UCO Bank Makes Interest Revision On Fixed Deposits (W.e.f. 10.05.2022)

UCO Bank, a public sector lender, has revised interest rates on fixed deposits of less than Rs 2 crore. The new rates go into effect today, May 10th, 2022, and the bank now promises a rate of 2.55 per cent to 6.02 per cent to both normal and senior persons as a result of the modification.

UCO Bank FD Rates 2022

The bank pays 2.55 per cent interest on deposits maturing in 7 to 29 days to both regular and elderly residents. On deposits maturing in 30 - 45 days, UCO Bank is now giving a 2.80 per cent interest rate to both regular and senior citizens, whereas on deposits maturing in 46 - 90 days, both customer categories will receive a 3.55 per cent interest rate. Regular customers and elderly citizens can now get 3.70 per cent and 3.71 per cent on deposits maturing in 91-120 days and 121-180 days, respectively. UCO Bank is currently giving the general public and senior citizens a 4.42 per cent interest rate on deposits maturing in 181 to 364 days.

On deposits maturing in one to two years, UCO Bank gives a standard rate of 5.20 per cent, with senior people receiving a rate of 5.41 percent. Regular customers will now get a 5.33 per cent interest rate on term deposits maturing between two and three years, while senior citizens will receive a 5.55 per cent interest rate. On fixed deposits maturing in above 3 Years and less than 5 Years, UCO Bank will offer a regular rate of 5.70% and senior citizens will get an interest rate of 6.05%, whereas on deposits maturing in 5 years and above both regular customers and senior citizens will receive an interest rate of 6.02%.

Time Period	General (Non-Staff, Non-Senior Citizen)	General (Non-Staff, Senior Citizen
7 - 14 Days	2.55%	2.55%
15 - 29 Days	2.55%	2.55%
30 - 45 Days	2.80%	2.80%
46 - 60 Days	3.55%	3.55%
61 - 90 Days	3.55%	3.55%
91 - 120 Days	3.70%	3.70%
121 - 150 Days	3.71%	3.71%
151-180 Days	3.71%	3.71%
181 to 364 days	4.42%	4.42%
1 year	5.20%	5.41%
More than 1 year but upto 2 Years	5.20%	5.41%
Above 2 Years upto 3 Years	5.33%	5.55%
Above 3 Years and less than 5 Years	5.70%	6.05%
5 years and above	6.02%	6.02%
Source: Bank Website. W.e.f. 10.05.2022

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

Time Period	Ex-Staff (Senior Citizen) Existing Rate	Ex-Staff (Senior Citizen) Revised Rate
7 - 14 Days	2.80%	2.80%
15 - 29 Days	2.80%	2.80%
30 - 45 Days	3.05%	3.05%
46 - 60 Days	3.80%	3.80%
61 - 90 Days	3.80%	3.80%
91 - 120 Days	3.95%	3.95%
121 - 150 Days	3.96%	3.96%
151-180 Days	3.96%	3.96%
181 to 364 days	4.68%	4.68%
1 year	5.46%	5.67%
More than 1 year but upto 2 Years	5.72%	5.93%
Above 2 Years upto 3 Years	5.88%	6.10%
Above 3 Years and less than 5 Years	6.29%	6.64%
5 years and above	6.67%	6.67%
Source: Bank Website. W.e.f. 10.05.2022