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UCO Bank FD Interest Rates
UCO Bank FD offers FD rates ranging from 2.90% to 6.60% p.a. for the general public and 3.15% to 7.10% p.a. for senior citizens, with tenures ranging from 7 days to 10 years. The UCO Bank Tax Saver FD rates are 6.00% to 6.20% p.a. for general and 6.50% to 7.00% p.a. for senior citizens.
Guaranteed Returns
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
7.4%*
(Tax-Free)
Guaranteed Plan
(By Insurance companies)4.6%*
(After Tax)
Fixed Deposit
(Offered by Banks)4.0%*
Savings Account
(Post Office)Get Guaranteed returns up to 7.4%*
Fully Tax-Free, Life Cover Included
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FD Interest Rates
- UCO Bank FD Rates
Understanding UCO Bank Fixed Deposits
A UCO Bank Fixed Deposit lets you grow your savings by investing a fixed amount for a chosen period and earning guaranteed returns. The minimum deposit starts at just Rs 1,000, with flexible interest payout options including cumulative, monthly, and quarterly. The highest rate is offered on the UCO 535 days FD at 6.60% p.a. Other popular FD products include regular term deposits, UCO 444 days FD, UCO Green Deposit, and Kuber Yojana.
For Non-Resident Indians looking to invest in Indian currency and earn competitive UCO Bank NRE FD Rates are worthwhile, as NRE accounts also offer additional tax benefits.
UCO Bank Fixed Deposit: Key Highlights
| Tenure | 7 days to 10 years |
| Minimum Deposit Amount | Rs 100 |
| Maximum Deposit Amount | No Limit |
| Loan Against FD | Available |
| Nomination Facility | Available |
| Loan Facility | Up to 90% of the loan amount |
| Interest Rate Compounding | Quarterly |
UCO Bank FD Interest Rates 2026
Below are the latest UCO Bank fixed deposit interest rate tables for amounts below 3 crore and above 3 crore, effective from 1st April 2026:
Revised rates below ₹ 3 Crore
| Tenure | General Citizens Rate (p.a.) | Senior Citizen Rates (p.a.) |
| 7-14 days | 2.90% | 3.15% |
| 15-29 days | 2.90% | 3.15% |
| 30-45 days | 3.00% | 3.25% |
| 46-60 days | 3.50% | 3.75% |
| 61-90 days | 3.50% | 3.75% |
| 91-120 days | 4.25% | 4.50% |
| 121-150 days | 4.25% | 4.50% |
| 151-180 days | 4.75% | 5.00% |
| 181-332 days | 5.00% | 5.25% |
| 333 days | 6.30% | 6.55% |
| 1 year | 6.10% | 6.60% |
| Above 1Yr – 443 days | 6.10% | 6.60% |
| 444 Days | 6.45% | 6.95% |
| 445 days up to 534 days | 6.10% | 6.60% |
| 535 days | 6.60% | 7.10% |
| 536 days to 2 years | 6.10% | 6.60% |
| Above 2 years - 999 days | 6.00% | 6.50% |
| 1000 days (Green Deposit) | 6.20% | 6.70% |
| 1001 days to 3 years | 6.00% | 6.50% |
| Above 3 years - 5 years | 6.00% | 6.50% |
| Above 5 years - 1999 days | 6.00% | 6.50% |
| 2000 days (Green Deposit) | 6.20% | 6.70% |
| 2001 days to 2999 days | 6.00% | 6.50% |
| 3000 days (Green Deposit) | 6.20% | 6.70% |
| Above 3000 days | 6.00% | 6.50% |
*UCO Bank FD interest rates w.e.f. April 01, 2026
Revised rates above ₹ 3 Crore to 10 Crore
| Tenure | Single Term Deposit (p.a.) | Single Non-Callable Bulk Deposit (p.a.) |
| 7 – 14 Days | 4% | 4% |
| 15 – 30 Days | 4% | 4% |
| 31 – 45 Days | 4.25% | 4.25% |
| 46 – 90 Days | 4.5% | 4.5% |
| 91 – 180 Days | 4.75% | 4.75% |
| 181 – 210 Days | 5% | 5% |
| 211 Days to 270 Days | 5% | 5% |
| 271 Days to 1 Year | 5.5% | 5.5% |
| > 1 Year to 2 Years | 5.25% | 5.25% |
| > 2 Years to 3 Years | 5.25% | 5.25% |
| > 3 Years to 5 Years | 4.75% | 4.75% |
| Above 5 Years | 4.75% | 4.75% |
Note: UCO Bank FD interest rates w.e.f. July 18, 2026. The above interest rates apply to general citizens and to deposit amounts of ₹3 crore to ₹10 crore.
Types of UCO Bank FD Schemes
UCO 535 Fixed Deposit Scheme:
UCO 535 is a special fixed deposit scheme for domestic deposits below ₹3 crore, with a tenure of 535 days. There is also a separate NRE/NRO 535 scheme for NRI customers at the same rate.
- Tenure: 535 Days
- Validity of Scheme: Till 31st March 2027
- Minimum Deposit Amount: Rs 10,000
- Maximum Deposit Amount: Less than Rs. 3 Crore
- Loan or OD Facility: Available
UCO 444 Days Fixed Deposit Scheme
A special fixed deposit for particular days, applicable to domestic retail term deposits below Rs 3 crore, including NRE/NRO, with interest rates of 6.45% p.a. for general citizens and 6.95% p.a. for Senior Citizens.
- Tenure - 444 days
- Minimum Deposit Amount - Rs 10,000
- Maximum Deposit Amount - Less than Rs. 3 crore
- Interest Payout Options - monthly, quarterly, or at maturity
- Senior Citizens Benefits - an additional 0.50% p.a.
UCO Monthly Income Scheme
A five-year fixed deposit designed to provide a regular monthly income.
- Tenure - 5-year plan
- Minimum Deposit Scheme - Rs 50,000
- Loan Facility - Yes, available
- Nomination Facility - Yes allowed
UCO Green Deposits
A fixed deposit designed to fund environmentally friendly projects.
- Additional Benefit - 0.10% less than applicable card rates
- Tenure - 12 months, 1000 days, or 2000 days
- Interest Payout Options - Monthly and Quarterly
- Nomination Facility - Allowed
- Premature Withdrawal - Permitted
UCO Flexible Fixed Deposit Scheme
It is a reinvestment plan that allows you to withdraw a portion of your deposit before maturity.
- Premature Withdrawal - Allowed in multiples of Rs 5,000
- Auto-Renewal - Yes, available
- Investment Option - Flexible
- Process - Easy online process
UCO Tax Saver Deposit Scheme – 2006
It is a term deposit scheme for a 5-year fixed deposit that helps you save on taxes.
- TDS - Deductible up to ₹1.5 lakhs under Section 80C
- Minimum deposit - ₹100
- Nomination facility - Available
- Transferability or Loans - The deposit is not transferable or eligible for loans.
Key Benefits of UCO Bank Fixed Deposits
UCO Bank offers multiple FD schemes, each with its own features. Here are the common benefits across most fixed deposit options:
- Higher Interest for Senior Citizens: Senior citizens depositing with UCO Bank receive additional interest benefits,0.25% extra for tenures up to 1 year and 0.50% extra for tenures exceeding 1 year, across all eligible FD schemes.
- Premature Withdrawal Facility: UCO Bank allows early withdrawal of fixed deposits before maturity. However, a penalty is applicable under the bank's predefined rate policy.
- Loan Against FD: UCO Bank loan against FD or an overdraft facility of up to 90% of the fixed deposit amount, allowing customers to meet emergency financial needs without breaking their FD. The bank will charge the applicable interest or fees.
- Different FD Options: UCO Bank offers various fixed deposit options, including the UCO Tax Saver Deposit Scheme and the Flexible Fixed Deposit Scheme, each designed for different financial objectives.
- Auto Sweep Facility: UCO Bank provides sweep- in FD and sweep-out FD facilities for select savings accounts. This feature helps you earn better interest on surplus funds while maintaining liquidity.
- Nomination Facility: Under this scheme, the nomination facility is available, where you can add the details of the nominee of your choice in the FD.
How to Open a UCO Bank FD
You can open a UCO Bank FD through two convenient methods, online and offline. Below are the steps mentioned -
Online FD Account Opening
If you are an existing customer, you can easily open a UCO Bank FD online through the UCO mBanking Plus app or UCO Bank's NetBanking portal.
- Log in to the App/NetBanking: Open the UCO mBanking Plus app or log in to the NetBanking portal.
- Navigate to Deposits: Go to the 'Online Deposit' or 'Fixed Deposits' section.
- Fill in Details: Enter the deposit amount and choose your preferred tenure.
- Select Scheme & Payout: Select your desired FD scheme and choose a payout option.
- Review and Confirm: Review all the details, accept the terms and conditions, and submit your request.
- Get Confirmation: Your FD will be booked instantly, and you can download the FD receipt.
Offline FD Account Opening
For those who prefer a traditional banking experience, you can open a UCO Bank FD by visiting your nearest branch.
- Visit a UCO Bank Branch: Go to any UCO branch with the necessary documents.
- Fill the FD Form: Request and fill out the fixed deposit application form provided at the branch.
- Submit Documents: If you are a new customer, submit the required KYC documents, such as your PAN and Aadhaar card.
- Deposit the Amount: Make the FD deposit using cash or a cheque.
- Choose Tenure & Payout: Specify your desired tenure and select your interest payout frequency.
- Receive the Receipt: The bank will process your request and issue a Fixed Deposit Receipt.
Eligibility
Individuals who fulfil the following criteria are eligible to invest in UCO Bank FD schemes:
- Indian Citizen
- Member of HUF
- Companies, trusts, and societies
Key Takeaways
UCO Bank Fixed Deposits offer competitive returns on various tenures, making it easy to plan your savings, whether short-term or long-term. Key features include online and offline booking, loan against deposit, nomination facility, and additional interest for senior citizens. Beyond normal options, they also offer special UCO FD schemes, such as the 333-day, 444-day, and 535-day plans, etc, which offer higher interest rates on specified tenures. Before investing, it is advisable to compare UCO Bank FD rates with the best FD interest rates offered by banks and other financial institutions to make a well-informed decision.
FAQs
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What are the latest UCO Bank FD interest rates?
The latest UCO Bank FD rates range from 2.90% to 6.60% p.a. for the general citizens and 3.15% to 7.10% p.a. for the senior citizens, effective from April 01, 2026. -
What is the penalty for premature withdrawal of a UCO Bank FD?
If you close your UCO Bank FD before its maturity date, a 1% penalty will be deducted from the interest earned. The bank will recalculate your final interest rate by taking the lower of either the original contracted rate or the rate applicable for the actual period the money stayed in the account. -
Can I withdraw a UCO Bank Tax Saver FD before maturity?
No, the UCO Tax Saver Deposit has a 5-year lock-in period. Premature withdrawal is allowed only if the depositor dies, and only by the nominee. -
Are there any benefits for senior citizens applying for the UCO Bank FD?
Yes, a 0.5% additional benefit is available for senior citizens with tenure of 1 year or more, and 0.25% for tenure up to 1 year, for UCO Bank FDs.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
* The Guaranteed Returns are dependent on the policy term and premium term availed, along with the other variable factors. The 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and premium term of 10 years with a Rs . 20,000 monthly instalment premium. The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year, and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
** The Life Cover amount varies as per plan specifications. Please read the policy document for details.
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ