This scheme is valid till 31st December 2022. At the same time, the bank has increased the interest rates of FDs of less than Rs 2 crore by 47 basis points. According to the bank’s website, the new rates are effective from 8 November 2022.

FD Special Scheme

At least Rs 10,000 can be deposited in UCO Bank’s Special Fixed Deposit scheme. Thereafter, investments can be made in multiples of Rs.1,000. A maximum amount of Rs 2 crore can be deposited in this scheme.

UCO 444 Fixed Deposit Scheme

In UCO Bank’s UCO 444 Deposit Scheme, common citizens will get 6.15% interest while senior citizens will get 6.65% return. This scheme is of 444 days. In this scheme, there is facility to take overdraft and loan against deposits. Staff, ex-staff will get 1% more interest while ex-staff senior citizens will get 1.50% extra interest.

UCO 666 FD Scheme

In the UCO 666 FD scheme, 6.25% interest is being offered to common citizens and 6.75% to senior citizens. Minimum Rs 10,000 and maximum less than Rs 2 crore can be deposited in this scheme.

New interest rates

According to the website of UCO Bank, the bank has increased the interest rate on FDs maturing in 7 days to 29 days by 35 bps from 2.55% to 2.90%. On the other hand, on fixed deposits maturing in 30-45 days, UCO Bank increased the interest rate by 20 bps from 2.80% to 3.00%. The bank is now offering an interest rate of 3.50% on FDs maturing in 46-90 days. UCO Bank increased the interest rate on FDs maturing in 91-180 days by 5 bps from 3.70% to 3.75%.

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