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UCO Bank Hikes Interest Rates On Fixed Deposits (W.e.f. 10.05.2022)

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UCO Bank, a public sector lender, has increased the interest rate on fixed deposits of less than Rs 2 crore. The new rates will take effect on May 10, 2022, according to the bank's official website.

 

UCO Bank FD Rates For Regular Customers
 

UCO Bank FD Rates For Regular Customers

With effect from May 10, 2022, the bank will give a 2.55 per cent interest rate on deposits maturing in 7 to 29 days, and a 2.80 per cent interest rate on deposits maturing in 30 to 45 days. The interest rate on deposits maturing in 46 to 90 days will be 3.55 per cent, while the interest rate on term deposits maturing in 91 to 120 days will be 3.70 per cent.

Previously, the bank offered a 3.70 per cent interest rate on deposits maturing in 121 to 180 days, but that rate has now been raised to 3.71 per cent. Previously, the bank offered a 4.40 per cent interest rate on deposits maturing in 181 to 364 days, but now the rate will be 4.42 per cent. On deposits maturing in one to two years, UCO Bank will now give a regular rate of 5.20 per cent, up from 5.10 per cent previously.

The interest rate on deposits maturing in the next two to three years has been raised from 5.10 per cent to 5.33 per cent. Previously, the bank offered a 5.30 per cent interest rate on deposits maturing in more than 3 years but less than 5 years, but now the rate will be 5.70 per cent. The interest rate on term deposits with a maturity of five years or more has been raised from 5.30 per cent to 6.02 per cent.

Time PeriodGeneral (Non-Staff, Non-Senior Citizen)
7 - 14 Days2.55%
15 - 29 Days2.55%
30 - 45 Days2.80%
46 - 60 Days3.55%
61 - 90 Days3.55%
91 - 120 Days3.70%
121 - 150 Days3.71%
151-180 Days3.71%
181 to 364 days4.42%
1 year5.20%
More than 1 year but up to 2 Years5.20%
Above 2 Years up to 3 Years5.33%
Above 3 Years and less than 5 Years5.70%
5 years and above6.02%
Source: ucobank.com 
UCO FD Rates Non-Staff Senior Citizens

UCO FD Rates Non-Staff Senior Citizens

UCO Bank will now provide the following interest rates on term deposits of less than Rs 2 crore to general or non-staff senior citizens.

Time PeriodGeneral (Non-Staff, Senior Citizen
7 - 14 Days2.55%
15 - 29 Days2.55%
30 - 45 Days2.80%
46 - 60 Days3.55%
61 - 90 Days3.55%
91 - 120 Days3.70%
121 - 150 Days3.71%
151-180 Days3.71%
181 to 364 days4.42%
1 year5.41%
More than 1 year but upto 2 Years5.41%
Above 2 Years upto 3 Years5.55%
Above 3 Years and less than 5 Years6.05%
5 years and above6.02%
Source: ucobank.com 
UCO Bank FD Rates For Ex-Staff (Senior Citizen)

UCO Bank FD Rates For Ex-Staff (Senior Citizen)

UCO Bank will now provide the following fixed deposit rates to ex-staff (senior citizens).

Time PeriodEx-Staff (Senior Citizen) Revised Rate
7 - 14 Days2.80%
15 - 29 Days2.80%
30 - 45 Days3.05%
46 - 60 Days3.80%
61 - 90 Days3.80%
91 - 120 Days3.95%
121 - 150 Days3.96%
151-180 Days3.96%
181 to 364 days4.68%
1 year5.67%
More than 1 year but upto 2 Years5.93%
Above 2 Years upto 3 Years6.10%
Above 3 Years and less than 5 Years6.64%
5 years and above6.67%
Source: ucobank.com 

Story first published: Monday, May 9, 2022, 10:49 [IST]
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