bank-
The features of UCO Bank FD Account are:
The eligibility criteria for UCO Bank FD Account is:
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.