Note down the details of this money-making FD scheme: Get a fixed interest of ₹21,341 on an investment of ₹1,00,000..
It's worth noting that even after the repo rate cut, UCO Bank is still offering good returns on its FD schemes. In fact, this public sector bank is currently offering its customers interest rates ranging from 2.90 percent to 7.95 percent on FDs.
How much return is UCO Bank offering on FDs?
UCO Bank's 444-day special FD is the most talked-about.
Regular customers will get 6.45% interest on this.
Senior citizens can get 6.95% interest.
Interest rates become even more attractive depending on age and profile.
A 1-year overview of a 3-year FD
For long-term investment, UCO Bank's 3-year FD is a better option.
Here, regular citizens get 6.00% interest.
Senior citizens are being offered 6.50% interest.
The 3-year FD provides safe and fixed returns.
So you can earn good interest by depositing Rs. 1 lakh.
Maturity fund for Rs. 1 lakh
On an investment of Rs. 1 lakh, a regular citizen will get ₹1,19,562 at maturity.
This includes a fixed interest of ₹19,562.
While senior citizens can get a total of ₹1,21,341.
This also includes a fixed interest of ₹21,341.
The return on a 3-year FD is predetermined.
It's a safe earning option without any risk.
Become wealthy with FDs
Investment in this FD is completely safe.
Along with this, the maturity amount is predetermined.
FDs are not affected by market fluctuations.
There is no uncertainty regarding returns.
It is the most reliable option for senior citizens.
For retirement planning, FD is still a preferred investment.
UCO Bank is best for FD investments
FDs are right for those who want low risk and fixed returns.
Despite the repo rate cut, UCO Bank is offering better interest rates. Investments can be started with even small amounts.
The returns in this bank are completely safe and guaranteed.
This bank's FD helps in meeting future financial needs.
UCO Bank's FD schemes are a reliable option.
Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.

