Rates verified from official source

UCO Bank interest rates · November 2026

Top FD rate
6.70%
535 days · UCO 535
Senior citizen FD
7.20%
535 days · UCO 535
Top RD rate
6.70%
535 days
Savings rate
2.50%
Upto ₹10 lakh
Top NRE FD rate
6.45%
444 Days
Top FCNR(B) rate
4.75%
USD · 1 Year to less than 2 Years

UCO FD rates

1 year6.10%Senior 6.35%3 years6.00%Senior 6.50%5 years6.00%Senior 6.50%
All tenures, calculator and comparison →

What will my FD earn at UCO?

Estimated value after 1 year · before tax ₹5,31,205 6.10% p.a. · ₹31,205 interest · quarterly compounding
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Plan your recurring deposit at UCO

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Before opening an RD

Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.

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Overview

UCO Bank (UCO) is a nationalised public sector bank, headquartered in Kolkata, established in 1943. Its headline 1-year FD rate of 6.10% is 0.17% below the public sector average of 6.27%, ranking #809 of 1033 banks on RateScan.in.

Headquarters
Kolkata
Established
1943
Branches
~3,200 approx.
Monitored since
18 Sept 2026
Ownership
Government of India (majority stakeholder)
Operates in
All India (nationwide)

Figures marked “approx.” are rounded public estimates as of 2024.

Financial health
CRAR
16.47%
Capital adequacy
Net NPA
0.63%
Bad loans (net)
Credit rating CARE
AA
Rating details ↓

Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.

Rates verified from official source. Majority Government-of-India owned: deposits insured by DICGC up to ₹5,00,000.

RBI record

Every RBI press release since 1 Jan 2024 that names UCO Bank, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.

A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.

  1. RBI fined the bank ₹38.60 lakh

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Periodicity of payment of interest on savings deposits’, ‘Locker Rent’ and ‘Credit Information Reporting in respect of Self Help Group (SHG) members’”

    What RBI found

    “The bank did not pay any interest on certain Savings Bank Deposit accounts; The bank did not report credit related Self Help Group member level data to Credit Information Companies; and The bank did not refund the proportionate amount of advance locker rent collected in case of premature surrender of locker by certain customers.”

    RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2025-2026/2148

  2. RBI fined the bank ₹2,68,30,000

    RBI's reason: “for contravention of provisions of section 26A of the Banking Regulation Act, 1949 (BR Act), and non-compliance with certain directions issued by RBI on 'Interest Rate on Advances', 'Opening of Current Accounts by Banks - Need for Discipline', 'Interest Rate on Deposits' and 'Frauds classification and reporting by commercial banks and select FIs'”

    What RBI found

    “The bank: failed to benchmark floating rate personal/ retail loans and loans to MSME to an external benchmark; opened certain current accounts of non-constituent borrowers, whose exposure to the banking system was ₹5 crore or more; opened certain savings deposit accounts in the name of ineligible entities; marked lien against certain NRE savings deposits; failed to transfer unclaimed balances in certain fixed deposits, which remained unclaimed for a period of more than ten years, to Depositors Education and Awareness Fund, within a period of three months from the expiry of the said period of ten years; and failed to report certain cases of fraud to law enforcement agencies.”

    RBI says: “The action is based on deficiencies in statutory and regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2024-2025/1010

This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.

Branches

3,427 branches in 565 districts

Most branches: Kolkata 83, Delhi 63, Jaipur 55

From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.

UCO Fixed Deposit rate changes

Changes to UCO's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 18 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.

13 Nov 2026
▼ 3 cut−2.06 to −1.01 pp
  • 181 to 210 days · Above ₹100 crore · General7.11% → 5.05% 2.06 pp
  • 211 to 270 days · Above ₹100 crore · General7.11% → 5.05% 2.06 pp
  • 1 year · Above ₹100 crore · General7.21% → 6.20% 1.01 pp
Bank's rate page ↗
11 Nov 2026
▼ 1 cut▲ 3 raised−1.61 to +2.06 pp
  • 181 to 210 days · Above ₹100 crore · General5.05% → 7.11% 2.06 pp
  • 211 to 270 days · Above ₹100 crore · General5.05% → 7.11% 2.06 pp
  • 271 to less than 1 year · Above ₹100 crore · General7.11% → 5.50% 1.61 pp
Show all 4 changesShow fewer
  • 1 year · Above ₹100 crore · General6.20% → 7.21% 1.01 pp
Bank's rate page ↗
10 Nov 2026
▲ 3 raised+0.21 to +1.61 pp
  • 271 to less than 1 year · Above ₹100 crore · General5.50% → 7.11% 1.61 pp
  • above 1 year to 399 days · Above ₹100 crore · General6.90% → 7.11% 0.21 pp
  • above 1 year to 399 days · Above ₹50 crore to ₹100 crore · General6.90% → 7.11% 0.21 pp
Bank's rate page ↗

Showing the latest 10 of 83 recorded changes.

See all UCO rate changes →

Credit rating

What independent credit rating agencies say about UCO Bank. Every rating links to the document it comes from, so you can check it yourself.

AA
Headline rating
Basel III Tier II bonds · CARE · Stable
High safety: very low credit risk
Latest rating action: 12 Jan 2026
AgencyInstrument RatingOutlook PublishedSource
CARE Basel III Tier II bonds ₹500 cr AA Stable Reaffirmed
12 Jan 2026
 Agency rationale

Note: We found one current domestic rating for UCO Bank (CARE). Other agencies may also rate it; we list only ratings we can match to a published document.

How to read these ratings
  • Scale: AAA is the highest long-term grade (lowest credit risk), then AA (very low risk), A (low risk) and BBB (moderate risk, the lowest investment grade). A + or − moves a grade up or down a notch. Short-term ratings such as A1+ cover obligations of up to a year.
  • Outlook: Stable, Positive or Negative is the agency's view of where the rating is likely to go over the next one to two years. Rating watch means the agency is reviewing the rating after a specific event, such as a change of owner.
  • Instrument: a rating belongs to a specific instrument, not to the whole bank. Tier I (AT1) and Tier II bonds can be written down if the RBI declares a bank non-viable, so they are usually rated no higher than the bank's deposits.
  • Headline grade: we use the rating on fixed deposits where an agency gives one; otherwise the issuer or Tier II rating. We take each agency's latest rating and show the lowest, so the headline is never more generous than any agency's latest view.
  • A rating is an opinion about the ability to repay on time. It is not a guarantee or a recommendation. Whatever the rating, deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank (principal and interest together).

Sources: we list a rating only when we can point to the document that states it: the agency's own rating rationale, the bank's Regulation 30 filing on the NSE or BSE, a rating letter, or the bank's own rating page. A weekly automated check re-opens each linked document to confirm it still shows the grade and scans stock-exchange announcements for new rating filings. Last checked: 9 Nov 2026.

Check it yourself: CRISIL · ICRA · CARE · India Ratings · Infomerics

Ratings change. Confirm the current rating with the agency before you invest. This is information, not investment advice.

Good to know

  • Deposits with UCO Bank are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
  • UCO is a public sector bank, majority owned by the Government of India. Deposit insurance is still the DICGC cover above.
  • Senior citizens (60+) earn up to 0.50% p.a. more than general customers at UCO, depending on the tenure.
  • UCO's FD table includes 4 special schemes; check eligibility and end dates.
official Effective unavailable · Ingested 3 Oct 2026 · Verified 13 Nov 2026 · View source

Informational only. Always confirm the current rate on the official UCO website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.