UCO Bank is giving good interest rates on savings schemes for customers. Here we will tell you about UCO Bank’s FD scheme. If a person deposits Rs 2 lakh in this FD, he can get Rs 28,200 interest on maturity. The best thing about this FD is that it gives a fixed interest rate with a guarantee. Anyone can open an FD account in UCO Bank for a time period of 7 days to 10 years. UCO Bank is giving interest rates from 2.90 percent to 7.95 percent on its FDs (only for retired senior employees).
UCO Bank 444-day FD
UCO Bank gives the best interest in the 444-day FD plan. General people get 6.45%. Senior citizens get 6.95%. Retired senior staff get 7.95%. If you put ₹2,00,000 for 2 years, a general person will get ₹2,25,965. This has ₹25,965 as interest. A senior citizen will get ₹2,28,200. This has ₹28,200 as interest.
SBI and Indian Bank 444-day FD
SBI also has a 444-day FD plan. General people get 6.60%. Senior citizens get 7.10%. If you put ₹2,00,000, a general person will get ₹2,16,577. A senior citizen will get ₹2,17,876.
Indian Bank gives a little more. General people get 6.70%. Senior citizens get 7.20%. If you put ₹2,00,000, a general person will get ₹2,16,837. A senior citizen will get ₹2,18,137.
UCO Bank Special FD Scheme
UCO Bank has a scheme called the Tax Saver FD. In this scheme, you can take out a part of your deposit before time. The remaining money will still earn interest. Withdrawal can be done in steps of ₹5000. This scheme is very helpful in emergencies. Anyone can open this account. A Hindu Undivided Family (HUF) can also open it. Two adults together, or one adult with one minor, can also open it. In a joint account, the tax benefit under Section 80C will be given only to the first holder. The minimum deposit is ₹100. The maximum deposit is ₹1.5 lakh in one year, from 1 April to 31 March. The deposit must be kept for at least 5 years. The money will be paid after 5 years. The interest rate in this scheme is the same as the 5-year fixed deposit rate.