UCO bank is the first commercial bank in India, with head office located at Kolkata . This bank was founded in the year 1943. This bank is a government of India undertaken public sector bank. UCO bank provides all kinds of core banking and financial services to its customers. The bank is known for providing world class banking services with the effect of change in the picture of global banking and commerce.
There are 3000 service centers for UCO bank country wide. This bank has international financial centers in Hong Kong and Singapore. This bank has 42 zonal offices all over the country.
Savings Account minimum balance limit and charges
=> An Indian resident can open savings account as either individual, joint account, association, trust or Hindu undivided family.
=> Minimum balance limit for individuals with cheque book facility in rural localities is Rs.250 and for others it is Rs.500.
=> For semi urban localities the minimum balance limit for individuals is Rs.500 and for others it is Rs.1000.
=> For urban localities and metropolitan for individuals it is Rs.1000 and for others minimum balance limit is Rs.1500.
=> Savings account minimum limit balance for account holders without cheque book facility is Rs. 100.
=> For semi urban localities for savings account without cheque book facility the minimum amount will be Rs.250.
=> The minimum limit amount for urban and metropolitan localities is Rs.500.
=> If any short fall in minimum balance, the penalty will be 26% below Rs.100 to Rs.500 and minimal penalty is Rs.10.
=> If minimal balance is above Rs.500 the penalty will be above 36%.