UCO Bank Savings Accounts

UCO Bank offers a wide range of savings accounts that allows individuals to deposit money, keep it safe, and withdraw funds, all while earning interest. It provides a savings account according to the needs of the specific customer groups and caters to their requirement. For instance, it offers the Premium saving account for its high-end customers and also provides the minor savings account for children below the age of 18 years. The bank offers several facilities like internet banking, mobile banking, and allows no minimum balance requirement in many saving account products.

Benefits of UCO Bank saving Account are as follow:

• UCO Bank offers an interest rate on saving account in the range of 2.50% to 2.50%.
Compare Savings Account Interest Rates to All Banks
• Balance requirement for UCO Bank savings account is AQB ranges between Rs. 250 and Rs. 1,000.
• An individual can transfer the UCO Bank savings account to any other branch without changing the account number.
• Safe deposits locker facility, nomination facility is also available.
• UCO Bank savings account provides the facility of linking to the Multi Option Deposit account to fetch higher term deposit interest on the surplus money.
• It provides various kinds of debit cards as per account holder’s convenience.
• UCO Bank offer banking facilities like internet banking and missed call banking. An individual can also avail the mobile banking facility which provides services like interbank mobile payment services (IMPS), utility bill payments, mobile recharges, enquiry and statements and cheque book request.
• No charge is levied for passbook service.

Product	Minimum balance	Interest Rate	Non Balance Maintenance Charges
Saral Savings Deposit Scheme	AQB ranges between Rs. 250 and Rs. 1,000	2.50% - 2.50%	Rs. 100 to Rs. 150
No-frills Savings Bank Account (Zero Balance)	NIL	2.50% - 2.50%	None
UCO Smart Kids Savings Bank Scheme	NIL	2.50% - 2.50%	None

UCO Bank offers multiple savings account products for different purposes. Some of the popular products of UCO Bank savings are:

Saral Savings Deposit Scheme

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

Key Features:

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

Eligibility:

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

No-frills Savings Bank Account (Zero Balance)

Banking services accesible at ease for all.

Key Features:

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

Eligibility:

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

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.

Key Features:

• 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

Eligibility:

• The features of this account can be enjoyed by minors

UCO Bank asks their customers to make nominations which imply that they should nominate individuals to whom the amount lying in their accounts should go in the event of their death. Nomination can be made in account opening form itself or on a separate form indicating the name and address of the nominee. The person can change the nomination any time. UCO Bank savings account provides the nomination facility in all the savings products.

UCO Bank provides a Welcome Kit containing personalised cheque book and ATM Card, which is mailed to the customers’ postal address selected for correspondence, after 7 – 8 working days from the date of opening of a particular savings account.

Individuals can call UCO Bank’s 24X7 helpline number , which is accessible from all landlines and mobile phones in the country.

✅Can I open UCO Bank bank account online?

UCO Bank enables individuals to open a savings bank account online as well. Individuals can open an Insta saving account and digital savings account.

✅What is the minimum balance for an UCO Bank savings account?

Minimum balance requirement differs with UCO Bank saving account products. The minimum balance required to open a Saral Savings Deposit Scheme in UCO Bank is AQB ranges between Rs. 250 and Rs. 1,000.

✅Which saving account is best in UCO Bank?

There are various savings account products offered by UCO Bank. These accounts are specially developed for a certain section of people. Individuals may compare the interest rate offered, minimum account requirements and facilities provided to select the best product.

✅Can I open UCO Bank account with zero balance?

The minimum balance requirement to open a savings account with UCO Bank is AQB ranges between Rs. 250 and Rs. 1,000. If any individual does not maintain the minimum balance then non-balance maintenance charges are levied.