Uco Bank Savings Account Interest Rate

In the year 1952, UCO Bank was the first Indian commercial Bank to set up a Branch at Hong Kong. In fact, the Bank got the Certificate of commencement of business and registered as a Fully Licensed Bank in Hong Kong with effect from 18/3/1952.

  1. Bank Savings Account Interest Rates
  2. Uco Bank Savings Account Interest Rate Calculator
  3. Uco Bank Savings Account Interest Rate Calculator
  4. Uco Bank Savings Account Interest Rate Singapore
  1. Currency Period Interest Rates; USD (Indicative rate) 1 Year: 0.03: HKD (Indicative rate) 1 Year: 0.25: EUR (Indicative rate) 1 Year-0.82: GBP (Indicative rate).
  2. List of Savings Account Banks Minimum Balance Required (INR) Savings Account Interest Rates (Per Annum) Allahabad Bank: 1000: 3.00% - 3.15%: Andhra Bank.

Savings Accounts

Interest
  • Available in HKD & USD
  • With Cheque book facility
  • Attractive Interest rates (payable monthly)

Documents required for opening Accounts:

Uco bank savings account interest rate
  • Completed Account Opening Form
  • Photocopy of Passport
  • Photocopy of Identification Documents
  • Latest passport size photograph
  • Photocopy of address proof
Bank
RETAIL DEPARTMENT
ServicesUSDHKD
Account Opening Charges (Customer On-boarding)- Current A/C100.001,000.00
Account Opening Charges (Customer On-boarding) - Saving A/CFreeFree
Annual Maintenance Charges
(Current A/C) - Corporate / Firms		100.001,000.00
Annual Maintenance Charges
(Current A/C) - Individual		75.00500.00
Minimum Balance (Quarterly Average) for
Current & Saving A/C - Current A/C		5,000.0010,000.00
Minimum Balance (Quarterly Average) for
Current & Saving A/C - Saving A/C		2,000.005,000.00
Issuance of cheque leaves15.00 / book let100.00 / book let
Cheque return charges for each cheque50.00300.00
Stop payment for each cheque50.00300.00
Issuance of Cashier Order20.00150.00
Cash Deposit/ Withdrawal0.25% of the amount deposited/ withdrawn.
Min. USD 2.00		a. Free upto first HKD 50,000/- per day
b. 0.1% for amount over HKD 50,000. (Min HKD 10.00)
Duplicate Statement20.00150.00
Additional charges for certificate of statement20.00150.00
Bank confirmation/ certificate50.00300.00
Initiation of auto-pay instruction26.00200.00
Non-maintenance of Minimum balance - half yearly - (Current Account)50.00300.00
Non-maintenance of Minimum balance – Quarterly (Saving Account)25.00200.00
Inoperative/ Dormant Account Charge - half yearly - (Current Account)100.00800.00
Inoperative/ Dormant Account Charge - half yearly - (Savings Account)50400.00
Instruction for change of Authorized Signatory50.00300.00
Account Closure (within 12 months)50.00300.00
Attestation of Signature25.00200.00
Reference Letter from Bank50.00300.00

A Savings Account is very beneficial with multiple advantages as detailed below:

(1) Earns Interest on your Savings

This is the first and foremost benefit of opening a savings account. It starts earning interest on your money as soon as it is deposited. The interest rate is decided solely by the bank and changes from time to time. Regular interest depends upon the balance of the savings account.

Interest rate in savings account ranges from 3.5% to 7%.

(2) Provides Security of Funds

There is no risk involved in your savings account. It is considered as one of the safest investment alternatives. It even offers you the opportunity to put your money into another investment whenever the time comes.

(3) No Lock-in Period

There is no lock-in period under savings account which means that you can withdraw your deposits anytime you need. There is no need to keep your money in this account for any specific period. You have full flexibility in withdrawal of amount from it.

(4) Offers Liquidity

You can withdraw the amount anytime 24X7 with the use of ATM card or debit card from your account during any emergency even when the bank is closed. In fact, being able to access your money when you need it, is one of the biggest benefit of having a savings account.

(5) Availability of Variety of Savings Account

Many banks offer comprehensive range of savings accounts from regular to premium suiting to your personal banking needs. There are different types of savings accounts offered by various banks that differ based on the interest rates and duration of time commitments. You can choose any of them which suits your financial objectives and requirements.

(6) Services of Customer Relation Manager

Now-a-days many of the banks engage a Customer Relation Manager (CRM) who will help not only solve your queries but also assist you in tax saving, investment, mutual fund schemes, insurance, bank procedures, etc. You need to just call your CRM and he/ she will assist you solve your problem.

Uco bank savings account interest rate today

(7) Online Banking Facilities

Bank Savings Account Interest Rates

If you maintain a savings account, you can make many transactions online also such as payment of bills, fund transfers using RTGS/ NEFT or IMPS, etc. This will save your time and efforts.

(8) Provides ATM/ Debit Card

You will be offered a debit or ATM card with a nominal charge or without any charges, as offered by your bank. With the help of this card, you can withdraw the funds, make transactions in shops, make payments of bills, etc.

(9) Helps you Get Credit or Loan

The relation you maintain with the bank will help you in getting credits from the bank such as home loan, personal loan. You will also be in a position to negotiate with the banker on the interest rates.

(10) No Cap on Deposits

Uco Bank Savings Account Interest Rate Calculator

There is no limit on the amount deposited and number of times it is deposited.

Uco Bank Savings Account Interest Rate Calculator

(11) Facility to link Loan EMIs, Mutual Fund SIPs or RD deductions

Uco Bank Savings Account Interest Rate Singapore

You get a facility to link your monthly loan EMIs, Mutual Fund SIPs or RD deductions through the savings bank account.

Bank

(12) Free Mobile App

Most of the banks provide their mobile app for free. Through this app, you can get to know your account balance, check your statement, make transactions, easy transfer of money, etc.