UCO Bank Saving Account

Last Updated 15th Mar 2019

UCO Bank Savings Account Interest Rate India Mar 2019

UCO Bank Saral Savings Deposit Scheme
Interest Rate Upto Rs. 100 Cr : 4.00%
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Minimum Account Balance AQB ranges between Rs. 250 and Rs. 1,000
Debit Card VISA Debit Card
  • 1 booklet free 20 cheque leaves per half year
  • e banking / Mobile Banking

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UCO Bank Online Saving Account

Established in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. It has undertook active financial participation in all segments of the economy - Agriculture, Industry, Trade & Commerce, Service Sector, Infrastructure Sector etc.

Saving Account in UCO Bank – Benefits

You get the following benefits while opening Savings Account with UCO Bank

Nomination facility Yes
Passbook facility Yes
Chequebook facility Yes
Issuance of Debit Card Yes
Internet Banking Yes
Mobile Banking Yes
Fund Transfer Yes
DD Pay Orders Yes

UCO Bank Saving Account – charges

Balance non maintenance charges : Rs. 100 to Rs. 150
ATM Charges: Rural branches with cheque facility : Rs. 100 per quarter; Other branches with cheque facility :Rs. 150 per quarter; At all branches without cheque facility: Rs. 100 per quarter

UCO Bank Savings Account

UCO Bank offers an interest rate of 4.00% - 4.00% p.a. UCO Bank also offer accounts to meet the specific requirements of salaried, women, kids and senior citizens.

Product Name Minimum Age Minimum Balance Required
Saral Savings Deposit Scheme 18 years AQB ranges between Rs. 250 and Rs. 1,000
No-frills Savings Bank Account (Zero Balance) 18 years NIL
UCO Smart Kids Savings Bank Scheme 10 years Nil

UCO Bank Savings Account Products

Saral Savings Deposit Scheme

This account helps you meet your day to day banking needs.

This account is for resident Indians of 18 years of age and above

Features of Saral Savings Deposit Scheme

  • 1 booklet free 20 cheque leaves per half year
  • e banking / Mobile Banking

Debit Card Offered : VISA Debit Card

Balance Non Maintenance Charges : Rs. 100 to Rs. 150

No-frills Savings Bank Account (Zero Balance)

Banking services accesible at ease for all.

This account is for resident Indians of 18 years of age and above

Features of No-frills Savings Bank Account (Zero Balance)

  • Zero balance savings account
  • Accounts opened with initial deposits of Rs. 250 only
  • For standing instructions, no charge will be levied

Debit Card Offered : ATM cum Debit Card

Balance Non Maintenance Charges : None

UCO Smart Kids Savings Bank Scheme

Inculcate the habit of savings and spending judiciously in your minor who can open this account and manage it independently.

The features of this account can be enjoyed by minors

Features of UCO Smart Kids Savings Bank Scheme

  • 2 cheque books free per year
  • Standing instructions Free from Savings Bank account to RD/FD account in his/her name
  • Transfer of funds Free from natural guardian / grandparents accounts
  • No processing charge in future education loan

Debit Card Offered : Personalised ATM cards with photograph

Cash Withdrawal Limit : Rs. 3,000

Balance Non Maintenance Charges : None

Documents Required

UCO Bank requires the following documents to open a Savings Account

  • Signed application form
  • Income Tax PAN Copy
  • Identity Proof: Driving License, PAN, Passport VoterID
  • Address Proof: Utility Bill, Property Tax Bill. Any other ID and address proof issued through a competent authority are also valid

Frequently Asked Questions on UCO Bank Savings Account

How much interest is charged by UCO Bank on Savings Account?

UCO Bank offers an interest rate of 4.00% to 4.00% on Savings Account.

What is the minimum amount required for opening Savings Account in UCO Bank ?

The minimum amount required for opening Savings Account in UCO Bank is AQB ranges between Rs. 250 and Rs. 1,000.

What are the balance non - maintenance Charges on UCO Bank Savings Account?

The Balance Non Maintenance Charges on Savings Account by UCO Bank are Rs. 100 to Rs. 150.

What are the UCO Bank ATM Transaction charges on Savings Account?

UCO Bank ATM Transaction charges on Savings Account are Rural branches with cheque facility : Rs. 100 per quarter; Other branches with cheque facility :Rs. 150 per quarter; At all branches without cheque facility: Rs. 100 per quarter.

How does UCO Bank calculate interest charged on Savings Account?

Interest on Savings Account is calculated on Quarterly basis. The following formula is used by UCO Bank to calculate interest on Savings Account.

Monthly interest=Amount (Daily balance)*(No of days)* Interest/Days in the year

Does UCO Bank offer Debit card to the account holder?

Yes, various debit cards are offered, differing according to the product. Some of the popular savings account products of UCO Bank with the type of debit card offered are listed in the table below.

Saral Savings Deposit SchemeVISA Debit Card
No-frills Savings Bank Account (Zero Balance)ATM cum Debit Card
UCO Smart Kids Savings Bank SchemePersonalised ATM cards with photograph

Interest rate on all SBI deposits products listed in the table above is 4.00% to 4.00%

What is the eligibility criteria to open a savings account in UCO Bank
  • This account is for resident Indians of 18 years of age and above
UCO Bank News - Mar 2019
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