Features
| Benefits | Senior Citizens, staff working in UCO bank, Ex-Staff who worked in UCO bank, Senior Citizen Ex-staff Of Uco Bank shall gain special benefits of earning incentives as per the existing norms. |
| Eligibility | Individuals (sole or jointly) |
| KYC | Applicable,
· Proof of Identification. · Proof of Residence is required to fulfill the KYC norms. |
| Tenure | The time period of deposit is up to 5 years. |
| Minimum Amount | The minimum amount of deposit is Rs 50,000 and thereafter multiples of Rs 10,000 must be paid. |
| Maximum Amount | The maximum amount of deposit is up to Rs 1 lac. |
| Payment of Interest | The interest is compounded on a monthly interest plan. |
| Premature withdrawal | Available, although if you withdraw the amount before the time of maturity then interets will be calculated at 1% below the rate applicable for the card rate under the normal fixed deposit has remained with the bank as on the date of deposit and not the contractual rate. |
| Loan/Overdraft Facility | Available , as per the rules and regulation of the bank. |
| Nomination facility | Available |
| TDS | Tax is deducted at souce as per the rules and regulations of the Income Tax. |
| Transferability | Not transferable.
However, the deposit is transferable within the same name and the same branch. |
Other Scheme of Union Bank
UCO Bank Sowbhagya Recurring Deposit Scheme
Uco Bank Kuber Yojna – Schemes & Interest Rates
UCO Bank Smart Kids Smart Saving Bank Scheme
UCO Bank Saral Saving Deposit Scheme – Features & Interest Rates
UCO Bank Basic Current Account – Features & Interest Rates
