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Uco Bank Savings Interest Rates (as on 03 Mar 2021), List of Banks for Savings Account 2021 Documents & Eligibility to Open Savings Account. UCO Bank FD Rates. The Fixed Deposit scheme is UCO Bank is exceptional. The UCO Bank FD Rates differ for the amount of principal invested and the tenure that it is invested for. Another reason for the fluctuation of UCO Bank FD Rates is the nature of the account holder. Senior citizens get a higher interest rate when compared to the other cadre.

1. Uco Bank Savings Account Interest Rate Per Month

Which bank gives highest PPF account interest rates? The Public Provident Fund (PPF) is a savings-cum-tax-saving scheme is introduced by National Saving Institute of the Ministry of Finance and it's not a product of any particular bank, so PPF interest rate will same for all the banks as well as post offices. 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).

Savings Accounts

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

Documents required for opening Accounts:

• Completed Account Opening Form
• Photocopy of Passport
• Photocopy of Identification Documents
• Latest passport size photograph
• Photocopy of address proof

RETAIL DEPARTMENT Services USD HKD Account Opening Charges (Customer On-boarding)- Current A/C 100.00 1,000.00 Account Opening Charges (Customer On-boarding) - Saving A/C Free Free Annual Maintenance Charges (Current A/C) - Corporate / Firms 100.00 1,000.00 Annual Maintenance Charges (Current A/C) - Individual 75.00 500.00 Minimum Balance (Quarterly Average) for Current & Saving A/C - Current A/C 5,000.00 10,000.00 Minimum Balance (Quarterly Average) for Current & Saving A/C - Saving A/C 2,000.00 5,000.00 Issuance of cheque leaves 15.00 / book let 100.00 / book let Cheque return charges for each cheque 50.00 300.00 Stop payment for each cheque 50.00 300.00 Issuance of Cashier Order 20.00 150.00 Cash Deposit/ Withdrawal 0.25% of the amount deposited/ withdrawn.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 Statement 20.00 150.00 Additional charges for certificate of statement 20.00 150.00 Bank confirmation/ certificate 50.00 300.00 Initiation of auto-pay instruction 26.00 200.00 Non-maintenance of Minimum balance - half yearly - (Current Account) 50.00 300.00 Non-maintenance of Minimum balance – Quarterly (Saving Account) 25.00 200.00 Inoperative/ Dormant Account Charge - half yearly - (Current Account) 100.00 800.00 Inoperative/ Dormant Account Charge - half yearly - (Savings Account) 50 400.00 Instruction for change of Authorized Signatory 50.00 300.00 Account Closure (within 12 months) 50.00 300.00 Attestation of Signature 25.00 200.00 Reference Letter from Bank 50.00 300.00

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

Casilando. 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.

(7) Online Banking Facilities

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

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

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

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

(12) Free Mobile App

Uco Bank Savings Account Interest Rate Per Month

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.