UCO Sowbhagya Recurring Deposit Scheme offers you the facility to relish on alll the facilities that is provided by a normal recurring deposit along with the compensation of flexible monthly installments for a higher yield on you deposit at the time of maturity.
|Benefits||Senior Citizen/ Staff/Ex-staff working in UCO Bank gets to enjoy an additional rate of interest over and above the applicable ROI relevant to the bank’s terms and conditions.|
|Eligibility||· Individual in his or her name (sole or joint)
· Minors (on behalf of their guardian/parents)
· Educational Institutions
· Partnership provided they are registered and joint firms.
|Age of the Account holder||· This account could be opened by resident Indian above 18 years of age.
· In the name of the minor above 10 years of age who can read and write under the terms and conditions of the bank.
|Minimum Amount||The minimum amount to be deposited is Rs 100 in a single month and thereafter in multiples of rs 100.|
|Maximum Amount||The maximum amount of deposit is Rs 1 lac per month.|
|Tenure||The minimum period of deposit is 12 months and the maximum deposit period is 60 months.|
|Rate of Interest||Rate of Interest is applicable as same the Term Deposit.|
|Loans||Loans are allowed to subject to a maximum of 90% of this particular scheme (RDUSS) amount deposited and the interest charged by the bank will be 2% above the deposit rate.|
Other Scheme of Union Bank
UCO Bank Monthly Income Scheme – Interest Rates
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