A UCO Bank Recurring Deposit (RD) is a savings scheme offered by UCO Bank where you deposit a fixed amount every month for a chosen tenure. At maturity, you receive the total deposited amount along with compound interest earned. UCO Bank offers RD interest rates up to 6.50% p.a. for general customers, providing a safe and disciplined way to grow your savings.
How Does This UCO Bank RD Calculator Help?
This calculator instantly estimates your RD maturity amount and total interest earned at UCO Bank. Enter your monthly deposit, the interest rate, and tenure to see how your savings will grow. It helps you compare UCO Bank RD returns with other banks and plan the right monthly deposit for your financial goals.
About UCO Bank Recurring Deposits
UCO Bank is a government-owned public sector bank established in 1943. It offers recurring deposits with flexible tenures from 6 months to 10 years. As a public sector bank, UCO Bank provides the security and reliability of government backing. Interest is compounded quarterly, and senior citizens receive preferential rates.
Features of UCO Bank RD
Competitive Rates: Earn up to 6.50% p.a. on recurring deposits
Flexible Tenure: Choose tenures from 6 months to 10 years
Low Minimum Deposit: Start with as little as ₹100 per month
Quarterly Compounding: Interest compounded every quarter for better returns
Government-Owned Bank: Backed by the Government of India
DICGC Insurance: Deposits insured up to ₹5,00,000
Benefits of UCO Bank RD
Disciplined Savings: Build consistent savings with fixed monthly contributions
Guaranteed Returns: Interest rate locked for the entire tenure
Senior Citizen Benefit: Additional 0.50% interest for senior citizens
Wide Branch Network: Access through UCO Bank branches across India
Nomination Facility: Nominate a beneficiary for your RD
Zero Market Risk: Guaranteed returns unaffected by market conditions
How to Use the UCO Bank RD Calculator
Step 1: Enter the monthly investment amount (₹100 to ₹1,00,000)
Step 2: Enter the annual interest rate (default 6.50% for UCO Bank)
Step 3: Select the tenure (1 to 10 years)
The calculator instantly shows your total investment, interest earned, and maturity amount with a visual donut chart breakdown.
Why Choose UCO Bank for RD?
UCO Bank is a trusted public sector bank with decades of experience in serving Indian depositors. As a government-owned bank, it offers the highest level of safety for your deposits. The bank's wide branch network and digital banking services make managing your RD convenient. With Y1 Money, you can compare UCO Bank RD rates and book your deposit in minutes.
Book RDs up to 8.30% on Y1 Money — Y1 Money partners with RBI-regulated banks to offer high-interest recurring deposits. Book an RD in under 2 minutes, no new bank account needed. All deposits insured up to ₹5 lakh by DICGC.
Frequently Asked Questions
UCO Bank offers RD interest rates up to 6.50% p.a. for general customers and up to 7.00% p.a. for senior citizens. Rates vary by tenure and are subject to periodic revision.
The minimum monthly deposit for a UCO Bank RD is ₹100. You can choose any amount in multiples of ₹10 above the minimum.
Yes, UCO Bank is a government-owned public sector bank. All deposits are insured up to ₹5,00,000 by DICGC, a subsidiary of RBI, making it one of the safest investment options.
Yes, premature withdrawal is allowed with a penalty on the applicable interest rate. The penalty varies based on tenure and the bank's policy at the time of withdrawal.
UCO Bank compounds RD interest on a quarterly basis. Each monthly installment earns compound interest for the remaining tenure. The maturity amount is the sum of future values of all installments.
Yes, TDS at 10% is deducted if total interest earned across all deposits exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year. Submit Form 15G/15H to avoid TDS if eligible.
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