Summary
- UCO Bank has revised its domestic term-deposit rates, now offering a nominal rate of 6.45% per annum and an annualised yield of 6.83% for the 444-day tenor, effective from May 21, 2026.
- Senior citizens may qualify for an additional interest rate, potentially raising their rate to 6.95%, but eligibility must be confirmed at booking.
- The bank emphasizes that the current rate table should not be confused with an expired promotional scheme that ended on June 30, 2026.
- Depositors are reminded that FD interest is taxable and DICGC cover is capped at Rs 5 lakh across all deposits held in the same capacity at UCO Bank.
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