|CEO||Atul Kumar Goel|
|Listed on exchange as||UCO Bank|
|Tenure||Regular customers||Senior citizens|
For a UCO Bank FD with tenure ranging from 7 days to 12 months, the interest rate offered is from 2.75% p.a. to 4.90% p.a. These deposits with tenures less than 1 year are known as short term deposits.
Medium-term fixed deposits have their tenures ranging from more than 1 year to less than 5 years. The interest offered by the bank on these deposits is 5.00% p.a
These deposits have their tenure ranging from 5 years to 10 years and offer an interest rate of 5.00%
For opening an FD account in UCO Bank, one needs to visit any nearest UCO Bank branch and request for application form concerning the fixed deposit. Fill out the application form and submit it to the bank desk for further processing. Along with the application form, one needs to deposit a cheque bearing the amount of choice. After successful verification of identity and address, proof details by the bank officials, UCO Bank FD account will be opened.
Individuals who fulfil the following factors are eligible to invest in UCO Bank FD schemes.
Companies, trusts and societies can also apply for a UCO bank FD plan.
Investors need to furnish the following documents to start their UCO Bank investments.
What are the minimum and maximum tenure of UCO Bank Fixed Deposit?
The UCO Bank FD tenure ranges from 7 days to 10 years.
What is the highest FD rate provided by UCO Bank FD?
The maximum interest provided by UCO Bank on fixed deposits is 5.00%.
What is the minimum deposit amount required to open an FD account in UCO Bank?
You need at least Rs.1000 under the UCO Fixed deposit scheme.
Who all are eligible to open an FD account in UCO Bank?
All resident individuals, Hindu Undivided Families, NRIs, firms as well as minors are eligible to open an FD account.
What are the different types of Fixed deposit schemes provided by UCO Bank?
Can I withdraw my FD amount before maturity?
Depositors can withdraw their fixed deposit amount before maturity which is known as premature withdrawal. Although a premature withdrawal facility is provided by the UCO bank, a normal penalty is charged by the bank. The penalty charged by UCO bank is 2.00% less than the applicable rate for which the FD was held by the branch as on the date of deposit or the prevailing rate of interest as on the date of premature closure, whichever is lower.
Does UCO Bank provide deposit options to NRIs?
UCO Bank also provides Term Deposits options to Non-Resident Indians. The variants are:
The highest interest rate provided on NRO and NRE deposits is 6.30% p.a. However, the UCO Bank FCNR (B) interest rates tend to change from time to time.