UCO Bank FD rates range from 2.90% to 6.45% p.a. for general citizens and 3.15% to 6.95% p.a. for senior citizens, with tenures ranging from 7 days to 10 years. The deposit period can be anywhere from 7 days to 10 years. The UCO Bank Tax Saver FD rates is 6.00% p.a. for general and 6.50% p.a. for senior citizens.
Guaranteed return plans are an excellent choice for risk-averse investors. They offer the dual benefit of a fixed, assured return on your investment and life insurance coverage. Because they are not linked to the stock market, these plans provide stability and are unaffected by market fluctuations, giving you peace of mind and helping you achieve your long-term financial goals.
What is a UCO Bank Fixed Deposit?
UCO Bank Fixed Deposit is a financial instrument through which you can invest a certain sum of money for a predetermined period and earn guaranteed returns. The minimum deposit amount for UCO Bank FD is ₹1,000. UCO Bank pays interest on different options, such as cumulative, monthly, or quarterly basis. Some of the most common FD products offered by UCO Bank include regular term deposits, UCO 444 days FD, UCO Green Deposit, Kuber Yojana, and monthly income schemes.
For Non-Resident Indians looking to invest their overseas earnings in Indian Rupees. The need to keep an eye on UCO Bank NRE FD Rates, as they often align with competitive domestic rates, currently peaking at 6.45% p.a. for specific tenures, such as the 444-day slab.
Information About FDs & Other Options
It is always important to know what you have to choose when you are deciding on what to invest in. Fixed deposits are secure and give guaranteed returns, whereas products such as guaranteed return plans and mutual funds have varied growth and risk.
UCO Bank Fixed Deposit: Key Highlights
Tenure
7 days to 10 years
Minimum Deposit Amount
Rs 100
Maximum Deposit Amount
No Limit
Loan Against FD
Available
Nomination Facility
Available
Loan Facility
Up to 90% of the loan amount
Interest Rate Compounding
Quarterly
UCO Bank FD: Latest Updates
UCO Bank has officially revised its interest rates on retail domestic term deposits for 2026. Under the new rate structure, the bank is offering a peak interest rate of 6.95% for senior citizens and 6.45% for general customers.
UCO Bank FD Interest Rates 2026
Revised rates below ₹ 3 Crore
Tenure
Tenure
Regular Rates
Current Rates
Senior Citizen
7 Days to 14 Days7 Days to 14 Days
2.75%
3.00%
15 Days to 29 Days15 Days to 29 Days
2.75%
3.00%
30 Days to 45 Days1 Month to 2 Months
3.00%
3.25%
46 Days to 60 Days2 Months to 2 Months
3.75%
4.00%
61 Days to 90 Days2 Months to 3 Months
3.75%
4.00%
91 Days to 120 Days3 Months to 4 Months
3.90%
4.15%
121 Days to 150 Days4 Months to 5 Months
3.90%
4.15%
151 Days to 180 Days5 Months to 6 Months
3.90%
4.15%
181 Days to 364 Days6 Months to 12 Months
4.70%
4.95%
365 Days to 365 Days1 Year
5.00%
5.25%
366 Days to 729 Days1 Year to 2 Years
5.00%
5.50%
730 Days to 1094 Days2 Years to 3 Years
5.00%
5.50%
1095 Days to 1824 Days3 Years to 5 Years
4.95%
5.45%
1825 Days to 3650 Days5 Years to 10 Years
4.95%
5.45%
Tenure
Single Term Deposit
Single Non-Callable Bulk Term Deposit
7 – 14 Days
4.00%
4.00%
15 – 30 Days
4.00%
4.00%
31 – 45 Days
4.25%
4.25%
46 – 90 Days
4.50%
4.55%
91 – 180 Days
4.75%
4.80%
181 – 210 Days
5.00%
5.05%
211 Days to 270 Days
5.00%
5.05%
271 Days to 1 Year
5.50%
5.55%
> 1 Year to 2 Years
5.25%
5.30%
> 2 Years to 3 Years
5.25%
5.30%
> 3 Years to 5 Years
4.75%
4.80%
Above 5 Years
4.75%
—
Note: UCO Bank FD interest rates w.e.f. March 01, 2026. The above interest rates apply to general citizens and to deposit amounts of ₹3 crore to ₹10 crore.
Types of UCO Bank FD Schemes
UCO 444 Days Fixed Deposit Scheme
A special fixed deposit for particular days, applicable on domestic retail term deposit below Rs 3 crore, including NRE/NRO, with interest rates of 6.45% p.a. for the general citizens and 6.95% p.a. for Senior Citizens.
Tenure - 444 days
Minimum Deposit Amount - Rs 10,000
Maximum Deposit Amount - Less than Rs. 3 crore
Interest Payout Options - monthly, quarterly, or at maturity
Senior Citizens Benefits - an additional 0.50% p.a.
UCO Monthly Income Scheme
A five-year fixed deposit designed to provide a regular monthly income.
Tenure - 5-year plan
Minimum Deposit Scheme - Rs 50,000
Loan Facility - Yes, available
Nomination Facility - Yes allowed
UCO Green Deposits
A fixed deposit designed to fund environmentally friendly projects.
Additional Benefit - 0.10% less than applicable card rates
Tenure - 12 months, 1000 days, or 2000 days
Interest Payout Options - Monthly and Quarterly
Nomination Facility - Allowed
Premature Withdrawal - Permitted
UCO Flexible Fixed Deposit Scheme
It is a reinvestment plan that allows you to withdraw a portion of your deposit before maturity.
Premature Withdrawal - Allowed in multiples of Rs 5,000
Auto-Renewal - Yes, available
Investment Option - Flexible
Process - Easy online process
UCO Tax Saver Deposit Scheme – 2006
It is a five-year fixed deposit that helps you save on taxes.
TDS - Deductible up to ₹1.5 lakhs under Section 80C
Minimum deposit - ₹100
Nomination facility - Available
Transferability or Loans - The deposit is not transferable or eligible for loans.
Key Benefits of UCO Bank Fixed Deposits
UCO Bank offers multiple FD schemes, each with its features. Here are the common benefits across most fixed deposit options:
Higher Interest for Senior Citizens: Senior citizens depositing with UCO Bank receive additional interest benefits,0.25% extra for tenures up to 1 year and 0.50% extra for tenures exceeding 1 year, across all eligible FD schemes.
Premature Withdrawal Facility: UCO Bank allows early withdrawal of fixed deposits before maturity. However, a penalty is applicable under the bank's predefined rate policy.
Loan Against FD:UCO Bank loan against FD or an overdraft facility of up to 90% of the fixed deposit amount, allowing customers to meet emergency financial needs without breaking their FD. The bank will charge the applicable interest or fees.
Different FD Options: UCO Bank offers various types of fixed deposits, including UCO Tax Saver Deposit Scheme and the Flexible Fixed Deposit Scheme, each tailored to suit different financial objectives.
Auto Sweep Facility: UCO Bank provides sweep- in FD and sweep-out FD facility for select savings accounts. This feature helps you earn better interest on surplus funds while maintaining liquidity.
Nomination Facility: Under this scheme, the nomination facility is available, where you can add the details of your nominee of your choice in the FD.
How to Open a UCO Bank FD
You can open a UCO Bank FD through two convenient methods, online and offline. Below are the steps mentioned -
Online FD Account Opening
If you are an existing customer, you can easily open a UCO Bank FD online through the UCO mBanking Plus app or UCO Bank's NetBanking portal.
Log in to the App/NetBanking: Open the UCO mBanking Plus app or log in to the NetBanking portal.
Navigate to Deposits: Go to the 'Online Deposit' or 'Fixed Deposits' section.
Fill in Details: Enter the deposit amount and choose your preferred tenure.
Select Scheme & Payout: Select your desired FD scheme and choose a payout option.
Review and Confirm: Review all the details, accept the terms and conditions, and submit your request.
Get Confirmation: Your FD will be booked instantly, and you can download the FD receipt.
Offline FD Account Opening
For those who prefer a traditional banking experience, you can open a UCO Bank FD by visiting your nearest branch.
Visit a UCO Bank Branch: Go to any UCO branch with the necessary documents.
Fill the FD Form: Request and fill out the fixed deposit application form provided at the branch.
Submit Documents: If you are a new customer, submit the required KYC documents such as your PAN and Aadhaar card.
Deposit the Amount: Make the FD deposit using cash or a cheque.
Choose Tenure & Payout: Specify your desired tenure and select your interest payout frequency.
Receive the Receipt: The bank will process your request and issue a Fixed Deposit Receipt.
Eligibility
Individuals who fulfil the following criteria are eligible to invest in UCO Bank FD schemes.
Indian Citizen
Member of HUF
Companies, trusts, and societies
Key Takeaways
UCO Bank Fixed Deposits offer returns across a variety of tenures, allowing individuals to choose investment durations that suit their financial plans. Features such as online and offline booking options, loan against deposit or overdraft facility, nomination support, and additional interest for senior citizens up to 6.95% p.a. enhance overall flexibility. Beyond standard options, the bank offers UCO Bank Special FD Schemes, such as the 444-day and 333-day plans, which provide higher yields for targeted durations. Before investing, it's advisable to review and compare the best FD interest rates with those offered by other banks to make an informed decision.
What are the tenure options available for UCO Bank Fixed Deposits?
UCO Bank Fixed Deposits offer flexible tenures ranging from 7 days to 10 years.
What are the latest UCO Bank FD interest rates for 2026 ?
The latest UCO Bank FD rates range from 2.90% to 6.45% p.a. for the general citizens and 3.15% to 6.95% p.a. for the senior citizens.
What is the penalty for premature withdrawal of a UCO Bank FD?
If you close your UCO Bank FD before its maturity, a penalty may be levied on the interest earned. The applicable interest will be the rate for the actual deposit period minus the penalty, as per the bank’s premature withdrawal policy.
Can I withdraw a UCO Bank Tax Saver FD before maturity?
No, the UCO Tax Saver Deposit has a 5-year lock-in period. Premature withdrawal is only allowed in case of the depositor's death by the nominee.
Are there any benefits for the senior citizen applying for the UCO Bank FD?
Yes, a 0.5% additional benefit is available for senior citizens with tenure of 1 year or more, and 0.25% for tenure up to 1 year, for UCO Bank FDs.
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in * The Guaranteed Returns are dependent on the policy term and premium term availed, along with the other variable factors. The 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and premium term of 10 years with a Rs . 20,000 monthly instalment premium. The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year, and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
** The Life Cover amount varies as per plan specifications. Please read the policy document for details.
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
Interest Earned
Maturity Amount
