Domestic Schemes

DOMESTIC DEPOSITS

Savings Bank Rate of Interest w.e.f 10.04.2022:-

 

Rate(s) of Interest on Domestic Term Deposits less than Rs. 3 Crores (w.e.f 11-06-2024) as under:

Maturity Period	ROI for General Customer Rate (%)	Yield in (%)
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%	4.50%
121-150 days	4.50%	4.51%
151-180 days	5.00%	5.02%
181-364 days*	5.50%	5.54%
1 Year	6.50%	6.66%
Above 1Yr – 399 days	6.50%	6.66%
400 days*	7.05%	7.27%
Above 401 Days – 2 Yrs	6.50%	6.66%
Above 2yrs - 3yrs	6.30%	6.66%
Above 3yrs - 5yrs	6.20%	6.76%
Above 5 yrs	6.10%	7.07%

Note : *400 Day Special Scheme is also valid for NRE Term Deposit Scheme.

The Additional Interest payable on deposits of Senior citizen/staff/ex staff /Ex staff. Sr. citizen above the “General Customer interest rate” is as under:

Rate of Interest for 'UCO Green Deposits' :

a) For Retail Deposits (Less than Rs. 3.00 Cr): Applicable Card Rate + 0.20%,

Tenor	Rate	Effective ROI%
12 Months	Applicable Card Rate for Retail Deposits + 0.20%	6.70% (Card Rate+20 bps)
1000 Days		6.50% (Card Rate+20 bps)
2000 Days		6.30% (Card Rate+20 bps)

Rate(s) of Interest on Bulk Term Deposits Rs. 3 Cr & above and upto & including Rs. 10 Cr (w.e.f 08-06-2024) as under:

Maturity Period	Single Term Deposit Rs. 3 Cr and above and upto & including Rs. 10 Cr		Single Non-Callable Bulk Term Deposit Rs. 3 Cr and above and upto & including Rs. 10 Cr
7-14 days	5.90%	5.90%	5.90%	5.90%
15-30 days	5.90%	5.90%	5.90%	5.90%
31-45 days	6.15%	6.15%	6.20%	6.20%
46-90 days	6.15%	6.15%	6.20%	6.20%
91-180 days	6.15%	6.15%	6.20%	6.20%
181-210 days	6.15%	6.15%	6.20%	6.20%
211-270 days	6.15%	6.15%	6.20%	6.20%
271 days to 1 Year	6.75%	6.75%	6.80%	6.80%
Above 1 Year to 2 Year	6.50%	6.50%	6.55%	6.55%
Above 2 Year to 3 Year	6.00%	6.00%	6.05%	6.05%
Above 3 Year to 5 Year	5.50%	5.50%	5.55%	5.55%
Above 5 Years	5.50%	5.50%	-	-

Rate of Interest for 'UCO Green Deposits' :

For Bulk Deposits i.e Rs. 3.00 Cr and above: Rate of Interest will be 0.10% less than applicable card rate.

Domestic Bulk Deposit above Rs. 10 Crores :

A) Single Domestic Term Deposit above Rs. 10 Crs :

B) Non-Callable Bulk Term Deposit above Rs. 10 Crs :

Customer are requested to contact the nearest branch for interest rate of bulk deposit above Rs. 10 Crs.

 

Note :

*** If the deposit has actually remained with the Bank for a period less than 6 months the interest thereon shall be paid at simple rate.

*** If the fixed deposit has actually remained with the Bank for a minimum period of six months, then the interest on deposit will be compounded on quarterly rests.

"UCO Bank is adopting the method of reckoning the year at 366 days in a Leap year and 365 days in other years."