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. UCO Bank offers savings accounts tailored for students, seniors, pensioners, and salaried individuals.
Key Highlights
UCO Bank Savings Account Interest Rate 2025:
- For balances up to ₹10 lakh: 2.50% p.a.
- For balances above ₹10 lakh: 2.50% p.a.
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.
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 |
|
| UCO Smart Kids Savings Account |
|
| UCO Zero Balance (No-Frills) Account |
|
| Motor Accident Claim Tribunal (MACT) SB Account |
|
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:
Without Cheque Book:
|
| UCO Saral Savings Deposit Scheme (for Individuals) | With Cheque Book:
Without Cheque Book:
|
| 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 | 2.50% |
| More than ₹10 lakhs | 2.50% |
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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About the Author
Rucha K
Insurance doesn’t have to be a maze of fine print. I simplify policies, bring clarity to the details, and make financial decisions easier—one blog at a time. I enjoy turning numbers and insights into clear, actionable narratives that simplify personal finance. Read more
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