UCO Bank FD Calculator
Fixed Deposit Rates on Domestic deposits of less than Rs 2 crore - General Public
| Tenure | Regular Citizens |
| 7 days to 14 days | 2.55 |
| 15 days to 29 days | 2.55 |
| 30 days to 45 days | 2.8 |
| 46 days to 60 days | 3.55 |
| 61 days to 90 days | 3.55 |
| 91 days to 120 days | 3.7 |
| 121 days to 150 days | 3.7 |
| 151 days to 180 days | 3.7 |
| 181 days to 364 days | 4.4 |
| 1 year | 5.3 |
| More than 1 year to 2 years | 5.3 |
| Above 2 years to 3 years | 5.3 |
| Above 3 years to less than 5 years | 5.6 |
| 5 years and above | 5.3 |
Note: The FD interest rates are effective as of 10 May 2022
Fixed Deposit Rates on Domestic deposits of less than Rs 2 crore - Senior Citizens
| Tenure | Senior Citizens |
| 7 days to 14 days | 2.8 |
| 15 days to 29 days | 2.8 |
| 30 days to 45 days | 3.05 |
| 46 days to 60 days | 3.8 |
| 61 days to 90 days | 3.8 |
| 91 days to 120 days | 3.95 |
| 121 days to 150 days | 3.95 |
| 151 days to 180 days | 3.95 |
| 181 days to 364 days | 4.65 |
| 1 year | 5.55 |
| More than 1 year to 2 years | 5.8 |
| Above 2 years to 3 years | 5.8 |
| Above 3 years to less than 5 years | 6.1 |
| 5 years and above | 5.8 |
Note: The FD interest rates are effective as of 10 May 2022
UCO Bank Tax Saver Deposit (UCO Tax Saver Scheme) - General Public
| Tenure | Regular Citizens |
| 5 years | 5.3 |
UCO Bank Tax Saver Deposit (UCO Tax Saver Scheme) - Senior Citizens
| Tenure | Regular Citizens |
| 5 years | 5.8 |
Interest Rates on Domestic Bulk Fixed Deposits from Rs 2 crore to Rs 5 crore
| Tenure | Interest Rates (% p.a.) |
| 7 days to 14 days | 4.5 |
| 15 days to 30 days | 4.5 |
| 31 days to 45 days | 4.5 |
| 46 days to 90 days | 4.5 |
| 91 days to 180 days | 4.6 |
| 181 days to 210 days | 4.6 |
| 211 days to 270 days | 4.6 |
| 271 days to 1 year | 6.35 |
| Above 1 year to 2 years | 6.35 |
| Above 2 years to 3 years | 5 |
| Above 3 years to 5 years | 5 |
| Above 5 years | 5 |
Note: The FD interest rates are effective as of 1 July 2022
Interest rates on Non-Resident External (NRE) Fixed Deposits of less than Rs 2 crore
| Tenure | Interest Rates (% p.a.) |
| Up to 1 year | 5.3 |
| Above 1 year to 2 years | 5.6 |
| Above 2 years to 3 years | 5.6 |
| Above 3 years to 5 years | 5.9 |
| Above 5 years | 5.6 |
Note: The FD interest rates are effective as of 2 August 2022
Special NRE Fixed Deposit Rate
| Tenure | Interest Rates (% p.a.) |
| 1 year | 6.7 |
Interest rates on FCNR (B) deposits
| Currency | 1 year to less than 2 years | 2 years to less than 3 years | 3 years to less than 4 years | 4 years to less than 5 years | 5 years only |
| USD | 3.2 | 2.7 | 2 | 2 | 2 |
| GBP | 2 | 2.17 | 2 | 2 | 2 |
| EUR | 0.1 | 0.15 | 0.12 | 0.12 | 0.12 |
| JPY | 0.11 | 0.13 | 0.13 | 0.14 | 0.17 |
| CAD | 1.94 | 2.79 | 1.96 | 1.96 | 1.96 |
| AUD | 1.35 | 1.85 | 1.35 | 1.35 | 1.35 |
| CHF | 0 | 0.02 | 0.07 | 0.07 | 0.07 |
| SGD | 0.75 | 0.9 | 0.9 | 0.9 | 0.9 |
| HKD | 0.75 | 0.85 | 0.85 | 0.85 | 0.85 |
Note: The FD interest rates are effective as of 12 August 2022
Interest rates on RFC Deposits
| Currency | 1 year to less than 2 years | 2 years to less than 3 years | 3 years to less than 4 years | 4 years to less than 5 years | 5 years only |
| USD | 3.2 | 2.7 | 2 | 2 | 2 |
| GBP | 2 | 2.17 | 2 | 2 | 2 |
| EUR | 0.1 | 0.15 | 0.12 | 0.12 | 0.12 |
| JPY | 0.11 | 0.13 | 0.13 | 0.14 | 0.17 |
| CAD | 1.94 | 2.79 | 1.96 | 1.96 | 1.96 |
| AUD | 1.35 | 1.85 | 1.35 | 1.35 | 1.35 |
| CHF | 0 | 0.02 | 0.07 | 0.07 | 0.07 |
| SGD | 0.75 | 0.9 | 0.9 | 0.9 | 0.9 |
| HKD | 0.75 | 0.85 | 0.85 | 0.85 | 0.85 |
Note: The FD interest rates are effective as of 12 August 2022
Similar Calculator
More FD Calculators
UCO Bank FD Calculator
The online UCO Bank fixed deposit calculator is a viable tool for those who wish to assess the maturity amount of their UCO Bank FD schemes beforehand. These FDs offer fixed returns, but the interest rates change depending on the investment tenure. This financial institution offers a variety of schemes under which you can keep your money for a short, medium or long tenure.
If you are looking to grow your savings with UCO Bank’s fixed deposit scheme, you can take advantage of an online FD calculator to conveniently compute the returns. Here’s all the relevant information on its benefits and usage.
UCO Fixed Deposit (FD) Calculator
UCO bank has a variety of fixed deposit schemes for different individual preferences. UCO Bank revised its fixed deposit interest rates and it offers interest rates between 2.90% to 6.75% p.a. for regular individuals and 3.15% to 7.25% for senior citizens for amounts deposits below ₹2 crore.
It is critical to learn about the returns to make an informed decision. An online UCO Bank FD calculator will help you to compute efficiently the interest that your money will earn when kept in an FD. When using the UCO Bank FD calculator, you simply need to input interest rates, investment tenure and deposit amount and it will provide accurate output seamlessly.
How Does the UCO Bank FD Calculator Work?
To use this online device to avoid the hassle of manual calculation, you simply need to enter an investment amount in the “Total Investment” box.
Now drag the cursor to draw the purple slider until reaching your desired tenure. You can also enter the number of years in the required box. Upon entering the interest rate the screen will display the estimated return and total value effectively.
Additionally to find the suitable FD investment option you can change the figures to compare the returns across different investment tenure and deposit amount.
Fixed deposit is of two types: simple interest FD and compound interest FD.
To calculate simple interest amount the required formula is:
M= P+ (PXRXT/100)
Where,
- M is the maturity
- P stands for the investment amount
- R is the rate of interest, and
- T is investment tenure.
The required formula for calculating maturity amount for compound interest is:
A = P (1+ R/N) ^ N*T,
In this given formula,
- A is the amount at maturity
- N is times when interest is compounded within a period
- P stands for a principal amount
- R is the fixed deposit interest rate of UCO BankT is investment tenure.
To understand the calculation procedure precisely, let’s consider an example mentioned below:
Suppose you invested ₹1 lakh for 10 years at a yearly compounding interest rate of 6.30% p.a. The total maturity amount you will earn after 10 years will be:
A = 100000 (1+0.063/1) ^ 1 x 10
A = ₹1,84,218
So, the total interest earned is A-P = ₹ (100000 – 84,218) = ₹84,218.
Benefits of an Online UCO Bank FD Calculator
Check out some of the notable benefits of an online UCO Bank fixed deposit FD calculator:
- Convenient and Handy
The UCO Bank FD calculator comes in handy for faster and error-free interest calculation. It is completely automated and hence removes all hassle of manual calculations. This calculator efficiently determines how much and how long you need to invest to get your desired return. - Free to Use
The best part of using this calculator is, it is readily available across portals and there is no restriction on its usage. You can use it multiple times to make a better choice on how you want to invest. - Easy Calculation
As discussed, UCO Bank provides multiple FD rates depending on the chosen tenure. However, there are major factors that can affect your yield, including interest rate, investment tenure, deposit amount, and compounding frequency.In this regard, this online calculator takes all these different considerations into account so that you can easily calculate the maturity amount without any hitch. Upon entering different variables, this calculator will provide the result with utmost precision and accuracy.The Upstox UCO Bank Fixed deposit is an excellent tool to find maturity of your fixed deposits. The UCO Bank FD calculator makes it much simpler and stress-free.
Frequently Asked Questions
What is the maximum interest rate that you can get from UCO Bank FDs?
The highest interest rate offered by this bank is 6.75% p.a. for the tenure of 666 days for general individuals and 7.75% for senior citizens. This is valid for investment of less than ₹2 crore.
What is the lock-in period of UCO Bank tax-saver FD scheme?
The lock-in period for the tax saver deposit is 5 years.
Are there any premature withdrawals on FD?
Yes, there is a premature withdrawal facility, where you can withdraw your money before the maturity tenure.
What is the penalty for early withdrawal in UCO Bank FD?
For premature withdrawal, the bank will charge a penal interest rate of 1% on the rate of interest on the deposit date.
What is the minimum amount to invest for UCO Bank FD?
You can open a UCO Bank FD account with a minimum amount ₹1000. Moreover, this financial institution has not set any maximum amount yet. So depending on your financial ability, you can choose any higher amount.
Can a customer invest in UCO Bank FD online?
Yes, you can easily invest in FDs online. This specific facility is available via the bank’s official websites. Also, you need to have an internet banking account to open FD online.
Is there any special interest rate for senior citizens?
Yes, a senior citizen gets an additional interest rate of 0.50% more than general individuals.
Does UCO Bank provide an auto-renewal facility for fixed deposits?
Yes UCO Bank offers an auto-renewal facility if you wish to extend the deposit tenure.
Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.