Domestic Schemes

DOMESTIC DEPOSITS

Savings Bank Rate of Interest w.e.f 10.04.2022:-

 

Rate(s) of Interest on Domestic Term Deposits less than Rs. 3 Crores (w.e.f 24-09-2024) as under:

Maturity Period	ROI for General Customer Rate (%)	Yield in (%)
7-14 days	2.90%	2.90%
15-29 days	2.90%	2.90%
30-45 days	3.00%	3.00%
46-60 days	3.50%	3.50%
61-90 days	3.50%	3.50%
91-120 days	4.50%	4.50%
121-150 days	4.50%	4.51%
151-180 days	5.00%	5.02%
181-332 days	5.50%	5.54%
333 days	7.30%	7.48%
334-364	5.50%	5.60%
1 year	6.50%	6.66%
Above 1 Yr-399 days	6.50%	6.66%
400 days	7.05%	7.27%
401 days to 2 yrs	6.50%	6.66%
Above 2 yrs - 3 yrs	6.30%	6.66%
Above 3 yrs - 5 yrs	6.20%	6.76%
Above 2 yrs - 3 yrs	6.10%	7.07%

Note : *400 Day Special Scheme is also valid for NRE Term Deposit Scheme.

The Additional Interest payable on deposits of Senior citizen/staff/ex staff /Ex staff. Sr. citizen above the “General Customer interest rate” is as under:

Rate of Interest for 'UCO Green Deposits' :

a) For Retail Deposits (Less than Rs. 3.00 Cr): Applicable Card Rate + 0.20%,

Tenor	Rate	Effective ROI%
12 Months	Applicable Card Rate for Retail Deposits + 0.20%	6.70% (Card Rate+20 bps)
1000 Days		6.50% (Card Rate+20 bps)
2000 Days		6.30% (Card Rate+20 bps)

Bulk Term Deposits Rs.3.00 Cr & above and up to & including Rs.10 Cr w.e.f. 24/09/2024

Sl. No.	Deposit period	Single Term Deposit Rs. 3 Cr and above  and upto & including Rs. 10.00 Cr		Single Non- Callable Bulk Term Deposit Rs. 3 Cr & above upto and including Rs. 10.00 Cr
		Existing	Revised	Existing	Revised
1	7 - 14 Days	5.90	5.75	5.90	5.75
2	15 - 30 Days	5.90	5.90	5.90	5.90
3	31 - 45 Days	6.15	6.00	6.20	6.00
4	46 - 90 Days	6.15	6.15	6.20	6.20
5	91 - 180 Days	6.15	6.15	6.20	6.20
6	181 - 210 Days	6.15	6.15	6.20	6.20
7	211 days to 270 days	6.15	6.15	6.20	6.20
8	271 days to 1 year	6.75	6.75	6.80	6.80
9	>1 year to 2 year	6.50	6.50	6.55	6.55
10	>2 year to 3 year	6.00	6.00	6.05	6.05
11	>3 year to 5 year	5.50	5.50	5.55	5.55
12	Above 5 years	5.50	5.50	-	-

 

Rate of Interest for 'UCO Green Deposits' :

For Bulk Deposits i.e Rs. 3.00 Cr and above: Rate of Interest will be 0.10% less than applicable card rate.

Domestic Bulk Deposit above Rs. 10 Crores :

A) Single Domestic Term Deposit above Rs. 10 Crs :

B) Non-Callable Bulk Term Deposit above Rs. 10 Crs :

Customer are requested to contact the nearest branch for interest rate of bulk deposit above Rs. 10 Crs.

 

Note :

*** If the deposit has actually remained with the Bank for a period less than 6 months the interest thereon shall be paid at simple rate.

*** If the fixed deposit has actually remained with the Bank for a minimum period of six months, then the interest on deposit will be compounded on quarterly rests.

"UCO Bank is adopting the method of reckoning the year at 366 days in a Leap year and 365 days in other years."