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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
PRE-MATURE CLOSURE:
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.
4 comments:
UCO Bank, with years of dedicated service to the Nation through active financial participation in all segments of the economy - Agriculture, Industry, Trade & Commerce, Service Sector, Infrastructure Sector etc., is keeping pace with the changing environment. With a countrywide network of more than 2000 service units which includes specialised and computerised branches in India and overseas, UCO Bank has marched into the 21st Century matched with dynamism and growth!
Uco Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is one of the oldest and major commercial bank of India. Ghanshyam Das Birla, an eminent Indian industrialist, during the Quit India movement of 1942, had conceived the idea of organizing a commercial bank with Indian capital and management, and the United Commercial Bank Limited was incorporated to give shape to that idea.
Fixed deposits have been a very reliable avenue to park funds for many investors in India. The bank interest rates on Fixed deposits (FD) provide a very save and yet reassuring option of investing money for longer period to those who are risk averse and would like to play it safe. Fixed deposits not only proves to be a safe resort for investors but also a good option to increase liquidity for banks, realizing this potential lately public and private banks have forayed into luring customers to open fixed deposits with them.
What if the account holder dies of heart attack? Is it countable as 'accidental' death?
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