UCO Bank’s new 444-day fixed deposit scheme offers some of the highest returns in the market, especially benefitting senior citizens with extra interest premiums amidst steady public sector bank competition for conservative savers.
UCO Bank is drawing attention from depositors with its special 444-day fixed deposit, a mid-term scheme that currently offers some of the bank’s highest published returns. According to the bank’s fixed deposit page, the UCO 444 special deposit pays 6.45% a year to general customers and 6.95% to resident senior citizens, with the offer applying to domestic retail term deposits below ₹3 crore.
For older savers, the bank’s pricing is especially relevant. UCO Bank says senior citizens aged 60 and above receive an extra 0.50 percentage points on deposits with maturities of more than one year, while deposits of up to one year carry an additional 0.25 percentage points. The bank also offers higher rates for staff and retired senior staff, with the latter getting the steepest premium on longer tenures.
The broader rate table shows UCO Bank’s fixed deposit rates ranging from 2.90% to 8.10%, depending on tenure and deposit size. Rate-tracking sites such as Policybazaar and CodeforBanks say the bank last revised its FD rates in May 2026, and that the current structure has remained broadly unchanged since then. Those trackers also note that senior citizen rates can rise as high as 8.50% on some tenures, underlining how public sector banks continue to court conservative investors seeking predictable income.
That places UCO Bank among several state-run lenders offering competitive returns on the popular 444-day bucket. Livemint reported in May 2026 that public sector banks were advertising special medium-term deposits with yields of up to 7.10% for senior citizens, reflecting steady demand from savers who want capital protection rather than market-linked risk. For investors comparing options, the key point is that the 444-day term can deliver a relatively attractive return without locking money away for too long.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
