Interest rates

UCO Bank raises interest rates on long-term deposits of 5 years and over

UCO Bank Interest rates on fixed deposits for regular customers

With effect from 11 March 2022, the following table shows the interest rates offered to the general public on domestic time deposits below Rs 2 crore.

Tenor Interest rate per year
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 one year but up to 2 years 5.10%
Above 2 years up to 3 years 5.10%
More than 3 years and less than 5 years 5.30%
5 years and over 5.30%
Source: Bank website
UCO Bank Fixed Deposit Interest Rates for Senior Citizens

UCO Bank Fixed Deposit Interest Rates for Senior Citizens

The following table shows the interest rates given to the elderly on domestic term deposits of less than Rs 2 crores as of March 11, 2022.

Tenor Interest rate per year
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 one year but up to 2 years 5.60%
Above 2 years up to 3 years 5.60%
More than 3 years and less than 5 years 5.80%
5 years and over 5.80%
Source: Bank website
To note

To note

The Indian Overseas Bank (IOB) yesterday raised interest rates on term deposits of three years and above. From March 10, 2022, the bank will offer an interest rate of 5.45% to the general public, compared to 5.20% previously. Domestic/NRO/NRE retail term deposits of less than Rs 2 Cr would be subject to the new interest rates. Click here for detailed details.