Wednesday, February 23, 2011
9:03 AM Blogger
UCO Bank has introduced UCO Sunshine Recurring Deposit Scheme with Complimentary Personal Accidental Death Insurance Cover.
Deposit Period : 12/24/36/48/60 months
Amount of deposit : Minimum Monthly Installment: Rs. 500/- & In Multiples of Rs.500/-
Maximum Monthly Installment: Rs. 1 Lac
Rate of Interest: As per Normal Term Deposit Scheme (At present 9% from 18.2.2011)
Foreclosure Interest: Installments between 1 and up to 6 months (Savings Bank Rate)
: Above 6 months (Foreclosure rate as per Normal Term Deposit with penalty clause)
Senior Citizen : Additional (0.50) %
Staff : Additional (1.00) %
Ex- Staff : Additional (1.00) %
Senior Citizen (Ex-Staff) : Additional (1.25) %
Senior Citizen (Ex-Staff): Additional (1.50) % (36 months & above and upto 60mths)
SPECIAL FEATURES embedded in UCO SUNSHINE scheme:
1) Complimentary Personal Accidental Death Insurance Cover
2) No Intersol Charges
3) No Standing Instruction Charges
4) Free transfer of A/cs between network of CBS branches
5) No Tax deducted on interest earned
In case of pre-mature closure of UCO Sunshine Recurring Deposit a/cs within 12 months of its opening an additional service charge of Rs 250/- will be collected from the account holder.
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