UCO Bank FCNR Rates
Below are the current UCO Bank FCNR Rates for the NRIs for a deposit tenure of up to 5 years, effective from June 11, 2026:
| Tenure |
1 Year to less than 2 Years |
2 Years to less than 3 Years |
3 Years to less than 4 Years |
4 Years to less than 5 Years |
5 Years only |
| USD |
5.1 |
4 |
6 |
6.25 |
6.25 |
| GBP |
3.5 |
2.8 |
2.3 |
2.3 |
2.3 |
| EUR |
2 |
1.3 |
0.5 |
0.5 |
0.5 |
| JPY |
0.11 |
0.13 |
0.13 |
0.14 |
0.17 |
| CAD |
4 |
3.8 |
2.8 |
2.8 |
2.8 |
| AUD |
3.3 |
3 |
2.1 |
2.2 |
2.25 |
| CHF |
0 |
0.02 |
0.07 |
0.07 |
0.07 |
| SGD |
0.75 |
0.9 |
0.9 |
0.9 |
0.9 |
| HKD |
0.75 |
0.85 |
0.85 |
0.85 |
0.85 |
*UCO Bank FCNR Rates effective from June 11, 2026
UCO Bank FCNR Account Features
UCO Bank FCNR account offers the following features:
- Multiple Currency Options: UCO FCNR deposits can be opened in several foreign currencies, including USD, GBP, JPY, AUD, EUR and CAD.
- Competitive Interest Rates: The Bank offers attractive UCO Bank FCNR rates from 0% to 6.25% p.a. on its FCNR accounts.
- Tax Exemption: Interest earned on FCNR deposits is exempt from income tax in India.
- Fully Repatriable: Both principal and interest are freely repatriable without restrictions.
- Fixed Deposit Nature: FCNR accounts are offered as term deposits (fixed deposits) for specific tenures, providing stable returns.
Eligibility to Open UCO Bank FCNR Account
NRIs are eligible to open an FCNR account and enjoy the benefits offered by the account including competitive UCO Bank FCNR rates, interest rates tax-exemption, full repatriation, etc.
How to Open UCO Bank FCNR Account?
NRIs can open an FCNR deposit account by providing the required KYC documents and duly filled application form at any UCO Bank branch or through authorized NRI banking channels. The deposit must be made through inward remittance from abroad in the relevant foreign currency.
Documents Required to Open a UCO Bank FCNR Account?
The following common documents are required to open FCNR account at UCO Bank:
- Duly filled application form
- Copy of Passport / Visa / Green Card
- Recent photographs of each account holder (one photo to be affixed on the application form)
- Overseas and Indian addresses with contact details such as phone, fax, and email
- Initial deposit amount
- Any other document required by the bank
Conclusion
The UCO Bank FCNR account is a reliable option for NRIs, PIOs, and OCIs to earn secure, tax-free returns on their foreign income in multiple currencies. With flexible tenures, full repatriation, and competitive UCO Bank FCNR rates up to 6.25%, it serves as a smart investment channel for those living abroad. Explore your options and grow your savings with assured returns.
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