Flexi Fixed Deposit UCO Bank

Explore Guaranteed Return Plans

Guaranteed return plans provide assured returns and the security of a life cover. These plans are an excellent option for risk-averse investors, as they are not affected by market fluctuations.

What is a UCO Bank Flexi Deposit?

UCO Bank Flexi Fixed Deposit links a savings or salary account to fixed deposits. For Suvidha Salary Accounts (Classic/Silver variants), the sweep‑in triggers when the balance crosses ₹25,000, moving the surplus into Flexi Fixed Deposit in multiples of ₹10,000. Whereas, the UCO Business Current Account requires a minimum balance of ₹50,000 to avail the Auto Sweep Facility, with sweep-ins done in multiples of ₹25,000. 

UCO Bank Flexi Deposit Interest Rates 

The interest rates on Flexi Fixed Deposit UCO Bank align with the UCO Bank FD interest rates. The table below shows the Flexi Fixed Deposit interest rates:

For Deposits Less than ₹3 Crores

*UCO Bank FD interest rates w.e.f. June 23, 2025

To explore comparative options, check the FD interest rates in India.

Key Features of UCO Bank Flexi Fixed Deposit

The Flexi Deposit UCO Bank provides several benefits that make it a suitable choice for customers looking to earn better returns while maintaining access to their funds. Here are some of them include:

• Higher Interest Earnings: With a Flexi Fixed Deposit, surplus funds earn better returns than regular savings accounts, helping you grow your money more efficiently.
• No Fixed Upper Limit: You can deposit any surplus amount without a maximum cap, as long as your linked savings account meets the minimum balance condition.
• Short-Term Investment Tenure: The fixed deposits created through this facility typically have short durations and are automatically renewed, offering steady earnings with minimal effort.
• Easy Activation Process: You can activate the facility through internet banking, mobile banking, or by visiting a nearby branch. The setup is simple and requires minimal paperwork.

How to Open a UCO Bank Flexi Fixed Deposit?

You can open a Flexi Fixed Deposit at UCO Bank online or offline. Existing UCO Bank customers simply need to complete the flexi deposit booking process. New customers must first open a savings account and then link their flexi fixed deposit to that account. The following steps outline the process to initiate and manage the deposit efficiently.

1. Online FD Opening

   You can book a UCO Bank FD online. Just log in, fill out the form, and book the FD amount from your savings account.

   • NetBanking or Mobile App: Log in to UCO Bank NetBanking with your credentials or open the UCO mBanking app.
   • Go to ‘Fixed Deposit’: Navigate to the 'Deposits' section and select the 'UCO Flexi Deposit Scheme'.
   • Select FD Amount: Select your account and enter the amount, starting from ₹10,000.
   • Select FD Type: Choose the deposit option that links your savings or current account.
   • Maturity Instructions: Select options like auto-renewal, interest payout frequency, or payout at maturity.
   • Review & Confirm: Check all details, accept the terms & conditions, and submit.
   • FD Receipt: An e-receipt for your Fixed Deposit will be generated instantly.

2. Offline FD Opening

   If you find the offline process more convenient, just visit your nearest UCO Bank branch to book an FD.

   • Visit UCO Bank Branch: Visit a branch with your PAN/Aadhaar and a cheque or cash.
   • UCO Bank FD Form: Fill out the Term Deposit form at the UCO Bank branch.
   • Submit Documents: Submit the required KYC proofs if you are a new customer.
   • Fund Transfer/Deposit: Deposit the FD amount (minimum ₹10,000) digitally, through a cheque, or cash.
   • Tenure & Interest Options: Choose the tenure (12 months to 60 months) and interest payout frequency.
   • Get the FD Receipt: UCO Bank will issue a Term Deposit Receipt (TDR) as confirmation.

Difference Between Flexi Fixed Deposits and Regular Fixed Deposits

Here’s a quick comparison of the key features between UCO Bank’s Regular Fixed Deposits and Flexi Fixed Deposits:

Key Takeaways

UCO Bank Flexi Fixed Deposit suits customers who maintain balances above set thresholds and wish to invest securely. Salary account holders benefit the most, as surplus amounts beyond ₹25,000 (Classic/Silver) or ₹50,000 (Gold/Platinum) are swept into deposits in multiples of ₹10,000. Flexi deposits are a smart choice for those looking to grow their money while earning higher returns than a standard fixed deposit. This option helps avoid UCO Bank FD premature withdrawal penalties as well.