UCO Bank RD Interest Rates

What is UCO Bank Recurring Deposit?

A UCO Bank Recurring Deposit (RD) is a simple savings option where you deposit a fixed amount every month for a tenure of 1 to 10 years. You can start with a minimum amount of ₹100. Each deposit earns interest from the date it is made, so earlier deposits earn more. The interest is compounded periodically as per the bank guidelines. If you miss or delay instalments, the interest may be calculated differently, often on a daily balance basis.

UCO Bank RD Interest Rates

The table below provides an overview of RD interest rates across different tenures.

*UCO Bank recurring deposit interest rates w.e.f. April 1, 2026

Types of UCO Bank Recurring Deposit

UCO Bank offers different RD variants to cater to varying saving needs.

1. Regular UCO Recurring Deposit (RD)

   This Regular UCO Recurring Deposit (RD) helps you make periodic monthly deposits of a fixed amount. You can choose from small amounts to large amounts, which makes it a preferable option for both small and large investors. It allows you to build savings with monthly deposits of anywhere between ₹100 and ₹10 lakh, from your regular income.

2. UCO Sowbhagya (RD): Flexi Recurring Deposit Scheme

   UCO Sowbhagya Recurring Deposit (RD) offers flexibility in the amount you can deposit as per your income. The UCO Bank flexi RD has a minimum deposit of ₹100 per month, and the deposit is in multiples of ₹100 with no maximum deposit (although each deposit must be less than ₹2 crore). The period can range from 1 year (12 months) to 5 years (60 months).

3. UCO Sanchayika: Flexi RD Scheme for Women Customers

   The UCO Sanchayika Recurring Deposit is a scheme for women that combines flexibility with savings. This scheme offers an initial deposit of at least ₹2,000 per month, with subsequent deposits in multiples of ₹500.

   The investment period for the deposits ranges from a minimum of 12 months to a maximum of 60 months. You can make as many deposits in a month as you can afford. This gives you the flexibility to save whatever you can and start the savings habit.

Key Features of UCO Bank RD

The Regular UCO Recurring Deposit (RD) is a simple, disciplined and effective savings plan. Key features include:

• Standing Instruction Facility: UCO Bank provides a standing instruction facility for RD to make automatic monthly deposits to your RD account. This will ensure timely deposit and also encourage saving.
• Loan Against RD: Investors can take a loan from UCO Bank loan against RD without closing the account, and savings can continue. UCO Bank Sowbhagya allows up to 90% of the deposit amount as a loan against RD and is charged at 2% higher RD interest rate.
• Additional Interest for Senior Citizens: Senior citizens are offered higher RD interest rates on their deposits. An additional 0.25% is provided for tenures up to 1 year, while 0.50% is offered for tenures exceeding 1 year, resulting in improved returns.
• Staff and Ex-Staff Benefits: Additional interest is provided to staff and ex-staff as well. Staff and ex-staff receive an extra 1.00% interest across tenures, while ex-staff who are also senior citizens receive 1.25% for up to 12 months and 1.50% for tenures above 12 months.
• Premature Withdrawal Facility: UCO Bank RD premature withdrawal facility enables you to withdraw your money before the RD maturity. For Sowbhagya (RD), a penalty of 1% is charged if the account is closed within 1 year, and 0.5% if it is closed after 1 year.

How to Open a UCO Bank RD

Opening a UCO Bank RD is simple and can be done online or offline.

Online Method

You can easily start a Recurring Deposit with internet or mobile banking, so you don’t have to go to a branch.

• Visit Branch: Visit your nearest UCO Bank branch for assistance.
• Fill Form: Fill in the RD application form carefully.
• Submit KYC: Submit valid ID and address documents.
• Choose Payment: Select the UCO Bank savings account as your preferred payment option.
• Pay Instalment: Make the first deposit.
• Get Confirmation: The bank will provide your RD account information.

Offline Method

If you prefer in-person assistance, you can open an RD by visiting the bank branch.

• Visit Branch: Go to the nearest UCO Bank branch.
• Fill Form: Complete the RD application form.
• Submit KYC: Provide ID and address proof.
• Choose Payment: Select the deposit method.
• Pay Instalment: Deposit the first amount.
• Get Confirmation: Receive RD account details.

Eligibility Criteria for UCO Bank RD

UCO Bank allows a wide range of applicants to open a recurring deposit, making it accessible for both individuals and institutions.

• Individual Accounts: Can be opened by resident indians above 18 years of age in their own name.
• Joint Accounts: Allowed for two or more individuals jointly.
• On Behalf of a Minor: Accounts can be opened by a natural guardian or court-appointed guardian. Minors above 10 years who can read and write may open and operate an account independently.
• Institutions & Entities: Eligibility is open to clubs, societies, associations, educational institutions, trusts, firms, partnerships, and registered companies.
• Special Cases: An account can also be opened in the name of illiterate person and operated through thumb impression.

Key Takeaways

UCO Bank recurring deposits provide an easy mechanism to create disciplined savings by investing a definite amount on a monthly basis over a period of 1 to 10 years. The minimum amount required is ₹100, which makes it affordable to a large group of investors. Its auto-debit facility, loan against RD, and premature withdrawal feature make it a useful choice for planned, clear, structured and regular savings.