Interest Rate Deposit Account

Domestic Schemes

DOMESTIC DEPOSITS

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

 

Balance Rate of Interest
Upto Rs. 10 Lakhs 2.60%
Over Rs. 10 lakhs 2.75%

Rate(s) of Interest on Domestic Term Deposits less than Rs. 3 Crores (w.e.f 05.06.2025) as under:

Maturity Period

Existing ROI for General  Customer

Revised ROI for General Customer

Rate % p.a.

Yield in %

Rate % p.a.

Yield in %

7-14 days

2.90%

2.90%

2.90%

2.90%

15-29 days

2.90%

2.90%

2.90%

2.90%

30-45 days

3.00%

3.00%

3.00%

3.00%

46-60 days

3.50%

3.50%

3.50%

3.50%

61-90 days

3.50%

3.50%

3.50%

3.50%

91-120 days

4.50%

4.50%

4.50%

4.50%

121-150 days

4.50%

4.51%

4.50%

4.51%

151-180 days

5.00%

5.02%

5.00%

5.02%

181-332 days

5.50%

5.54%

5.50%

5.54%

333 days

7.00%

7.17%

6.85%

7.01%

334 – 364 days

5.50%

5.60%

5.50%

5.60%

1 year

6.50%

6.66%

6.50%

6.66%

Above 1Yr – 443 days

6.50%

6.66%

6.40%

6.56%

444 Days

7.05%

7.30%

6.90%

7.14%

445 days upto 2 yrs

6.50%

6.71%

6.40%

6.61%

Above 2yrs – 3 yrs

6.30%

6.66%

6.30%

6.66%

Above 3yrs - 5yrs

6.20%

6.76%

6.20%

6.76%

Above 5 yrs

6.10%

7.07%

6.10%

7.07%

Note :1) 400 Day Special Scheme is also valid for NRE Term Deposit Scheme.
2)444 Day Special Scheme is also valid for NRE / NRO 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:

 

 

Tenor Up to One Year

Tenor above One Year

Staff

1.00%

Senior Citizen

0.25%

0.50%

Retired staff Senior Citizen

1.25%

1.50%

 

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)

BULK NRE TERM DEPOSITS Rs.3.00 Cr and above upto & including Rs.10 Cr w.e.f. 06.06.2025

Sl. No.

Deposit period

Single NRE Term Deposit Rs. 3 Cr and above upto & including Rs. 10.00 Crore

Existing

Revised

1

1 year

6.00

5.75

2

Above 1 year to 2 years

6.00

5.50

3

Above 2 years but less than 3 years

5.25

5.00

4

3 year & above but less than 5 years

5.25

4.75

5

5 year & above

5.25

4.75

 

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 :

Customer are requested to contact the nearest branch for interest rate of bulk 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."

 

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