UCO Bank FD Calculator
Use the FD calculator below to know the maturity amount for your FD with UCO Bank. Simply enter the total investment amount, rate of interest and period to get the estimated amount.
This user-friendly tool allows customers to calculate their potential returns on FD deposits with ease. By
entering the principal amount, tenure, and applicable interest rate, customers can get accurate calculations of
the maturity amount and interest earned.
The UCO Bank Online Fixed Deposit Calculator helps customers, experience the convenience of online banking and optimise their FD investments with UCO Bank.
UCO Bank FD Rates
UCO Bank offers attractive interest rates, based on chosen deposit amounts and tenures. With
flexible terms ranging from short-term to long-term investments, it caters to diverse financial goals. UCO Bank
empowers you to choose the option that best aligns with your financial aspirations.
With investment in a UCO Bank Fixed Deposit, you experience the security and reliability of a trusted institution.
In the table given below, please see the breakdown of the current fixed deposit rate of UCO Bank for different tenures:
| Tenure | Interest Rates for Public (p.a.) | Interest Rates for Senior Citizen (p.a.) |
|---|---|---|
| 7 days to 180 days | 2.75%-4.90% | 3.15%-5.30% |
| 181 days to 270 days | 3.00%-5.10% | 3.40-5.50% |
| 271 days to 332 days | 3.25%-5.25% | 3.65%-5.75% |
| 333 days to 1 year | 3.50%-6.05% | 3.90%-6.45% |
| Above 1 year, up to 2 years | 4.45%-6.20% | 3.90%-6.45% |
| Above 2 years, up to 3 years | 4.75%-6.50% | 5.25%-7.00% |
| Above 3 years, up to 5 years | 5.00%-6.75% | 5.50%-7.25% |
| 5 years and above | Contact Bank for Latest Rates | Contact Bank for Latest Rates |
How Can UCO Bank FD Calculator Help
When it comes to Fixed Deposits (FDs), it’s natural to get confused by the options
available. However, with the Fixed Deposit Calculator by UCO Bank, it is easier for you to navigate the
complexities of FDs effortlessly. You can calculate interest rates, tenures, and payout frequencies, empowering
you to make well-informed investment decisions with confidence.
Here’s how the UCO FD Calculator can assist you:
- Estimate Potential Returns: Enter your desired
deposit amount, tenure, and interest rate to see projected maturity amounts. This allows you to visualise
potential returns and plan your finances accordingly. - Compare Different Options: Analyse various FD
schemes offered by UCO Bank, comparing interest rates, tenures, and payout frequencies. This helps you choose
the option that best aligns with your financial goals and risk tolerance. - Simplify Calculations: Eliminate the need for
manual calculations and complex financial spreadsheets. The calculator provides instant results, saving you time
and effort. - Increase Financial Confidence: Gain transparency
into potential returns and make informed investment decisions based on accurate information. This approach
fosters financial confidence and empowers you to take control of your future. - Free and accessible: Utilise the UCO FD
Calculator conveniently online, anytime, anywhere. No registration or account creation is required, making it
easily accessible to everyone.
How to Use UCO Bank Fixed Deposit Calculator
Investing in the UCO Bank’s Fixed Deposit (FD) scheme can be a wise decision for your
financial future. However, choosing the right FD option and maximising your returns can seem complex. This is
where the FD Calculator comes in – a user-friendly tool designed to simplify your investment journey.
Here’s how to use the UCO Bank FD Calculator effectively:
- Access the Calculator: Visit the fixed deposit calculator page.
- Enter Required Information: In the designated fields, enter the following information:
- Deposit Amount: The principal amount you intend to invest.
- Interest Rate: Choose the desired interest rate from the available options based on your chosen tenure.
- Tenure: Select the investment period (in years) that best suits your financial goals.
- Analyse the Results: Once you enter the
information, the calculator will instantly display:- Maturity Amount: The total amount you will receive at the end of the investment period, including
your principal and accumulated interest. - Interest Earned: The total amount of interest you will earn over the investment period.
- Monthly Interest: (Optional) The estimated monthly interest you will earn, if applicable.
- Maturity Amount: The total amount you will receive at the end of the investment period, including
- Explore Different Options: Utilise the calculator
to compare various FD options offered by UCO Bank. - Make an Informed Decision: Based on the
calculated results and your financial goals, choose the UCO Bank FD scheme that best aligns with your investment
strategy.
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Formula to Calculate UCO FD Maturity Amount
Estimating the maturity amount of your UCO Bank Fixed Deposit (FD) is a crucial step in planning
your financial future. While the UCO Bank FD Calculator provides an easy way to do this, understanding the
underlying formula can be beneficial for financial literacy and personal verification.
A=P (1+rn)n * t
where,
A is the maturity amount,
P is the principal amount, ,
r is the annual interest rate,
n is the number of times interest is compounded per year,
t is the tenure in years.
Example:
Suppose you are investing ₹1,00,000 in a Fixed Deposit with UCO Bank at an annual interest
rate of 6.75%, compounded quarterly for 5 years. Using the formula:
A= ₹1,00,000× (1+ 6.75/(4*100))^(4×5)
A= ₹1,00,000× (1+.016875)^20
A= ₹1,00,000×
1.39749868
Calculating the value:
A= ₹1,39,750/-
The maturity amount for an investment of ₹100,000 in a UCO Bank FD with a 6.75% annual
interest rate compounded quarterly over 5 years would be approximately ₹1,39,750/-
UCO Bank Fixed Deposit Interest Calculation
Gaining a clear understanding of how UCO Bank calculates interest on your Fixed Deposit
(FD) is essential for accurately predicting your returns and making informed financial decisions.
By staying informed about UCO Bank’s interest calculation methods, you can make strategic
choices that align with your financial objectives and maximise the potential returns on your FD.
CI=P(1+rn * 100)n * t- P
Here,
C.I represent the compound interest,
P is the principal amount,
r is the
annual interest rate,
n is number of compounding in a year,
t is the tenure in years.
Example:
Let’s consider an example where you invest ₹100,000 in a UCO Bank FD with an annual
interest rate of 5.50% for a tenure of 4 years, compounded quarterly. Using the compound interest formula:
C.I = ₹1,00,000×(1+ 5.50/(4*100))^4 − ₹1,00,000
C.I = ₹1,00,000×(1.2442) − ₹1,00,000
Calculating the value:
C.I = ₹24,421/-
Here, the compound interest earned for a 4-year tenure would be approximately ₹24,421/-.
With the formula, you can accurately gauge the returns on your Fixed Deposit.
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Check other Banks FD Calculators from below:
Also, check Small Finance Banks FD Calculators from below:
Scheme-Wise UCO Bank Fixed Deposits Interest Rate
Investing in Fixed Deposits (FDs) offers a secure and reliable way to grow your savings.
Whether you seek flexible tenures, attractive returns, or tax benefits, UCO Bank has the right FD option for
you.
UCO Bank, a trusted financial institution, caters to your individual needs with a diverse
range of FD schemes.
There are 5 main types of Fixed Deposit (FD) schemes available for UCO Bank:
- Regular Fixed Deposits: Flexible tenures, competitive interest rates, and secure investment
options. - Tax Saver Fixed Deposits: Offers tax benefits under Section 80C of the Income Tax Act, suitable
for long-term tax planning. - Senior Citizen Fixed Deposits: Higher interest rates for senior citizens, secure investment
option. - Recurring Fixed Deposits: Regular savings option, suitable for building wealth over time.
- Special Fixed Deposits: Periodically offered with attractive interest rates and tenures.
UCO Bank Regular Fixed Deposits:
| Feature | Description |
|---|---|
| Minimum Deposit | Rs.1,000 |
| Maximum Deposit | No limit |
| Interest Rate | Ranging from 2.75% to 7.05% |
| Tenure | 7 days to 10 years |
| Frequency of Interest Payment | Monthly, Quarterly, Half-Yearly, Yearly |
| Premature Withdrawal Allowed | Allowed with penalty |
| Nomination Facility | Available |
| Automatic Renewal | Available |
| Tax Benefits | No tax benefits under Section 80C |
| Security | Deposits insured up to ₹5 lakhs by DICGC |
UCO Bank Tax Saver Fixed Deposits
| Feature | Description |
|---|---|
| Minimum Deposit | Rs 1000 |
| Maximum Deposit | No limit |
| Interest Rate | Ranging from 6.75% to 7.05% |
| Tenure | 5 years(mandatory) |
| Interest Payment Frequency | Monthly, quarterly, half-yearly or yearly |
| Premature Withdrawal | Allowed with penalty and loss of tax benefits |
| Automatic renewable | Not available |
| Nomination | Available |
| Tax Benefits | Tax deduction under Section 80C of the Income Tax Act up to ₹1.5 lakh per annum |
| Security | Deposits insured up to ₹5 lakhs by DICGC |
UCO Bank Senior Citizen Fixed Deposits
| Feature | Description |
|---|---|
| Minimum Deposit | Rs 100 |
| Maximum Deposit | No limit |
| Interest Rate | Higher than regular FDs, ranging from 3.15% to 7.40% |
| Tenure | 1 year to 10 years |
| Interest Rates | Competitive, ranging from 5.00% to 5.50% |
| Interest Payment Options | Interest is compounded quarterly and credited to your account on maturity. |
| Premature Withdrawal | Allowed with penalty |
| Automatic Renewal | Available |
| Nomination Facility | Available |
| Tax Benefits | No tax benefits under Section 80C |
| Security | Deposits insured up to ₹5 lakhs by DICGC |
Advantages of Using UCO Bank Fixed Deposit Calculator
With its accurate calculations and user-friendly interface, the UCO Bank calculator offers
several advantages that can streamline your decision-making.
- Accurate Calculations: The UCO Bank FD Calculator provides precise calculations of the maturity
amount and interest earned on your fixed deposit. - Timesaving: Instead of manually calculating the potential returns on your FD, the UCO Bank FD
Calculator quickly generates results within seconds. - Flexibility: The calculator allows you to input different variables, such as the principal amount,
tenure, and interest rate. - User-Friendly Interface: The UCO Bank FD Calculator is designed with a user-friendly interface,
making it easy for customers to navigate and input the required information effortlessly. - Personalised Planning: By using the FD Calculator, you can customise your investment parameters to
match your financial goals. - Transparency: The UCO Bank FD Calculator promotes transparency by providing clear calculations of
potential returns.
Incorporating the UCO Bank FD Calculator into your financial planning process can simplify
your decision-making and provide valuable insights into your fixed deposit investments.
Take advantage of this useful tool to optimise your savings and work towards your financial
aspirations.
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Frequently Asked Questions
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