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UCO Bank Alters Interest Rates On These Deposit Schemes

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UCO Bank has altered its interest rates on various deposit schemes. On 15.12.2021, the bank adjusted its interest rates on domestic bulk term deposits of more than Rs 2 crore. Whereas on 16.11.2021, the bank changed its interest rates on deposits of less than Rs 2 crore. Following the most recent modification, the bank currently promises a rate of 2.55 percent to 5.05 percent to the general public and 2.80 percent to 5.55 percent to senior people on deposits of less than Rs 2 crore maturing in 7 days to 5 years and above. The bank, on the other hand, is offering a 3.05 percent to 3% interest rate on bulk deposits of Rs. 2 crores and above, up to and including Rs. 5.00 crore, maturing in 7 days to more than 5 years.

 

UCO bank interest rates on domestic bulk term deposits of Rs 2 Cr upto and including Rs.5 Crore w.e.f. 15.12.2021

UCO bank interest rates on domestic bulk term deposits of Rs 2 Cr upto and including Rs.5 Crore w.e.f. 15.12.2021

With effect from 15.12.2021, the bank's Bulk Term Deposits of Rs. 2.00 crores and more, up to and including Rs. 5.00 crore, have been updated as follows.

PeriodSingle Term Deposit Rs. 2 Cr and above upto & including Rs. 5.00 CrSingle Non- Callable Bulk Term Deposit Rs. 2 Cr and above upto & including Rs. 5.00 Cr
7-14 days3.053.05
15-30 days3.253.25
31-45 days3.253.25
46-90 days3.253.25
91-180 days3.053.05
181 - 210 Days3.053.05
211 days to 270 days3.053.05
271 days to 1 year3.653.65
>1 year to 2 year3.653.65
>2 year to 3 year33
>3 years to 5 year33
Above 5 years3-
Source: Bank Website

UCO bank interest rates on domestic bulk term deposits of above Rs.5 Crore
 

UCO bank interest rates on domestic bulk term deposits of above Rs.5 Crore

With effect from 15.12.2021, the modified rate of interest on Bulk Term Deposits of above Rs. 5.00 crores is as follows.

PeriodAbove Rs. 5.00 Cr upto & including Rs. 25.00 CrAbove Rs.25.00 Cr upto & including Rs.100.00 CrAbove Rs.100.00 Cr
7 - 14 Days3.053.053.05
15 - 30 Days3.253.253.25
31-45 Days3.253.253.25
46 - 90 Days3.253.253.25
91 - 180 Days3.053.053.05
181 - 210 Days3.053.053.05
211- 270 days3.053.053.05
271 days to 1 year3.653.653.65
>1 year to 2 years3.653.653.65
>2 years to 3 years333
>3 Years to 5 Years333
Above 5 Years333
Source: Bank Website

UCO bank interest rates on fixed deposits of up to Rs 2 Cr

UCO bank interest rates on fixed deposits of up to Rs 2 Cr

UCO Bank is providing a 2.55 percent interest rate on deposits maturing in 7 to 29 days to the general public. Regular customers will get a 2.80 percent interest rate on deposits maturing in 30 to 45 days and a 3.55 percent interest rate on deposits maturing in 46 to 90 days. Regular customers will get interest rates of 3.70 percent and 4.40 percent on term deposits maturing in 91 days to 180 days and 181 days to 364 days, respectively.

UCO Bank is now granting the general public interest rates of 4.90 percent, 5.00 percent, and 5.05 percent on deposits maturing in one year, more than one year to three years, and above three years to five years, respectively. Senior citizens will continue to get an additional rate of 0.25% on deposits maturing in 7 days to 1 year and 0.50% on deposits maturing in more than 1 year to 5 years and above. With effect from 16.11.2021, UCO Bank is providing the following interest rates on term deposits of less than Rs 2 crore to the general public and elderly persons.

PeriodGeneral (Non-Staff, Non-Senior Citizen)General (Non-Staff, Senior Citizen)Ex-Staff (Senior Citizen) Revised Rate
7 - 14 Days2.55%2.80%4.05%
15 - 29 Days2.55%2.80%4.05%
30 - 45 Days2.80%3.05%4.30%
46 - 60 Days3.55%3.80%5.05%
61 - 90 Days3.55%3.80%5.05%
91 - 120 Days3.70%3.95%5.20%
121 - 150 Days3.70%3.95%5.20%
151-180 Days3.70%3.95%5.20%
181 to 364 days4.40%4.65%5.90%
1 year4.90%5.15%6.40%
More than 1 year but upto 2 Years5.00%5.50%6.50%
Above 2 Years upto 3 Years5.00%5.50%6.50%
Above 3 Years and less than 5 Years5.05%5.55%6.55%
5 years and above5.05%5.55%6.55%
Source: Bank Website

Story first published: Friday, December 24, 2021, 16:16 [IST]
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