UCO Bank RD Rate Guide 2025

Tenure	General Public Interest Rates p.a.	Senior Citizen Interest Rates p.a.
1 year	6.50%	6.66%
More than 1 year to 399 days	6.50%	6.66%
400 days	7.05%	7.27%
401 days to two years	6.50%	6.66%
More than 2 years to 3 years	6.30%	6.66%
More than 3 years to 5 years	6.20%	6.76%
More than 5 years	6.10%	7.07%

Note: The interest rates mentioned in the table above are effective 11 May 2024.

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UCO Bank RD Key Highlights

Minimum Amount Deposit	Min: Rs. 100 per month (for any higher amount, deposit in multiples of Rs.100)
Tenure	Min: 1 year Max: 5 years
Eligibility	Individuals (single or jointly), Minors, trust, firms, societies, partnership, educational institutions, etc.
Loan Availability	Up to 90% on the principal. Interest charged by the Bank will be 2% above the deposit rates

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Benefits of UCO Bank Recurring Deposits

1. Attractive interest rates of up to 7.05% p.a.
2. Additional rates are offered to senior citizens
3. Minors below 10 years of age can apply jointly with their guardians
4. Facility of loan against deposit available

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Types of UCO Bank Recurring Deposits 

UCO Bank offers two types of recurring deposits, they are listed below: 

UCO Recurring Deposit (RD): 

1. The UCO Recurring Deposit allows you to plan savings for future goals.  
2. Flexible tenures ranging from 1 year to 10 years. 

1. Start with a deposit amount as low as Rs.100.  
2. Avail loans against your recurring deposit.  

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UCO Sowbhagya Recurring Deposit Scheme

1. The UCO Sowbhagya Recurring Deposit Scheme gives the flexibility to adjust monthly instalments for greater returns upon maturity, while still providing all the features of a regular recurring deposit. 
2. The minimum deposit amount is Rs.100 per month.  

1. Monthly deposits can be up to ten times the initial deposit, with a monthly maximum of Rs.1 lakh. 
2. One month's default is not penalised. However, there will be a penalty if money is not deposited by the second month or later. 
3. Transfer funds on a monthly basis via SI from a current or savings account to a self-managed RDUSS account in order to pay monthly instalments. 
4. Avail loans of up to 90% of the RDUSS deposit amount. The interest is 2% higher than the deposit rates. 

How to Open an RD Account at UCO Bank

You can open a recurring deposit account with UCO Bank in two ways:

1. By visiting the branch
2. Through net banking

If you are an existing UCO Bank account holder, use your net banking username and password to log in to your online account and open an e-RD right away. If you are not an UCO account holder, you will have to open an account first. After your account is active, you can log in to net banking and open an e-RD.

RD Interest Rates by Banks

1. Uco Bank RD Interest Rates
2. Central Bank RD Interest Rates
3. Federal Bank RD Interest Rates
4. Indian Bank RD Interest Rates
5. Kotak Mahindra RD Interest Rates
6. IOB RD Interest Rates
7. Citybank RD Interest Rates
8. Indusind Bank RD Interest Rates
9. BOM RD Interest Rates

RD Article Pages

1. Recurring Deposit Vs. Chit Fund
2. Miss to Pay the Recurring Deposit Due
3. Difference Between Recurring Deposit and SIP
4. Open RD Account through HDFC NetBanking
5. RD Account in SBI
6. Advantages of Recurring Deposit
7. Flexi RD
8. SBI Flexi RD Schemes
9. Monthly Recurring Deposit
10. Co-operative Bank Recurring Deposit
11. Indian Bank Recurring Deposit
12. Union Bank Recurring Deposit
13. UCO Bank Recurring Deposit

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FAQs on UCO Bank RD Rates

• What should be the minimum age of the account holder?

  The account holder should be a resident Indian above 18 years. For a minor, he/she should have attained more than 10 years of age at the time of opening the account.

• What's the minimum deposit amount required?

  You need to deposit a minimum of Rs.100 to open the account and thereafter in multiples of Rs.100.

• What's the RD tenure for this scheme?

  The tenure ranges from 1 year to 5 years.

• What's the interest rate charged for loans against RD?

  The applicable interest rate for loans against RD is 2% above the deposit rates.

• Does UCO Bank provide a nomination facility?

  Yes, UCO Bank recurring deposit scheme offers nomination facility provided the nomination is as per the RBI guidelines. One nominee per account is allowed for RD accounts in UCO bank, either opened singly or jointly.

• Does UCU Bank levy a penalty of premature withdrawal of recurring deposits?

  Yes, the UCO Bank levies penalty charge of 1.00% to 2.00% on premature withdrawals depending upon the tenure and term deposit amount. 

• What is the maximum interest rate on the UCO Bank RD scheme?

  The maximum interest rate offered by UCO Bank on a normal recurring deposit is 7.05%. For more details about the current interest rate on UCO Bank recurring deposit schemes, check out the official website or visit the nearest UCO bank branch. 

• Do the UCO Bank normal RD and the UCO Sowbhagya Recurring Deposit Scheme offer similar benefits?

  Yes, both the normal RD and Sowbhagya RD Scheme offered by the UCO Bank provides similar benefits along with flexibility of varying monthly installments. 

• What is the age eligibility for opening Sowbhagya Recurring Deposit Scheme (RDUSS)?

  Any Indian resident of 18 years or above can open this recurring deposit scheme. This scheme can also be opened in the name of the minor once the minor has attained 10 years of age and can read and write as well. 

• Can I deposit different amounts in RD?

  No, the normal RD account of the UCO bank does not allow you to deposit different RD amounts. While depositors can deposit flexible RD amounts on specific RD schemes such as UCO Sowbhagya RD scheme. 

• What amount TDS is deducted by UCO Bank on their RD scheme?

  The bank deducts 10.30% on the interest earned on the RDs across all the branches of UCO bank, if the interest amount exceeds Rs.10,000. 

• Does UCO Bank recurring deposit scheme offer special interest rate for senior citizens?

  Yes, senior citizens get an additional 0.25% for tenures up to 1 year and 0.50% for tenures of more than 1 year under the UCO Bank recurring deposit scheme. 

• What is the maximum tenure for UCO Bank recurring deposit scheme?

  The maximum tenure for UCO Bank recurring deposit scheme is 5 years. 

• What is the minimum deposit amount for UCO Bank recurring deposit scheme?

  The minimum deposit amount for UCO Bank recurring deposit scheme is Rs.100. 

• Can I open a UCO Bank recurring deposit account online?

  Yes, you can open a UCO Bank recurring deposit account online through UCO Bank official website. 

• Can minors open a UCO Bank recurring deposit account?

  Yes, minors can open a UCO Bank recurring deposit account jointly with their parents.