UCO Bank NRO Account Interest Rates
| Maturity Period |
Existing ROI for General Customer |
Revised ROI for General Customer |
| 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% |
4.25% |
| 121-150 days |
4.50% |
4.25% |
| 151-180 days |
5.00% |
4.75% |
| 181-332 days |
5.50% |
5.00% |
| 333 days |
6.85% |
6.30% |
| 334 – 364 days |
5.50% |
5.00% |
| 1 year |
6.50% |
6.25% |
| Above 1Yr – 443 days |
6.40% |
6.20% |
| 444 Days |
6.90% |
6.60% |
| 445 days up to 2 yrs |
6.40% |
6.20% |
| Above 2yrs – 3 yrs |
6.30% |
6.15% |
| Above 3yrs - 5yrs |
6.20% |
6.10% |
| Above 5 yrs |
6.10% |
6.00% |
Rates as of 26.06.2025
Note: 444 Day Special Scheme is also valid for NRE / NRO Term Deposit Scheme.
Features and Benefits of UCO Bank NRO Account
Below are the features and benefits of the NRO account of UCO Bank:
- Account Types: Savings Bank, Current, Recurring, and Fixed Deposit accounts can be opened as NRO accounts.
- Eligibility: Any person of Indian nationality residing outside India can open a UCO Bank NRO account. Existing resident accounts must be redesignated as an NRO account upon change in residential status.
- Interest Rates: UCO Bank offers competitive interest rates on NRO account deposits, similar to domestic deposit schemes. Interest income is taxable under Indian law.
- Joint Accounts: NRIs can open joint accounts with resident Indians (relatives) or other NRIs.
- Nomination Facility: Available for both residents and non-residents.
- Minimum Balance Requirement: Generally minimal, making it accessible and convenient.
- Repatriable Funds: Transferability/repatriability is allowed up to USD 1million or its equivalent per financial year, subject to payment of applicable taxes in India.
- Power of Attorney: Residents may be authorized to operate the account for local disbursements or payments.
- Multiple Deposit Channels: Accepts remittance in any convertible foreign currency, which is then credited in Indian Rupees.
- Flexible Tenures: Fixed deposits can be held from one year to five years or more, with automatic renewal options.
- Loans Against Deposits: Loans can be availed against NRO fixed deposits, usually up to 90% of the deposit value.
Conclusion
The UCO Bank NRO Account is an efficient and secure way for NRIs to manage their India-based income. With flexible account types, attractive interest rates, joint account and nomination facilities, it ensures both convenience and compliant management of NRI finances under Indian regulations. UCO Bank’s dedicated NRI support channels further simplify banking for those living abroad.
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