This article is to inform you about a fantastic investment scheme offered by UCO Bank. This popular bank has some unique schemes for the customers. One of their attractive schemes is Fixed Deposit Scheme, from there you can get a good amount of return. If you invest Rs, 1,00,000, then how much amount will you get as a fixed interest? Let’s see.
The special thing about FDs is that they offer absolutely fixed interest with guarantee. You can open an FD account in UCO Bank for a period ranging from 7 days to 10 years. UCO Bank is offering interest rates ranging from 2.90 percent to 7.95 percent (only for retired senior citizen staff) on FDs to its customers.
UCO Bank Fixed Deposit Scheme Details
UCO Bank is offering the highest interest rate of 6.45 percent to general citizens and 6.95 percent to senior citizens on its 444-day special FD scheme. UCO Bank is offering 7.95 percent interest to its retired senior citizen staff on its 444-day FD scheme. It should be noted that UCO Bank offers 1.25 percent higher interest to its retired senior citizen staff on FD schemes of less than 1 year and 1.50 percent higher interest than normal on FD schemes of more than 1 year.
How to get maximum profit from it?
If you are a normal citizen and deposit Rs 1 lakh in a 3-year FD with UCO Bank, you will receive a total of Rs 1,20,093 on maturity, which includes a fixed interest of Rs 20,093. If you are a senior citizen and deposit Rs 1 lakh in a 3-year FD with UCO Bank, you will receive a total of Rs 1,21,879 on maturity, which includes a fixed interest of Rs 21,879. Let us tell you that under the FD scheme, you get a fixed amount of interest after a fixed period and there are no ifs and buts in this.
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