UCO Bank Modifies Interest Rates On Fixed Deposits of Less Than Rs 2 Cr (W.e.f. 10.02.2022)

The interest rates on domestic term deposits of less than Rs 2 crore have been changed by UCO Bank, a public sector lender. Today, 10.02.2022, the bank made a change to the fixed deposit interest rates. Following the exclusive adjustment, the bank is now providing the general public a maximum interest rate of 5.30 percent and senior citizens a maximum interest rate of 5.80 percent on term deposits of less than Rs 2 crore maturing in more than 3 years but less than 5 years.

UCO Bank Fixed Deposit Interest Rates For Regular Customers

With effect from 10.02.2022, the bank is now giving a 2.55 percent interest rate on deposits of less than Rs 2 crore maturing in 7 to 29 days to the general public. On deposits maturing in 30 - 45 days, the general public will now get a 2.80% interest rate. On deposits maturing in 46 days to 90 days, the bank is currently giving a 3.55 percent interest rate to regular customers. On deposits maturing in 91 days to 180 days, UCO Bank is currently giving a 3.70 percent interest rate to regular customers.

On deposits maturing in 181 to 364 days, non-senior citizens will now receive a 4.40 percent interest rate. Deposits maturing in one year to three years will now fetch a 5.10 percent interest rate. On domestic term deposits maturing in more than 3 years but less than 5 years and 5 years and above, UCO Bank is currently giving an interest rate of 5.30 percent and 5.10 percent to the general public.

Tenure	Interest rate per annum
7 - 14 Days	2.55%
15 - 29 Days	2.55%
30 - 45 Days	2.80%
46 - 60 Days	3.55%
61 - 90 Days	3.55%
91 - 120 Days	3.70%
121 - 150 Days	3.70%
151-180 Days	3.70%
181 to 364 days	4.40%
1 year	5.10%
More than 1 year but upto 2 Years	5.10%
Above 2 Years upto 3 Years	5.10%
Above 3 Years and less than 5 Years	5.30%
5 years and above	5.10%
Source: Bank Website

UCO Bank Fixed Deposit Interest Rates For Senior Citizens

On deposits maturing in 7 days to 1 year, senior citizens will receive an additional 0.25 percent rate over and above the card rate payable to non-senior citizens. Senior citizens will get an additional rate of 0.50 percent on deposits maturing in more than one year and 5 years or more, in addition to the card rate available to non-senior citizens. The bank is currently offering the following interest rates to non-staff senior citizens.

Tenure	Interest rate per annum
7 - 14 Days	2.80%
15 - 29 Days	2.80%
30 - 45 Days	3.05%
46 - 60 Days	3.80%
61 - 90 Days	3.80%
91 - 120 Days	3.95%
121 - 150 Days	3.95%
151-180 Days	3.95%
181 to 364 days	4.65%
1 year	5.35%
More than 1 year but upto 2 Years	5.60%
Above 2 Years upto 3 Years	5.60%
Above 3 Years and less than 5 Years	5.80%
5 years and above	5.60%
Source: Bank Website

UCO Bank Fixed Deposit Interest Rates For Ex-Staff (Senior Citizen)

UCO Bank is now providing the following interest rates on domestic deposits of less than Rs 2 crore to ex-staff elderly folks.

Tenure	Ex-Staff (Senior Citizen) Existing Rate	Ex-Staff (Senior Citizen) Revised Rate
7 - 14 Days	3.80%	4.05%
15 - 29 Days	3.80%	4.05%
30 - 45 Days	4.05%	4.30%
46 - 60 Days	4.80%	5.05%
61 - 90 Days	4.80%	5.05%
91 - 120 Days	4.95%	5.20%
121 - 150 Days	4.95%	5.20%
151-180 Days	4.95%	5.20%
181 to 364 days	5.65%	5.90%
1 year	6.15%	6.40%
More than 1 year but upto 2 Years	6.25%	6.50%
Above 2 Years upto 3 Years	6.25%	6.50%
Above 3 Years and less than 5 Years	6.30%	6.55%
5 years and above	6.30%	6.55%
Source: Bank Website