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UCO Bank
upto
p.a.
Interest Rate (p. a.)
2.9% — 7.55%
Minimum Deposit
₹1,000
Maximum Deposit
₹5Cr
Lock-in Period
7 Days
Tenure
7 Days - 10 Years
Senior Citizens Interest Rate
Extra 0.50%
₹5,00,000.00
You'll gain ₹0.00 at an interest rate of % p.a. (compounded quarterly).
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UCO Bank Interest Rates (FD) Rates 2025
Explore competitive Fixed Deposit rates for both regular customers and senior citizens.
Disclaimer: Interest rates as of Mar 26, 2025.
About UCO Bank
UCO Bank, founded in 1943, is a public-sector banking entity headquartered in Kolkata. The bank offers a comprehensive portfolio of products to help customers meet their banking needs. While the bank serves customers' savings needs with products such as savings bank accounts and fixed deposits, it also offers attractive personal loans, home loans, car loans, and other lending products. With over 3,000 branches and 2,500 ATMs, UCO Bank (previously known as United Commercial Bank) has a strong presence across India.
UCO Bank FD Features and Benefits
The minimum deposit amount required is INR 1,000.
There's no limit on the maximum deposit amount.
The maximum period allowed in the bank's term deposit is 10 years.
Both monthly income and interest reinvestment plans are available.
Additional interest rates for senior citizens.
Penalty on Premature Withdrawal
UCO Bank allows you to withdraw funds even before the maturity period. This is called premature withdrawal, which attracts an interest penalty by the bank. Here's how UCO Bank charges an interest penalty.
Fixed Deposit Amount | Penalty Charges |
Less Than INR 15 Lakh | 1% Less Than the Applicable Rate for Which the Deposit is Held with UCO Bank or Present Rate, whichever is Lower. |
INR 15 Lakh-Less Than 1 Crore | 1% Less Than the Applicable Rate for Which the Deposit is Held with UCO Bank or Present Rate, whichever is Lower. |
INR 1 Crore and Above | 2% Less Than the Applicable Rate for Which the Deposit is Held with UCO Bank or the Contractual Interest Rate, whichever is Lower, as on the Date of Premature Withdrawal. |
UCO Bank FD Rates vs Other Bank FD Rates
Bank Name | FD Interest Rates (In p.a.) |
North East Small Finance Bank | 4.75%-9.00% |
Shivalik Small Finance Bank | 6.00%-8.55% |
Suryoday Small Finance Bank | 8.05%-8.60% |
Utkarsh Small Finance Bank | 8.00%-8.50% |
Federal Bank | 3.00%-7.50% |
South Indian Bank | 6.70%-7.40% |
State Bank of India (SBI) | 3.50%-7.25% |
ICICI Bank | 3.00%-7.40% |
UCO Bank | 2.90%-7.30% |
Yes Bank | 3.25%-8.50% |
Axis Bank | 3.00%-7.51% |
IndusInd Bank | 3.50%-7.99% |
HSBC Bank | 2.85%-7.50% |
Punjab National Bank (PNB) | 3.50%-7.25% |
Bank of Baroda (BoB) | 4.25%-7.88% |
Different Types of UCO Bank FD Schemes
UCO 333 Fixed Deposit Scheme
The minimum amount required to open this deposit account is INR 10,000.
The maximum amount allowed in this fixed deposit account is below INR 3 crore.
Both monthly and quarterly income schemes are available.
A loan/overdraft facility is available.
A nomination facility is available.
It's a limited offer plan, valid till March 31, 2025.
Kuber Yojana
You need to deposit a minimum of INR 1,000.
The minimum period for this domestic term deposit account is six months.
The maximum period for which you can stay invested is 10 years.
The interest is compounded quarterly in the Kuber Yojana scheme.
UCO Monthly Income Scheme
The minimum amount needed to open this fixed deposit account is INR 50,000 and in multiples of INR 10,000 thereafter.
You can invest a maximum of INR 1 crore in this scheme.
This term deposit account is for five years.
The interest is credited to your savings account every month.
Enjoy loan/overdraft facility against this FD account.
Avail of the nomination facility.
UCO Tax Saver Deposit Scheme 2006
Get tax deductions of up to INR 1.5 lakh in a financial year as per Section 80C of the Income Tax Act, 1961.
The minimum deposit required is INR 100 in a financial year.
The maximum amount you can invest is INR 1.5 lakh in a financial year.
A lock-in period of five years applies to this tax saving deposit account.
The rate of interest is 5% per annum for general citizens and 5.50% for senior citizens, staff, ex-staff and senior citizen ex-staff.
A nomination facility is available in a tax saving FD.
UCO Green Deposits
It's a deposit account for a registered entity whose investments are earmarked for financing green projects.
The minimum deposit required to open this FD is INR 10,000.
There's no maximum investment limit.
Deposit periods are - 12 Months, 1000 Days and 2000 Days.
Choose from the Monthly/Quarterly Income Scheme.
No loan/overdraft facility is available.
No auto-renewal option is available.
Flexible Fixed Deposit Scheme
It's a reinvestment plan wherein you can prematurely withdraw a part of the investment without affecting the remaining portion that continues to earn you at a contractual interest rate.
You can withdraw in multiples of INR 5,000.
Term-wise UCO Bank Fixed Deposit Rates
Short-term Interest Rates
UCO Bank offers an interest rate of 2.90%-6.75% per annum for up to a year.
Medium-term Interest Rates
For a period above a year to up to five years, the interest rate applicable is 6.00%-7.55% per annum.
Long-term Interest Rates
Deposits held for a period above five years will lead to an interest rate of 5.50%-6.60% per annum.
How to Invest in UCO Bank FD?
To invest in UCO Bank FD, you can use any of the following channels.
Internet Banking
Log in to net banking using your credentials.
Go to the 'Fixed Deposit' page.
Choose the investment amount and tenure you would want.
Select the maturity instruction - Renew Principal and Interest, Renew Only Interest, Renew Only Principal, or Do Not Renew Principal and Interest.
Confirm the details before proceeding to the payment page.
Pay the amount to book your UCO Bank FD.
Mobile Banking
Download the mBanking Plus app online.
Visit the 'Fixed Deposit' page.
Enter the investment amount and tenure at their respective places.
Choose the maturity instruction - Renew Principal and Interest, Renew Only Interest, Renew Only Principal or Do Not Renew Principal and Interest.
Check the details carefully before confirming and proceeding to the payment page.
Pay the required sum to book your fixed deposit with UCO Bank.
Offline Method
Visit the nearest UCO Bank branch.
Request the concerned UCO Bank official to hand you a fixed deposit application form.
Fill in the details in the form, such as your name, address, investment amount, tenure, nominee details, maturity instructions, etc.
Submit the duly filled and signed form along with a fixed deposit cheque to the official.
After a successful verification and cheque realisation, your FD account will be opened.
Documents Required to Open a UCO Bank FD Account
Identity Proof - PAN Card/Aadhaar Card/Passport/Voter ID/Driving Licence/Birth Certificate
Address Proof - Aadhaar Card/Passport/Voter ID/Driving Licence/Electricity Bill/Mobile Bill
Recent Passport Size Photograph
Note - Booking a Fixed Deposit worth INR 50,000 or above will mandatorily require submitting the PAN Card.
UCO Bank Fixed Deposit Sweep-in
UCO Bank offers a fixed deposit sweep-in facility through the Suvidha Salary Account Scheme. The salary account is further divided into Classic, Silver, Gold and Platinum variants. The minimum account balance needed is INR 25,000 for Classic and Silver variants and INR 50,000 for Gold and Platinum variants. The balance exceeding the threshold will be swept into a fixed deposit in tranches of INR 10,000 for a maximum of 180 days. It helps you earn at a higher rate of interest compared to when all your money is in a savings account alone.
The bank stipulates the minimum gross monthly salary to open each of the Classic, Silver, Gold and Platinum variants.
UCO Suvidha Salary Account Variants | Minimum Gross Monthly Salary Required (in INR) |
Classic | 15,000-25,000 |
Silver | 25,000-50,000 |
Gold | 50,000-1,00,000 |
Platinum | Above 1,00,000 |
Eligibility to Open a UCO Bank FD Account
Any of the following are eligible to open an FD account with UCO Bank.
Resident Indians
Non-resident Indians
Hindu Undivided Families (HUFs)
Proprietorship Firms
Partnership Firms
Trusts or Associations
Tax on UCO Bank Fixed Deposit
UCO Tax Saver Deposit Scheme 2006 is a tax saving product that helps you gain deductions of up to INR 1.5 lakh in a financial year according to Section 80C of the Income Tax Act. In case you also invest in other products that gain tax deductions under 80C, the deduction from a tax saving FD will accordingly be adjusted. For example, you invest in two 80C products - INR 1,30,000 in a UCO Bank tax saver FD and INR 80,000 in life insurance premiums, in a financial year. In this case, the total deduction will be adjusted to INR 1,50,000 and not INR 2,10,000 (1,30,000 +80,000).
This UCO Bank tax saver product allows investments of up to INR 1.5 lakh in a financial year and has a lock-in period of five years.
Loan Against UCO Bank FD
You can take a loan against the UCO 333 Fixed Deposit Scheme and UCO 400 Days Fixed Deposit Scheme. The loan amount and interest rate will depend on the bank's norms regarding this credit type. Also, a loan against a fixed deposit can be in the name of minors provided the said facility is for their benefit. This has to be validated by the depositor or guardian.
Other Bank Rates 2025
The race for higher interest rates on FDs is getting intense among the banks shown in the table below.
Suryoday SF Bank Interest Rates
Utkarsh Bank Interest Rates
Shivalik Bank Interest Rates
North East SF Bank Interest Rates
AU Small Finance Bank Interest Rates
IDFC First Bank Interest Rates
IndusInd Bank Interest Rates
Yes Bank Interest Rates
HSBC Bank Interest Rates
Federal Bank Interest Rates
South Indian Bank Interest Rates
Canara Bank Interest Rates
Kotak Mahindra Bank Interest Rates
ICICI Bank Interest Rates
HDFC Bank Interest Rates
Punjab National Bank Interest Rates
DBS Bank Interest Rates
Bank of Baroda Interest Rates
Axis Bank Interest Rates
IDBI Bank Interest Rates
Central Bank of India Interest Rates
State Bank of India Interest Rates
Bank of India Interest Rates
Barclays Bank Interest Rates
Frequently Asked Questions
1. Is it Safe to do FD in UCO Bank?
UCO Bank fixed deposits are insured for up to INR 5 lakh by the Deposit Insurance and Credit Guarantee Corporation of India (DICGC). The INR 5 lakh is inclusive of principal and interest.
2. What is the Current FD rate of UCO Bank?
The current interest rate of UCO Bank stands at 2.90%-7.55% per annum.
3. Is UCO Bank FD Good?
UCO Bank fixed deposit offers attractive interest rates, loan/overdraft facility, premature withdrawal option, loan/overdraft, etc. However, it is advised to compare the FDs of different banks on BharatFD, a marketplace to compare and book high-yield fixed deposits.
4. What is the Charge of FD Closure in UCO Bank?
UCO Bank charges an interest penalty of 1%-2% on premature FD closure. Premature withdrawal of amounts up to INR 1 crore will see an interest penalty of 1% on the lower of the rate applicable for the time the deposit was with UCO Bank or the contractual rate. Amounts exceeding INR 1 crore will have a penalty of 2% on the lower of the rate applicable for the time the deposit was with UCO Bank or the contractual rate.
5. What is UCO Bank's monthly income scheme interest rate?
The bank's monthly income scheme interest rate is 2.90%-7.55% per annum.
6. What is Sweep-in FD in UCO Bank?
UCO Bank offers sweep-in FD by which account balances exceeding INR 25,000 (Classic and Silver Variants of Suvidha Salary Account Scheme) and INR 50,000 (Gold and Platinum Variants of Suvidha Salary Account Scheme) are swept into a fixed deposit in tranches of INR 10,000 for up to 180 days.
7. Can we break FD before maturity in UCO Bank?
Yes, we can break an FD before maturity in UCO Bank, except for a tax-saver fixed deposit.
8. How to open FD in UCO Bank?
You can open a UCO Bank FD using any of the net banking, mobile banking or an offline method.
9. How to break FD in UCO Bank?
You can liquidate your FD account online via net banking or mobile banking. You can even visit the nearest UCO Bank branch, fill in the premature withdrawal form, and liquidate your FD account.
