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UCO Bank Fixed Deposit Plans

LIC’s New Term Assurance Rider

Uco Bank FD Rates

One of Indias premier financial Institutions, the UCO Bank is known for its qualitative deposit schemes.

A Way to Save More

Being one of the oldest financial Institutions in India having originated in 1943, this Kolkata based bank has become a super power in the world of Banks. The United Commercial Bank has a user-friendly net banking service with a detail preview on the various schemes and services offered by this bank. Fixed and recurring deposits, the two kinds of deposits that are offered by the UCO bank are exceedingly popular among the customers.

The pros of the FD scheme

The Fixed Deposit scheme is UCO Bank is exceptional. The rates differ for the amount of principal invested and the tenure that it is invested for. Another reason for the fluctuation of rates is the nature of the account holder. Senior citizens get a higher interest rate when compared to the other cadre of citizens. The FD scheme is available in two modes- The quarterly payout scheme where the interest generated every month can be withdrawn every quarter from the start date of the investment or the month payout scheme where the customer can withdraw the interest every month is he chooses. The interest calculator which is available on the banks website is helpful in choosing the right Fixed Deposit Scheme to suit the customers needs.

UCO Bank Fixed Deposit Rates

It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.

For Domestic Deposits – 25 crs and upto 50 Cr (As on Jun 29, 2017)

For Domestic Deposits – 50 crs and above (As on Jun 29, 2017)

For Domestic Deposits – above Rs. 5 Cr and less than 25 Cr (As on Jun 29, 2017)

For Domestic Deposits – less than Rs. 1 cr (As on Jul 10, 2017)

For Domestic Deposits – Rs. 1 cr and above upto Rs. 5 cr (As on Jun 29, 2017)

Tax Saver FD (Max Deposit – 1 LPA)

Tax Implications

  • The amount invested in Fixed Deposit with a tenure of 5 years with UCO Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
  • The applicable tax will be deducted at source, i.e. UCO Bank, in case the annual interest earned crosses Rs. 10,000.
  • For NRO Fixed Deposit – 25 crs and upto 50 Cr (As on Jun 29, 2017)

    For NRO Fixed Deposit – 50 crs and above (As on Jun 29, 2017)

    For NRO Fixed Deposit – above Rs. 5 Cr and less than 25 Cr (As on Jun 29, 2017)

    For NRO Fixed Deposit – less than Rs. 1 cr (As on Jul 10, 2017)

    For NRO Fixed Deposit – Rs. 1 cr and above upto Rs. 5 cr (As on Jun 29, 2017)

    For NRE Fixed Deposit – Rs. 1 cr and above to Rs. 5 cr (As on Jul 10, 2017)

    For NRE Fixed Deposit – Upto Rs. 1 cr (As on Apr 07, 2017)

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