UCO Bank

NRI Schemes

(A) RATE OF INTEREST ON NON-RESIDENT EXTERNAL (NRE) TERM DEPOSITS

i) For Term Deposits less than Rs. 2.00 Crore w.e.f. 10.06.2020

Sr. No. Deposit Period Less than Rs. 2.00 Crore
1

1 Year

5.50%

2

Above 1 Year upto 2 Years

5.50%

3

Above 2 Years upto 3 Years

5.50%

4

Above 3 Years to Less than 5 Years

5.45%

5

5 Year and above

5.45%

ii) For Bulk NRE Term Deposits Rs. 2.00 Crore and above upto & including Rs. 5.00 Crores w.e.f 22-05-2020

T&I/MUM/NRETDR/67/2019-20

As per the decision taken by the Competent Authority rate of interest on Bulk Term deposit of Rs. 2.00 crores and above upto & including Rs. 5.00 crore stands revised as below w.e.f. 22-05-2020

Sr. No.
Period
Single NRE Term Deposit Rs. 2 Cr and above upto & including Rs. 5.00 Crore
1
1 year
3.00
2
Above 1 year to 2 years
3.25
3
Above 2 year but less than 3 years
3.25
4
3 year & above but less than 5 years
3.25
5
5 Years & above
3.25

iii) For Bulk NRE Term Deposits above Rs. 5.00 Crores w.e.f. 22-05-2020

T&I/MUM/NRETDR-66/2019-20

As per the decision taken by the Competent Authority rate of interest on Bulk NRE Term deposit above Rs. 5.00 crores stands revised as below w.e.f. 22-05-2020

Sr. No. Period Above RS. 5.00 Cr upto &
including Rs.25.00 Cr
Above RS. 25.00 Cr upto &
including Rs.100.00 Cr
Above Rs.100.00 Cr
1 1 year

3.00

3.00

3.00

2 Above 1 year to 2 years

3.25

3.25

3.25

3 Above 2 years but less than 5 Years

3.25

3.25

3.25

4 5 Years & above

3.25

3.25

3.25

(B) RATE OF INTEREST ON NON-RESIDENT ORDINARY (NRO) TERM DEPOSITS

(C) RATE OF INTEREST ON FCNR (B) DEPOSITS (With effect from 07.05.2020)

 

Tenure 1 Year to less than 2 Years 2 Years to less than 3 Years 3 Years to less than 4 Years 4 Years to less than 5 Years 5 Years only
Currency ROI Yield* ROI Yield* ROI Yield* ROI Yield* ROI Yield*
USD (%)

1.32

1.35

1.24

1.28

1.25

1.30

1.28

1.34

1.32

1.38

GBP (%)

0.97

0.99

1.03

1.06

1.03

1.06

1.04

1.08

1.05

1.09

EUR (%)

0.15

0.16

0.09

0.09

0.09

0.09

0.11

0.11

0.13

0.13

JPY (%)

0.12

0.12

0.09

0.09

0.08

0.08

0.08

0.08

0.08

0.08

CAD (%)

1.45

1.49

1.16

1.20

1.22

1.27

1.30

1.35

1.35

1.41

AUD (%)

0.73

0.74

0.79

0.81

0.85

0.88

0.98

1.01

1.07

1.11

CHF (%)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

SGD (%)

0.49

0.50

0.49

0.49

0.54

0.55

0.63

0.65

0.71

0.73

HKD (%)

0.99

1.01

0.86

0.88

0.85

0.87

0.87

0.90

0.91

0.94

* Annualised yield at the end of the tenure

(D) RATE OF INTEREST ON RFC DEPOSITS (With effect from 07-05-2020)

SAVINGS BANK :

CURRENCY (%) - GBP (0.50%) and AUD (1.50%)

TERM DEPOSITS :

Currency 1 Year to less than 2 Years 2 Years to less than 3 Years 3 Years to less than 4 Years 4 Years to less than 5 Years 5 Years only
USD (%)

1.32

1.24

1.25

1.28

1.32

GBP (%)

0.97

1.03

1.03

1.04

1.05

EUR (%)

0.15

0.09

0.09

0.11

0.13

JPY (%)

0.12

0.09

0.08

0.08

0.08

CAD (%)

1.45

1.16

1.22

1.30

1.35

AUD (%)

0.73

0.79

0.85

0.98

1.07

CHF (%)

0.00

0.00

0.00

0.00

0.00

SGD (%)

0.49

0.49

0.54

0.63

0.71

HKD (%)

0.99

0.86

0.85

0.87

0.91

Disclaimer: Interest Rates for FCNR(B) & RFC deposits are subject to change every month/ as & when needed by Head Office, as per guidelines issued by Reserve Bank Of India.

NRNR and NRSR Deposits : Discontinued w.e.f. 01.04.02. The existing accounts under NRNR Deposit scheme may be continued only upto the date of maturity. The existing NRSR accounts other than Term Deposits shall not be continued after 30.09.02

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