UCO Bank Recurring Deposit Calculator

The UCO Bank Recurring Deposit Calculator is a user-friendly online tool designed to help individuals estimate the maturity amount and interest earnings from their recurring deposit investments with UCO Bank. By inputting details such as the monthly deposit amount, tenure, and applicable interest rate, users can quickly determine the total returns on their RD accounts. This calculator simplifies financial planning by providing accurate projections, enabling users to make informed decisions about their savings strategies.

Advantages of the UCO Bank Recurring Deposit Calculator

• Access Anytime, Anywhere - Calculate your RD maturity value conveniently from any device, at any time—no need to visit the bank.
  
• Precise and Reliable Estimates - Get accurate projections of your final maturity amount and total interest earned, helping you plan better.
  
• Compare Multiple Scenarios - Easily evaluate different deposit amounts and tenures to choose the savings plan that best suits your needs.
  
• Supports Effective Financial Planning - Helps you set realistic savings goals and understand the monthly contributions required to achieve them.
  
• Automatically Reflects Latest Interest Rates - The calculator stays updated with UCO Bank’s current RD interest rates, ensuring your calculations are always accurate.
  
• Saves Time and Effort - Eliminates manual calculations, offering quick results so you can make informed decisions faster.

How to Use Wishfin UCO Bank Recurring Deposit Calculator?

• Access the Calculator - Visit the official Wishfin UCO Bank RD Calculator page.

• Put the Amount - Specify the consistent amount you intend to contribute each month toward your recurring deposit. The calculator accepts amounts ranging from ₹500 to ₹10,00,000.

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

• Select the Deposit Tenure - Choose the duration of your Recurring Deposit. You can choose a deposit duration anywhere between 1 year and 10 years.

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

• • Invested Amount : The Total sum of all your monthly deposits.
  • Estimated Returns : The total interest income on the RD account.
  • Total Value: This is the combined amount of your original deposits and the interest accrued, indicating the final maturity amount.

Key Features of UCO Bank Recurring Deposit

1. Goal-Based Savings Made Easy - Plan your finances by saving regularly towards a specific future goal—be it a vacation, education, or emergency fund.
2. Consistent Monthly Deposits – Build a regular saving routine by contributing a set amount each month for a specified duration.
3. Flexible Deposit Tenure - Choose a saving period that suits your financial goals, with deposit durations ranging from 1 year to 10 years.
4. Start Small, Grow Big - Begin your RD with an amount as low as ₹100 per month, making it accessible to all income levels.
5. Competitive Interest Rates - Earn interest rates on par with regular Fixed Deposits—even with a smaller monthly investment—ensuring your savings grow steadily.
6. Easy Account Monitoring and Added Benefits - Track all your recurring transactions with ease. Plus, enjoy added facilities like the ability to take a loan against your RD in times of need.

UCO Bank Recurring Deposit Formula

The UCO Bank Recurring Deposit Calculator uses the following formula to compute the maturity amount:

Maturity Amount= Monthly Deposit×(r/100(1+r/100)n−1​)×(1+r/100)

Where:

• r = Annual interest rate (in percentage)
• n = Tenure (in years)
• Monthly Deposit = The fixed amount you invest every month

This formula calculates the future value of a series of monthly deposits (an annuity) compounded annually, taking into account the interest rate, tenure, and monthly contribution. It helps estimate the total amount you will receive at maturity, including both your principal and the interest earned over time.

UCO Bank Recurring Deposit Interest Rates 2025

The table mentioned below has the latest UCO Bank Recurring Deposit Interest Rates for 2025. Make sure you follow the table to know more about them -

Conclusion

The UCO Bank Recurring Deposit Calculator is a smart and efficient tool for anyone looking to plan their savings with confidence. It simplifies complex interest calculations, offering instant and accurate projections of your maturity amount. Whether you're saving for short-term needs or long-term goals, this calculator helps you explore various combinations of deposit amounts and tenures. With its ease of use and real-time interest rate updates, the tool empowers you to make informed financial decisions and build disciplined savings habits—all from the comfort of your home.