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Online UCO Bank Savings Account Opening

Open UCO Bank Saving Account

Last Updated 10th May 2021

Interest Rate 2.50%
Minimum Balance Requirement AQB ranges between Rs. 250 and Rs. 1,000
Cash Withdrawal Limit --
ATM Transaction 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
Debit Card VISA Debit Card
Apply for Savings Account

UCO Bank Savings Account Opening

UCO Bank Savings accounts in UCO Bank can be opened online or offline. To open UCO Bank offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening UCO Bank Savings Account Online

To open the savings account online in UCO Bank, you have to follow these steps:

  • Step 1: First, visit the official website of UCO Bank.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: UCO Bank’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, UCO Bank will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open UCO Bank Savings Account at Branch

To open a savings account with UCO Bank at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in UCO Bank

You have to fulfil the following eligibility criteria to open a savings account in UCO Bank:

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

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FAQs

How can I open a savings account in UCO Bank?

You can open a savings account in UCO Bank either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in UCO Bank?

Yes, you can open a savings account online, by applying for it through the UCO Bank’s official website.

What is the minimum balance in UCO Bank?

The minimum balance required to open a savings account in UCO Bank is AQB ranges between Rs. 250 and Rs. 1,000.


UCO Bank News - May 2021
  • 2020-08-04 : UCO Bank reports Rs. 21.46 crore PAT in Q1
    UCO Bank posted a net profit of Rs.21.46 crores for the period ended June 30, 2020, as against a net profit of Rs.16.78 crores for the period ended March 31, 2020. The bank reported total income aided by retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans of Rs.4436.57 crores during the period ended June 30, 2020. In addition to this, total deposits which include FD, RD, current and savings accounts increased by 1.4% to Rs 1,95,119.60 crore.
  • 2019-10-17 : Public Sector Banks plan to implement doorstep banking
    Public Sector banks are set to launch the doorstep banking facility for their customers. The facility will allow customers to withdraw and deposit cash without visiting the bank. The doorstep service will assist through a call center, website, and mobile app. Further, to launch this facility, UCO Bank filed a ‘Request for Proposal’ on behalf of all public sector banks that will adopt a common service provider for this purpose.
  • 2018-12-18 : UCO Bank expects profitability boost
    Public sector lender, UCO Bank is hoping that its profitability for the current fiscal will increase due to an increase in its current account savings account (CASA) deposits. The strong growth in its overall performance and CASA deposits is expected due to the agreement signed between India and Iran for oil imports payment in rupees resulting in a positive impact on the balance sheet of the bank.
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