US DOLLARS Selling : 1.2910 - Buying : 1.2755
STERLING POUNDS Selling : 1.7460 - Buying : 1.7080
AUSTRALIAN DOLLARS Selling : 0.9145 - Buying : 0.8900
CANADIAN DOLLARS Selling : 0.9280 - Buying : 0.9035
EURO Selling : 1.4970 - Buying : 1.4600
INDIAN RUPEES Selling : 1.3900 - Buying : 1.2900
HONGKONG DOLLARS Selling : 16.6000 - Buying : 16.1000
JAPANESE YEN Selling : 0.8070 - Buying : 0.7910
US DOLLARS Selling : 1.2910 - Buying : 1.2755
STERLING POUNDS Selling : 1.7460 - Buying : 1.7080
AUSTRALIAN DOLLARS Selling : 0.9145 - Buying : 0.8900
CANADIAN DOLLARS Selling : 0.9280 - Buying : 0.9035
EURO Selling : 1.4970 - Buying : 1.4600
INDIAN RUPEES Selling : 1.3900 - Buying : 1.2900
HONGKONG DOLLARS Selling : 16.6000 - Buying : 16.1000
JAPANESE YEN Selling : 0.8070 - Buying : 0.7910
Retail Business
Retail Business
Explore our retail banking products and services designed to meet your everyday financial needs.
We Offer the following Deposit Schemes:
- Savings Bank Deposit Accounts in SGD currency.
- Current Deposit Accounts in all important currencies.
- Fixed Deposit Accounts at attractive interest rates in all major currencies (USD, EUR, CHF, AUD, GBP, CAD & SGD) with automatic rollover on maturity.
- Deposit Insurance Scheme: Singapore Dollar Deposits of Non-Bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$ 100,000 in aggregate per depositor per scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Risk Disclosure clause applicable
Customers are advised that an exchange rate risk is involved in foreign currency fixed deposit schemes (whether in Singapore or India) and that
- the earnings on fixed deposits are dependent on the exchange rates prevalent at the time of maturity of the deposits.
- adverse exchange rate movements could erode interest earnings completely.
- All deposits will also be subject to Local Rules in the country as prevailing from time to time.
The Bank shall have no responsibility for or liability to the customers for any diminution in the value of funds due to taxes or depreciation or for the unavailability of such funds on maturity due to restrictions on convertibility, requisition, involuntary transfers, distraints of any character, exercise of governmental or military powers, war, strikes or other causes beyond the Bank's control.
For more Details please Contact
Deposits
Savings Bank Account
| SL.NO. | CURRENCY | MINIMUM BALANCE - Individual |
|---|---|---|
| 1 |  SINGAPORE DOLLAR (SGD) |
S$ 200 |
Current Account
| SL.NO. | CURRENCY | MINIMUM BALANCE - Individual | MINIMUM BALANCE - Firms & Companies |
|---|---|---|---|
| 1 | SINGAPORE DOLLAR (SGD) |
S$ 2,000 | S$ 5,000 |
| 2 | UNITED STATES DOLLAR (USD) |
USD 1,000 | USD 1,000 |
| 3 | ALL OTHER MAJOR CURRENCIES |
1,000 | 1,000 |
💡 United States Dollar (USD) Prime Lending Rate is 7.5%
Fixed Deposits
| SL.NO. | CURRENCY | MINIMUM BALANCE |
|---|---|---|
| 1 | SINGAPORE DOLLAR (SGD) |
S$ 1,000 |
| 2 | UNITED STATES DOLLAR (USD) |
USD 1,000 |
| 3 | ALL OTHER MAJOR CURRENCIES |
2,000 |
Fixed Deposits
Board Rates
Local Dollar to one unit of foreign currency
| Currency | SELLING | TT BUYING | OD BUYING |
|---|---|---|---|
| US DOLLARS | 1.2910 | 1.2755 | - |
| STERLING POUNDS | 1.7460 | 1.7080 | - |
| AUSTRALIAN DOLLARS | 0.9145 | 0.8900 | - |
| CANADIAN DOLLARS | 0.9280 | 0.9035 | - |
Local Dollar to 100 units of foreign Currency
| Currency | SELLING | TT BUYING | OD BUYING |
|---|---|---|---|
| EURO | 1.4970 | 1.4600 | - |
| INDIAN RUPEES | 1.3900 | 1.2900 | - |
| HONGKONG DOLLARS | 16.6000 | 16.1000 | - |
| JAPANESE YEN | 0.8070 | 0.7910 | - |
Interest Rates (Updated on 31 Jul 2026)
| Period | EURO | USD | GBP | AUD | SGD <50,000 |
|---|---|---|---|---|---|
| 01 MONTH | 0.01 | 3.15 | 0.01 | 0.25 | 0.75 |
| 02 MONTHS | 0.01 | 3.15 | 0.01 | 0.25 | 0.75 |
| 03 MONTHS | 0.01 | 3.25 | 0.05 | 0.75 | 0.75 |
| 06 MONTHS | 0.01 | 3.50 | 0.10 | 0.75 | 0.75 |
| 09 MONTHS | 0.01 | 3.50 | 0.10 | 1.00 | 0.85 |
| 12 MONTHS | 0.01 | 3.75 | 0.15 | 1.50 | 0.85 |
📝 Note: Please take up with the department for the revised commission / service charges details. | |||||
For USD 100,000 and above (Updated on 31 Jul 2026)
Remittances
UCO through its worldwide network of correspondents, Indian branches and overseas branches, offers prompt inward and outward foreign remittance facilities at very competitive rates. The use of SWIFT network adds to reliability and efficient handling. The remittance is handled by our branch in Singapore, through our well-spread network of branches in India.
We offer the following Remittances Services at highly competitive rates:
- Telegraphic Transfer/ Wire Transfers via SWIFT in major currencies viz., INR, USD, GBP, EUR, JPY, AUD, CAD, HKD.
- Managers Cheque in SGD and USD. (within Singapore).
Safe Deposit Lockers
Safe Deposit Lockers in type A, B, C and D sizes are rented out to customers at reasonable charges
| Type of Locker | Measurements (inches) | Rental/Year (S$) |
|---|---|---|
| Type A - Small | 4" × 8" | S$ 109.00 |
| Type B - Medium | 8" × 8" | S$ 163.50 |
| Type C - Large | 8" × 12" | S$ 218.00 |
| Type D - Extra Large | 16" × 16" | S$ 327.00 |
Requirements to open a Safe Deposit locker account:
- Fixed Deposit Account with a minimum sum of S$3,000 or maintain an account with us.
- Advance rent for 2 years.