UCO Bank Fixed Deposit Calculator

The UCO Bank Fixed Deposit (FD) Calculator is a complimentary online tool that enables investors to calculate the expected maturity amount and interest income from their fixed deposit investments with UCO Bank. By entering basic details such as the deposit amount, tenure, and applicable interest rate, users can quickly determine how much they will earn by the end of the investment period.

This calculator simplifies financial planning by providing instant and accurate results, removing the need for complex manual calculations. It is beneficial for individuals looking to compare different Fixed Deposit tenures or investment amounts before deciding. Whether you're a senior citizen seeking higher interest rates or a regular saver aiming to grow your funds securely, the UCO Bank Fixed Deposit Calculator can guide you toward smarter, goal-based investing.

Benefits of Using the UCO Bank Fixed Deposit Calculator

• Quick and Accurate : Instantly computes the maturity amount without manual calculations.
• User-Friendly Interface : Simple design makes it accessible for users with varying levels of financial knowledge.
• Flexible Input Options : Allows customization of investment amount, interest rate, and tenure to suit individual needs.
• Informed Decision-Making : Helps in comparing different investment scenarios to choose the most beneficial option.

How to Use Wishfin UCO Bank Fixed Deposit Calculator?

Using the Wishfin Fixed Deposit Calculator by UCO Bank is a straightforward process that helps you estimate the maturity amount and interest earnings on your fixed deposit investment. Here's how you can utilize this tool effectively:

Steps to Use the Wishfin UCO Bank Fixed Deposit  Calculator

• Access the Calculator: Navigate to the Wishfin UCO Bank Fixed Deposit  Calculator page

• Enter the Investment Amount: Specify the total sum you intend to deposit. The calculator accepts amounts ranging from Rs 500 up to Rs 1 crore.

• Specify the Interest Rate: Enter the applicable annual interest rate. UCO Bank's Fixed Deposit interest rates vary based on tenure and customer category (e.g., senior citizens may receive higher rates).

• Pick the Duration: Select how long you want to keep your money invested in the fixed deposit. You can specify the tenure in days, months, or years, depending on your investment plan.

• View the Results: Once you've entered all the details, the calculator will display:

1. • Interest Amount: The total interest you will earn over the selected tenure.
   • Total Investment: The principal amount you plan to invest.
   • Estimated Returns: The interest amount you will earn.
   • Total Amount: The sum of your principal and the interest earned, representing the maturity amount.

By utilizing the Wishfin UCO Bank Fixed Deposit  Calculator, you can effectively plan your investments and make informed decisions to maximize your returns.

Formula for Calculating UCO Bank Fixed Deposit Returns

The UCO Bank Fixed Deposit returns typically use the compound interest formula to compute the maturity amount, unless it's a simple interest Fixed Deposit  (for very short-term deposits). Here’s the standard compound interest formula used:

Compound Interest Formula for Fixed Deposit - A=P×(1+nr​)n×t

Where:

• A = Maturity amount (final amount after interest)
• P = Principal amount (initial investment)
• r = Annual interest rate (in decimal; e.g., 7% = 0.07)
• n = Number of compounding periods per year (usually 4 for quarterly)
• t = Tenure of the deposit in years

UCO Bank Interest Rates for Domestic Term Deposits Under ₹3 Crore

Follow the table to know more about the latest UCO Bank Fixed Deposit interest rates of 2025 for below Rs 3 Crores for general and Senior Citizens -

Note: Interest rates are subject to change at the sole discretion of UCO Bank.

Features and Benefits of UCO Bank Fixed Deposits

• Quarterly Compounding – Interest on UCO Bank fixed deposits is calculated and added to the principal every three months. This means your interest earns additional interest over time, helping your money grow faster compared to simple interest.

• Lump Sum Payment on Maturity – Unless you choose a periodic interest payout option, the entire interest earned is disbursed together with the principal amount at the end of the fixed deposit term.

• Multiple Deposit Schemes- UCO Bank offers a wide range of FD options customised to different financial goals:

1. Short-term FDs (as low as 7 days)
2. Long-term FDs (up to 10 years)
3. Special schemes like Tax Saver FD, UCO 333 Days, and UCO 400 Days with attractive interest rates

• Tax Benefits on Tax Saver Fixed Deposit

1. Under the Tax Saver Fixed Deposit scheme, you can claim a deduction of up to Rs 1.5 lakh per financial year under Section 80C of the Income Tax Act.
2. These FDs come with a mandatory lock-in period of 5 years, and premature withdrawal is not allowed.
3. Flexible Fixed Deposit with Partial Withdrawal Option

• UCO Bank offers a Flexi Fixed Deposit facility, where:
• You can make partial withdrawals in multiples of Rs 5,000 from your FD.
• The remaining balance continues to earn the original agreed-upon interest rate, ensuring minimal impact on your overall returns.
• This offers the dual advantage of liquidity and higher returns, unlike a traditional FD, which requires breaking the entire deposit for urgent cash needs.