UCO Bank RD Calculator

UCO Bank Recurring Deposits Explained

This UCO Bank RD calculator reproduces the quarterly compounding UCO Bank applies to each instalment, so the maturity figure above is the one a branch will confirm. Founded in Kolkata in 1943 by G.D. Birla as the United Commercial Bank and nationalised in 1969, UCO Bank retains a branch network weighted towards eastern India, alongside overseas operations in Singapore and Hong Kong that few comparably-sized public sector banks maintain.

UCO Bank RD Schemes You Can Open

UCO Bank keeps its recurring range straightforward, with the variant deciding how rigid the monthly commitment is:

• •UCO Recurring Deposit — The conventional fixed-instalment account, with tenures in three-month steps and a low minimum monthly deposit aimed at small and regular savers.
• •UCO Flexible Recurring Deposit — A variant letting the monthly contribution move within a defined band, so an income that varies month to month does not push the account into default.
• •Senior citizen and minor accounts — The rate premium UCO Bank extends to resident depositors aged 60 and above, and guardian-operated recurring accounts opened in a child’s name.

Missed Instalments and Early Closure at UCO Bank

UCO Bank RD interest rates are fixed on the opening date and hold for the whole tenure, so falling behind on instalments costs a default fee rather than a lower rate. That fee is charged per hundred rupees of the instalment per month of delay. Premature closure is permitted after the minimum period, with the payout recomputed over the shorter period the money was actually invested and a penalty applied to that rate.

How to Check UCO Bank RD Interest Rates

RD rates change with RBI policy and each bank's own treasury decisions, so no figure is quoted on this page. Take the rate applicable to your tenure from the UCO mBanking Plus app, UCO net banking, or a branch, then enter it above alongside your monthly instalment to see the exact maturity value.

What Is Specific to a UCO Bank RD

• •The eastern India branch concentration, particularly across West Bengal and the north-east, is the densest of any comparably-sized public sector bank.
• •Overseas branches in Singapore and Hong Kong make UCO a practical option where instalments are funded from abroad into a resident account.
• •UCO stayed out of the 2019 and 2020 public sector amalgamations, so its IFSC codes and deposit terms were not disturbed by a merger transition.
• •A loan against the accumulated recurring balance is available after a qualifying period, at a spread over the contracted deposit rate.

Enter the rate UCO Bank quotes for your chosen tenure above to see the exact maturity value and how the interest accrues year by year.

To compare this against another lender, or against a lump-sum deposit, use the master RD calculator or the fixed deposit calculator.