UCO Bank Saving Account: Features, Interest Rate and Minimum Balance Explained
Reviewed by: Fibe Research Team
- Updated on: 2 Jan 2026
A UCO Bank Savings Account offers a reliable way to manage your finances while earning attractive interest on your deposits. As one of India’s oldest nationalised banks, UCO Bank provides diverse savings account options designed for individuals, students, minors and pensioners.
Whether you’re opening your first account or looking for better digital banking convenience, this guide will walk you through everything you need to know, from UCO Bank minimum balance to UCO Bank savings account interest rate and even the UCO Bank transaction limit per day.
Table of Contents
Why Choose a UCO Bank Savings Account?
A UCO Bank Savings Account is designed for those who prefer a blend of traditional banking and digital convenience. It ensures secure access to your funds, competitive interest earnings and a range of services to suit different customer segments.
Key benefits include:
- Free RuPay debit card with EMV chip for secure transactions
- Internet and mobile banking via UCO mBanking Plus
- SMS alerts and email notifications for every transaction
- Access to UCO Bank’s 3,000+ branches and 2,500+ ATMs across India
- Facility to link fixed deposits for auto sweep and overdraft benefits
UCO Bank Saving Account Opening Online: Step-by-Step
The UCO Bank saving account opening online process is simple and user-friendly. You can open your account digitally through the official UCO Bank website or mobile app without visiting a branch.
Here’s how to do it:
Step 1: Visit the official website or download the app
Go to www.ucobank.com or download UCO mBanking Plus.
Step 2: Click on ‘Open Savings Account’
Select the type of account that best fits your profile, such as a Regular Savings Account, Saral Account or Student Account.
Step 3: Fill in your personal and KYC details
Provide your full name, PAN, Aadhaar number and contact details.
Step 4: Upload necessary documents
Upload scanned copies of your identity and address proofs for online verification.
Step 5: Complete video KYC (if applicable)
A bank representative will verify your details through a short video call.
Step 6: Make your first deposit
Once approved, deposit the minimum required balance to activate your account.
After successful verification, your UCO Bank Savings Account will be activated and your debit card and welcome kit will be dispatched.
UCO Bank Minimum Balance Requirement
The UCO Bank minimum balance depends on the type of branch—metro, urban, semi-urban or rural and whether you use a cheque book. Maintaining the minimum balance you must maintain with UCO Bank ensures uninterrupted access to account services.
| Branch Type | With a Cheque Book | Without a Cheque Book | Penalty for Non-Maintenance (per quarter) |
|---|---|---|---|
| Metro | ₹1,000 | ₹500 | ₹100 + GST |
| Urban | ₹1,000 | ₹500 | ₹100 + GST |
| Semi-Urban | ₹500 | ₹250 | ₹50 + GST |
| Rural | ₹250 | ₹100 | ₹25 + GST |
What happens if you don’t maintain the required balance?
If your account balance falls below the set threshold, UCO Bank may levy a maintenance charge and certain account facilities may be restricted.
Maintaining your UCO Bank savings account balance also helps you avoid unnecessary deductions and gurantees continuous access to debit card and cheque facilities.
UCO Bank Savings Account Interest Rate
The UCO Bank savings account interest rate is competitive, offering a stable return on your savings. The rates may vary depending on your account type and deposit amount, following RBI guidelines.
| Account Balance | Interest Rate (per annum) |
|---|---|
| Up to ₹25 lakh | 2.90% |
| ₹25 lakh – ₹2 crore | 3.00% |
| Above ₹2 crore | 3.25% |
Account options by customer segment: youth, pensioner, student
These tailored account types make the UCO Bank Savings Account suitable for every stage of life:
- For Students & Minors: No minimum balance requirement for certain schemes, with a free debit card and educational banking support.
- For Pensioners: No penalty for low balance, plus faster pension credit and easy ATM access.
- For Salaried Professionals: Auto sweep facility to convert idle funds into fixed deposits.
UCO Bank Transaction Limit per Day
The UCO Bank transaction limit per day depends on the medium used:
| Transaction Type | Daily Limit |
|---|---|
| ATM Withdrawal | ₹25,000 – ₹40,000 |
| POS Transaction | ₹60,000 |
| NEFT/IMPS (Online) | ₹2 lakh (per day) |
| UPI Transfer | ₹1 lakh (as per NPCI norms) |
UCO Bank Charges List
Here’s a quick overview of common fees under the UCO Bank charges list:
| Service | Charges |
|---|---|
| Cheque Book (20 leaves) | ₹60 + GST |
| SMS Alerts | ₹15 per quarter |
| Duplicate Passbook | ₹100 + GST |
| ATM Withdrawal beyond limit | ₹20 per transaction |
| Demand Draft | ₹2.50 per ₹1,000 (minimum ₹50) |
| NEFT/RTGS via Branch | ₹2.50–₹50 depending on the amount |
| Account Closure (within 14 days) | Nil |
| Account Closure (after 14 days) | ₹500 |
Advantages of a UCO Bank Savings Account
- Wide branch network and strong customer support.
- Range of account options for minors, salaried individuals and pensioners.
- Competitive UCO Bank savings account interest rate.
- Reliable UCO mBanking Plus app for seamless transactions.
- Personalised debit and ATM card services.
Conclusion
Choosing the right savings account depends on your lifestyle, income pattern and digital preferences. If you need instant funds or want to keep your savings untouched, Fibe can help. You can apply for a Personal Loan of up to ₹5 lakhs through Fibe’s completely digital process — ideal for managing short-term expenses, paying bills or funding emergencies.
Download the Fibe Instant Loan App or visit fibe.in to experience a seamless borrowing journey. Get money in minutes while your savings continue to grow securely in your UCO Bank account.
FAQs
1. What is the minimum balance in the UCO Savings Account?
The UCO Bank minimum balance varies from ₹250 to ₹1,000 depending on your branch type and cheque-book facility. Maintaining this balance helps you avoid service charges and ensures smooth banking operations.
2. What is the return rate on the UCO Bank Savings Account?
The UCO Bank savings account interest rate currently ranges from 2.90% to 3.25% per annum, depending on your account balance.
3. Is it possible to open a UCO Bank Savings Account online?
Yes, the UCO Bank saving account opening online process can be completed digitally through the UCO Bank website or mobile app using Aadhaar-based eKYC.
4. What is the UCO Bank transaction limit per day?
The UCO Bank transaction limit per day is up to ₹40,000 for ATM withdrawals and ₹2 lakh for NEFT or IMPS transactions.
