We often discuss about Fixed Deposit Schemes by State Bank of India, Post Office or any other very popular banks. But we rarely said about the FDs offering by the UCO bank. Not one or two, UCO bank has five different types of Fixed Deposit Schemes, in which three schemes are considered as special.
Types of FD schemes in UCO Bank
UCO Bank is one of the leading public sector banks. It offers a variety of services, including fixed deposits (FDs) and recurring deposits. Currently, this public sector bank offers five special FD schemes to its customers. These include the Kuber Scheme, UCO Green Deposit, UCO 444 Day Fixed Deposit Scheme, UCO 333 Day Fixed Deposit Scheme, and UCO Tax Saver FD Scheme.
Currently, the bank offers interest rates ranging from 2.90% to 6.45% on fixed deposits for general citizens. Senior citizens are also receiving an additional 0.25% return on fixed deposits of less than one year and 0.50% on fixed deposits of more than one year. Regular FDs offer investments ranging from seven days to more than five years. The last interest rate change was made on August 26, 2025.
The UCO 444-day Fixed Deposit Scheme is a domestic term deposit product. Investments under ₹3 crore are allowed. The minimum investment limit is ₹10,000. The bank offers 6.45% interest for general citizens and 6.95% for senior citizens. Overdraft and loan facilities are also available. Premature withdrawals are also available. Customers can avail of this scheme until December 31, 2025.
UCO 333 Days is also a special fixed deposit scheme of UCO Bank. The bank offers 6.30% interest for general citizens and 6.55% for senior citizens. Investments can range from less than ₹10,000 to ₹3 crore. The bank also offers monthly income scheme options and loan facilities. Nomination and premature withdrawal are also permitted. The term of this scheme is also set for December 31, 2025.
Short descriptions about 3 special FD schemes:
UCO Green Deposit Scheme: This is one of the bank’s special FD schemes. It offers four tenure options: 12 months, 1000 days, 2000 days, and 3000 days. The minimum investment amount is ₹10,000. There is no maximum investment limit.
Kuber Scheme: This is one of UCO Bank’s special HDD schemes. It is a long-term fixed deposit scheme. The minimum investment amount is ₹1,000. The minimum tenure of the scheme is 6 months and the maximum is 120 months. The total interest amount under this scheme is paid at maturity.
UCO Tax Saver FD Scheme: The tenure of this fixed deposit scheme should not exceed 5 years. The minimum investment limit is only ₹100. The maximum investment limit is ₹1.5 lakh. The bank currently offers 6% interest for general citizens and 6.50% for senior citizens under this scheme. Tax exemption is available under this scheme.