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UCO Bank FD Rates: Get Up To 7.30% Returns After Recent Revision - Check The Latest Update
Founded in 1943, United Commercial Bank, often known as UCO Bank, is a public sector bank in India with its main office located in Kolkata. The general public can now receive a maximum return of 7.30% as a result of the PSU Bank's modification to its interest rates on fixed deposits (FDs) of less than Rs 3 Cr on 19-02-2025. UCO Bank now offers interest rates between 2.90% and 6.10% for maturities ranging from seven days to more than five years.
UCO Bank FD Rates
The bank is now giving 2.90% interest on fixed deposits that mature in 7-29 days, while UCO Bank is presently offering 3.00% interest on those that mature in 30-45 days. The interest rate offered by UCO Bank is now 3.50% for deposits with a duration of 46-90 days and 4.50% for deposits with a duration of 91-150 days. Interest rates on UCO Bank FDs maturing in 151-180 days will now be 5.00%, while those due in 181-332 days will now be 5.50%.
On fixed deposits maturing in 333 days, the bank is now offering an interest rate of 7.30% and on those maturing in 334-364, UCO Bank is now offering an interest rate of 5.50%. UCO Bank is now offering an interest rate of 6.50% on a tenure of 1 year to 399 days and 7.05% on a 400-day tenure. UCO Bank FDs maturing in 401 days to 443 years will now fetch an interest rate of 6.50% and those maturing in 444 days will fetch 7.30% returns.
The bank will pay an interest rate of 6.50% for fixed deposits maturing in 445 days to 2 years, while UCO Bank will now give an interest rate of 6.30% on those maturing in more than 2 to 3 years. Now, UCO Bank will give an interest rate of 6.20% for tenures longer than three to five years and 6.10% for tenures more than five years.
| Maturity Period | ROI for General Customer Rate (%) | Yield in (%) |
|---|---|---|
| 7-14 days | 2.90% | 2.90% |
| 15-29 days | 2.90% | 2.90% |
| 30-45 days | 3.00% | 3.00% |
| 46-60 days | 3.50% | 3.50% |
| 61-90 days | 3.50% | 3.50% |
| 91-120 days | 4.50% | 4.50% |
| 121-150 days | 4.50% | 4.51% |
| 151-180 days | 5.00% | 5.02% |
| 181-332 days | 5.50% | 5.54% |
| 333 days | 7.30% | 7.48% |
| 334-364 | 5.50% | 5.60% |
| 1 year | 6.50% | 6.66% |
| Above 1 Yr-399 days | 6.50% | 6.66% |
| 400 days | 7.05% | 7.27% |
| 401 days to 443 yrs | 6.50% | 6.68% |
| 444 days | 7.30% | 7.57% |
| 445 days upto 2 yrs | 6.50% | 6.71% |
| Above 2 yrs - 3 yrs | 6.30% | 6.66% |
| Above 3 yrs - 5 yrs | 6.20% | 6.76% |
| Above 5 years | 6.10% | 7.07% |
| Rate(s) of Interest on Domestic Term Deposits less than Rs. 3 Crores (w.e.f 19-02-2025). Source: Bank Website |
UCO Bank Senior Citizens FD Rates
The following is the additional interest that is payable on deposits made by senior citizens, employees, and former employees over the "General Customer interest rate":
| Category | Tenor Up to One Year | Tenor above One Year |
|---|---|---|
| Staff | 1.00% | |
| Senior Citizen | 0.25% | 0.50% |
| Retired staff Senior Citizen | 1.25% | 1.50% |
"If the deposit has actually remained with the Bank for a period less than 6 months the interest thereon shall be paid at simple rate. If the fixed deposit has actually remained with the Bank for a minimum period of six months, then the interest on deposit will be compounded on quarterly rests. UCO Bank is adopting the method of reckoning the year at 366 days in a Leap year and 365 days in other years," mentioned UCO Bank on its website.
UCO Bank has resulted in 3263 domestic branches as of December 31, 2024, two international branches in Singapore and Hong Kong, and one representative office in Iran. 2010 (61%) of the bank's branches are located in rural and semi-urban regions. As of December 31, 2024, the bank has 16397 touch points, including 2478 ATMs and 10653 BC Points.
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