UCO Bank, a public sector bank, is offering attractive interest rates on its Fixed Deposit (FD) accounts.
Even though banks have lowered FD rates after the RBI’s repo rate cut, FDs remain a safe and profitable option.
You can open an FD with UCO Bank for tenures ranging from 7 days to 10 years, making it flexible for both short-term and long-term savings.
Attractive Interest Rates Up to 7.95%
UCO Bank guarantees fixed interest on its FD accounts.
Interest rates range from 2.90% to 7.95%, with the highest rates offered to retired senior citizen staff.
For the 444-day special FD scheme, the bank offers:
6.45% for general customers
6.95% for senior citizens
7.95% for retired senior citizen staff
For FD tenures under 1 year, senior citizens get 1.25% extra, and for tenures longer than 1 year, they get 1.50% extra.
How Much Can You Earn?
Let’s take an example:
A general citizen investing ₹1 lakh in a 5-year FD will get ₹1,35,351 at maturity, including ₹35,351 in interest.
A senior citizen investing ₹1 lakh in a 5-year FD will receive ₹1,38,723 at maturity, including ₹38,723 in interest.
FDs provide a fixed, guaranteed return over the selected tenure, with no hidden conditions.
