UCO Bank is changing the interest rates for these deposit schemes

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UCO bank interest on domestic bulk balances from Rs 2 Cr up to and including Rs 5 Crore wef 12/15/2021

Effective 12/15/2021, the Bank’s term deposits of Rs. 2.00 crores and more, up to and including Rs. 5.00 crore, have been updated as follows.

PeriodOne-time term deposit Rs. 2 Cr and more up to and including Rs. 5.00 CrSingle Non-Cancelable Bulky Time Deposit Rs. 2 Cr and above up to and including Rs. 5.00 Cr
7-14 days3.053.05
15-30 days3.253.25
31-45 days3.253.25
46-90 days3.253.25
91-180 days3.053.05
181 – 210 days3.053.05
211 days to 270 days3.053.05
271 days to 1 year3.653.65
> 1 year to 2 years3.653.65
> 2 years to 3 years33
> 3 years to 5 years33
Over 5 years3
Source: Bank website
UCO bank rates for domestic bulk balances in excess of Rs.5 crore

UCO bank rates for domestic bulk balances in excess of Rs.5 crore

With effect from 12/15/2021, the changed interest rate for time deposits of over Rs. 5.00 crores is as follows.

PeriodOver Fr.5.00 Cr up to and including Rs. 25.00 CrOver Rs.25.00 Cr up to and including Rs.100.00 CrAbout Rs.100.00 Cr
7-14 days3.053.053.05
15-30 days3.253.253.25
31-45 days3.253.253.25
46 – 90 days3.253.253.25
91-180 days3.053.053.05
181 – 210 days3.053.053.05
211-270 days3.053.053.05
271 days to 1 year3.653.653.65
> 1 year to 2 years3.653.653.65
> 2 years to 3 years333
> 3 years to 5 years333
Over 5 years333
Source: Bank website
UCO bank rates on time deposits up to Rs 2 Cr

UCO bank rates on time deposits up to Rs 2 Cr

UCO Bank offers the general public an interest rate of 2.55 percent on deposits with a maturity of 7 to 29 days. Regular customers receive an interest rate of 2.80 percent for deposits with a term of 30 to 45 days and an interest rate of 3.55 percent for deposits with a term of 46 to 90 days. Regular customers receive interest rates of 3.70 percent or 4.40 percent on time deposits with a term of 91 days to 180 days or 181 days to 364 days.

For deposits with a term of one year, more than one year to three years or more than three years to five years, UCO Bank now grants the public interest rates of 4.90 percent, 5.00 percent and 5.05 percent. Seniors will continue to receive an additional rate of 0.25% on deposits with a maturity of 7 days to 1 year and 0.50% on deposits with a maturity of more than 1 year to 5 years and above. Effective November 16, 2021, UCO Bank is offering the general public and the elderly the following interest rates on time deposits of less than Rs.2 billion.

PeriodGeneral (non-staff, non-senior)General (non-staff, senior)Revised tariff for former employees (Senior Citizen)
7-14 days2.55%2.80%4.05%
15-29 days2.55%2.80%4.05%
30 – 45 days2.80%3.05%4.30%
46 – 60 days3.55%3.80%5.05%
61 – 90 days3.55%3.80%5.05%
91-120 days3.70%3.95%5.20%
121 – 150 days3.70%3.95%5.20%
151-180 days3.70%3.95%5.20%
181 to 364 days4.40%4.65%5.90%
1 year4.90%5.15%6.40%
More than 1 year but up to 2 years5.00%5.50%6.50%
Over 2 years to 3 years5.00%5.50%6.50%
Over 3 years and less than 5 years5.05%5.55%6.55%
5 years and older5.05%5.55%6.55%
Source: Bank website


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