UCO Bank Savings Account Online: Interest Rate & Minimum Balance Required

Savings Account

UCO Bank is a nationalised bank. The bank was formerly known as the United Cooperation Bank. You can open a savings account with the bank if you want to start saving without waiting in line or filling out several applications. Applying for a new Savings account is possible online. The following people may open a UCO Bank Savings Account:

  • Individuals older than 18 years of age.
  • Minors older than 10 (unless otherwise noted, only a joint account may be created with a parent or legal guardian).

For the online process, go to the bank’s website and click the “New Account Opening” option on the screen’s right. You may choose the sort of account you want to open from a pop-up window that will appear. The platform will give you a reference number upon submitting a filled form. 

Through the number, you may find out the status of your application. After completing the form, you must deliver it to the nearby UCO Bank office together with the necessary paperwork. The bank will cross-check your documentation before they activate your account for your usage.

You can also perform the above process offline by visiting one of the UCO bank’s locations and filling out an Account Opening Form. Then, submit the completed form with the necessary documents. The bank will verify your details for KYC purposes and let you know when your account is active and ready for use.

Required Documents to Open a UCO Savings Account

A few specific papers must be submitted when creating a savings account with the bank. These are detailed in the RBI’s Know Your Customer (KYC) requirements. All banks must gather an identical set of papers for verification reasons. The documents in the below-given list are compulsory:

  • Photos the size of a passport
  • Proof of address
  • Proof of identity

Interest Rate on Savings Accounts at UCO Bank

The bank offers a rate of interest to its users. This interest depends upon the amount in the account. The following is a list of the saving account interest rate of UCO Bank:

Available Funds Interest Rates
Amount upto₹10-lakh 2.60% p.a.
Amount above₹ 10 lakh 2.75% p.a.


Types of Savings Accounts at UCO Bank

Various products are available from UCO Bank with competitive savings account interest rates. You can start these savings accounts online with several features and advantages.

Savings Deposit Plan with UCO: This is the basic savings bank product. The following list includes the account’s primary characteristics:

  • The bank gives a VISA Debit Card without charge.
  • There is a limit of 20 free cheque leaves each year.

No-Fuss Savings Account at UCO: This is one of the easy-operation bank accounts. The bank offers the below given primary characteristics:

  • There is no requirement to keep a minimum balance.
  • The account must be opened with an Rs. 5 initial deposit.
  • There are no folio fees for this account.
  • An annual limit of 20 free cheque leaves.

UCO Smart Kids Savings Scheme account: This product is ideal for making savings for your child. The following are the prominent characteristics of the UCO Smart Kids Savings Scheme account:

  • Anyone under the age of 10 may open an account.
  • There is no requirement to keep a minimum balance.
  • The user can expand the indirect users(beneficiaries) through nominations.
  • The bank doesn’t offer a joint account in this category.

Motor Accident Claim Tribunal SB Account: Another name for the account is MACTSBA. The bank offers the below-given points as the account’s primary rules:

  • The bank will stick to the KYC standards.
  • There is no requirement to keep a minimum balance.
  • Account holders are limited to one per account.
  • The bank will provide a passbook for the account.


The bank has various financial products and services for potential customers and offers the trustworthiness of a government bank. Therefore, the user may choose a financial product or service per their requirement and gain the benefits the bank offers.


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