UCO Bank Savings Account

Last Updated : Feb. 11, 2025, 11:54 a.m.

UCO Bank was established in 1943. It is a top-class banking institution with a mission for sustained growth, profitability and socio-economic development. It has more than 3000 branches in India and a few branches abroad as well. UCO Bank has entered the 21st century with great dynamism and growth prospects. It provides its customers with a wide array of products such as savings accounts depending upon their needs and financial goals, internet banking facilities and computerised branches.In this article, we will take a deeper look into the UCO Bank Savings Account and their specifications.

UCO Bank Savings Account Interest Rates May 2026

Below are the savings account interest rates provided by UCO Bank.

Types of UCO Bank Savings Account

UCO Saral Savings Account: An individual above the age of 18 is eligible to open this savings account. The account holder can enjoy certain benefits like internet and mobile banking, and a debit card that is free of charge. The minimum balance requirements for this account are dependent on areas and whether you are a pensionable customer or not.

UCO No - Frills Savings Account: This savings account is especially designed for customers who can not afford to maintain a specific balance in their savings account. This is a zero balance savings account and can be started with a sum of Rs. 5.

UCO Smart Kids Savings Scheme: This is one of the top savings accounts for minors . This account aims to encourage saving habits in children and can be opened by kids above the age of 10 years. It permits a withdrawal of Rs. 3,000 and deposits by parents and grandparents are free of charge. UCO Bank also provides 2 passbooks for this savings account.

UCO Veer Shakti Savings Account: This savings account is exclusively accessible to the serving and retired personnel of defence forces. It provides concessions for the processing of home and auto loans. Moreover, you can get free debit cards, add on cards and also enjoy facilities like internet and mobile banking. UCO Bank also offers the services of providing statements with the mini statement number .

UCO Bank Savings Account Features & Benefits

UCO Bank provides many benefits and features for opening a savings account.

1. Features such as mobile and internet banking. The Mpassbook feature provides you with an updated balance online.

2. Debit and credit cards can be availed depending on the type of savings account.

3. The savings account for minors encourages and educates children about banking

4. The large number of ATMs throughout the country ensures the easy accessibility of funds to customers.

5. The various types of accounts can help you to reach the objective of opening a savings account.

6. Utility bills and other services can be paid using the ECS facility.

7. The UCO Bank mobile and UCO Bank UPI app help you to get access as well as keep a track of the account online.

Documents Required for UCO Bank Savings Account

The KYC documents and verified identity and residence proof are required for opening a UCO Bank savings account. Some of the documents are -

Proof of Identity:

• Aadhar Card
• PAN Card
• Voter ID
• Passport
• Company ID Card in case of some companies

Proof of Residence:

• Telephone Bill
• Electricity Bill
• Passport
• Ration Card
• ITR returns

What is the Minimum Balance for a UCO Bank Savings Account?

How to open a Savings Account in UCO Bank?

Opening a savings account requires you to follow these steps.

Online:

Step 1: Visit the UCO Bank website and navigate to the tabs on the website. The rural banking, corporate banking and retail banking tabs take you to respective pages wherein you can fill in the information to open a savings account.

Step 2: Once you fill in the application form, upload all the KYC documents and save the acknowledgement of the form.

Step 3: Visit the branch with the respective documents and form for verification.

Step 4: Once the officials check the details, your account will be activated in the next 24 hours.

Offline:

Step 1: Locate the branch using the bank website.

Step 2: Take all the necessary documents and fill in the form.

Step 3: Once the documents are verified, your account will be activated in the next 24 hours.