Latest UCO Bank RD Interest Rates: All You Need to Know

Putting aside small amounts every month is often easier than saving a big sum at once. That’s where recurring deposits (RDs) work well. You invest a fixed amount every month and get assured returns when the term ends.

UCO Bank, one of India’s trusted public sector banks offers RDs that are safe and easy to manage. The current UCO Bank RD interest rates 2025 are between 2.90% and 6.30% for the general public. Senior citizens can earn up to 6.55%. 

Read on to explore the latest rates, features and available schemes.

What is a UCO Bank RD Scheme?

A recurring deposit with UCO Bank lets you deposit a fixed amount every month for a set tenure. At maturity you receive your savings along with the interest earned. The UCO Bank recurring deposit interest rate is the same as the bank’s term deposit rates. This means you get fixed returns without worrying about market changes.

UCO Bank RD Interest Rates 2025

Here are the latest UCO Bank RD interest rates 2025 for deposits below ₹3 crore:

Maturity Period	General Public (p.a.)	Senior Citizen (p.a.)
7 – 14 days	2.90%	3.15%
46 – 90 days	3.50%	3.75%
181 – 332 days	5.00%	5.25%
333 days (special)	6.30%	6.55%
1 year	6.25%	6.50%
2 – 3 years	6.15%	6.40%
3 – 5 years	6.10%	6.35%
Above 5 years	6.00%	6.25%

These are the card rates published by the bank and can change if revised. Senior citizens get 0.25% to 0.50% extra, while retired staff can earn up to 1.5% more.

Types of UCO Bank RDs

UCO Bank offers more than just regular RDs:

• UCO Sowbhagya RD

A flexible plan where you can vary monthly deposits. The minimum monthly deposit is ₹100 and the tenure ranges from 1 to 5 years. No penalty for delays.

• UCO Sanchayika RD

A special RD for women. The minimum deposit is ₹2,000 per month with a tenure ranging from 1 to 5 years. Comes with accidental insurance cover up to ₹1 lakh on 5-year deposits. Senior citizen women and staff enjoy extra interest benefits.

These products give savers more choice based on their needs.

Features of UCO Bank Recurring Deposits

• Minimum deposit starts at ₹100 per month
• Maximum deposit is less than ₹10 lakh for regular RD. And up to ₹2 crore for Flexi schemes
• Tenures range from 1 year to 10 years
• Auto-debit from your savings account is available 
• Loan facility up to 90% of the RD balance
• Premature withdrawal allowed with a penalty on interest
• Nomination facility available

How to Apply for a UCO Bank RD?

Opening a UCO Bank RD is simple. You can apply if you are an individual, a minor with or without a guardian, HUF, firm, company, trust, club or society. Women above 18 years can also apply under the Sanchayika scheme. Opening an RD is simple:

• Online: Log in to internet banking or the UCO app, select RD, enter instalment and tenure and confirm
• Branch: Visit any UCO branch, fill the RD form and submit KYC documents like PAN, Aadhaar or voter ID

Tax Rules on UCO Bank RDs

Interest earned on RDs is taxable under your income tax slab. TDS applies if yearly interest crosses ₹40,000 (₹50,000 for senior citizens). You can submit Form 15G or 15H if your income is below the taxable limit.

What to Remember Before Opening a UCO Bank RD?

• Rates can change: UCO Bank recurring deposit interest rate is linked to term deposits and may be revised
• TDS applies: Deducted once the annual interest crosses the limit
• Penalty: Premature closure attracts a 0.50% to 1.00% penalty
• Senior citizen benefit: Extra interest available
• Tenure choice: Longer periods may fetch slightly higher returns

Comparison with Central Bank of India RD Interest Rates 2025

Central Bank of India RD interest rates 2025 range between 3.50% and 6.50% for the general public. And 4.00% to 7.00% for senior citizens. The UCO Bank RD interest rate is broadly in line. But special schemes like Sanchayika make it more attractive for women customers.

A recurring deposit with UCO Bank is a safe and simple way to save. The UCO Bank RD interest rate ensures steady growth, while special schemes add flexibility and benefits. Whether you are saving for short-term goals or long-term plans, UCO RDs help you stay disciplined.

Prefer to invest in one go? Fixed deposits work well for that. Fibe lets you book an FD starting from ₹1,000 with great rates and a quick online process. All it takes is just a few clicks to get your investment journey started!

FAQs on UCO Bank RD Interest Rates 

Are UCO Bank RD interest rates better than FD rates?

UCO Bank RD interest rate are the same as fixed deposits of similar tenures. The only difference is that FDs are for a lump sum while RDs build savings monthly. 

Are RD rates the same across all UCO Bank branches?

Yes. The UCO Bank RD interest rates 2025 are uniform across all branches.

Can I change my monthly instalment amount in a UCO Bank RD?

No. In a regular RD, the amount is fixed. But with UCO Sowbhagya RD, you can vary deposits every month.