UCO Bank Savings Account Interest Rate & Minimum Balance 2025
UCO Bank provides various savings account options to meet its customers’ financial needs. These accounts come with multiple features and benefits tailored to different requirements. Keep reading to explore the UCO bank savings account interest rate for 2025, types of savings accounts, and more.
What is UCO Bank Savings Account?
A UCO Bank Savings Account is a basic banking account provided by UCO Bank, designed to help you securely deposit and manage your funds while earning interest. It allows you to safely store money, make transactions, and access services like debit cards and online banking. You can earn interest on the amount you deposit. UCO Bank offers multiple savings account types, each tailored to specific needs, whether you’re a student, senior citizen, pensioner, or salaried individual.
Types of Savings Accounts in UCO Bank
- Saral Savings Account
- UCO Smart Kids Savings Account
- UCO Zero Balance (No-Frills) Savings Account
- Motor Accident Claim Tribunal Savings Account (MACT SB Account)
Features and Benefits of UCO Bank Savings Accounts
Account Type | Features and Benefits |
| Saral Savings Account | - Free chequebook (20 leaves every six months; ₹3/leaf thereafter) - Minimum balance (with chequebook): ₹250 (rural), ₹500 (semi-urban), ₹1,000 (urban & metro) - Pensioners’ minimum balance: ₹100 (semi-urban, urban & rural), ₹250 (metro) - Free Visa debit card - Instant credit for outstation cheques up to ₹15,000 |
| UCO Smart Kids Savings Account | - For minors aged 10 and above - Zero minimum balance - Personalised ATM card with the minor’s photo - Net banking with limits - Daily transaction limit: ₹3,000; monthly limit: ₹15,000 - Passbook facility - Two extra chequebooks per year (no overdraft allowed) - Free money transfers from guardian/grandparent accounts |
| UCO Zero Balance (No-Frills) Account | - Minimum opening balance: ₹5 - Zero balance requirement for emergency withdrawals - Up to 25 free debit entries per half-year; ₹3 per additional entry - Available for literate minors aged 10 to 18 (individual or joint account) |
| Motor Accident Claim Tribunal (MACT) SB Account | - No minimum balance or service fees - Opened under court orders for motor accident claims - Two types of accounts available (SB 137 and SB 135) based on specific requirements - Withdrawals via biometric authentication or withdrawal forms - Must be opened at branch handling associated fixed deposits - Single-use account managed by guardians for minors - Account relocation possible within the same branch - KYC compliance required - Passbook and nomination facility (as per court guidelines) |
How to Open a UCO Bank Savings Account Online?
Follow these steps to open a UCO Bank savings account:
- Go to the UCO Bank official website and locate the ‘Savings Account’ section on the homepage.
- Tap on the ‘Savings Account’ link to redirect you to a new page.
- Select a savings account type on the next page and click ‘Apply Now’ to begin the application process.
- You will be taken to an application form. Fill out the required details on the form.
- After completing the form, check the consent box to authorise the bank to contact you.
How Much is the Minimum Balance Required in UCO Bank?
The following table mentions the UCO Bank savings account minimum balance required in 2025:
Savings Account Type | Amount |
| UCO Saral Savings Deposit Scheme (for Pensioners) | With Cheque Book: Metro – ₹250 Rural/Urban/Semi-Urban – ₹100 Without Cheque Book: Rural/Urban/Semi-Urban/Metro – ₹50 |
| UCO Saral Savings Deposit Scheme (for Individuals) | With Cheque Book: Urban/Metro – ₹1,000 Semi-Urban – ₹500 Rural – ₹250 Without Cheque Book: Urban/Metro – ₹500 Semi-Urban – ₹250 Rural – ₹100 |
| Zero Balance (No-frills) Savings Account | NIL |
| UCO Smart Kids Savings Account | NIL |
| Motor Accident Claim Tribunal SB Account | NIL |
UCO Bank Savings Account Interest Rate 2025
The following table shows the UCO bank interest rates on savings accounts:
Balance | Rate of Interest |
| Till ₹10 Lakhs | 2.60% |
| More than ₹10 lakhs | 2.75% |
UCO Bank Savings Account Interest Rate for Senior Citizens
As of March 2025, UCO Bank offers a standard interest rate of 2.60% per annum on savings account balances up to ₹10 lakh and 2.75% per annum on balances exceeding ₹10 lakh. Currently, there is no additional interest benefit for senior citizens on regular savings accounts.
Penalty for Not Maintaining Minimum Balance in UCO Bank Savings Account
Account holders must occasionally maintain the minimum balance as specified by UCO Bank. If the balance falls below the required limit, the bank may impose a penalty as per its applicable charges. The penalty ranges from ₹30 to ₹250, depending on the type of savings account.
Final Word
Whether you are a salaried individual, pensioner, or student, you can find a suitable account in UCO Bank. UCO Bank offers high savings account interest rates and easy access to banking services. Maintaining the required minimum balance ensures continued benefits without penalties. Choose the right savings account and manage your finances efficiently with UCO Bank.
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