How can I open UCO Rd online?
How can I open UCO Rd online?
The Savings Account can be opened by submitting an online form (available on the bank’s website) or by visiting a UCO Bank branch and collecting a copy. On submitting the filled in form and KYC documents, the bank will notify the individual once the account is active.
What is Kuber Yojana UCO Bank?
Kuber Yojana A long term fixed deposit scheme. Interest is compounded every quarter by way of reinvestment. Thus the scheme generates a large sum of money at the time of maturity. The minimum period of deposit is 6 months. The maximum period of deposit is 120 months.
What is UCO Sowbhagya Yojana?
The recurring deposit scheme offered by UCO Bank is called UCO Sowbhagya Recurring Deposit Scheme. It offers all facilities of a normal recurring deposit account with the flexibility of varying monthly instalments for a higher yield at the end of the tenure. The interest rates offered are same as Fixed Term Deposits.
What is Rd interest rate in UCO Bank?
5.05% 5.55%
UCO Bank offers recurring deposit under the ‘UCO Sowbhagya RD Scheme’. You can get interest up to 5.05% p.a. an interest of 6.60% on the deposited amount….UCO Bank Recurring Deposit Interest Rate.
| Time Period | General | For Senior Citizen |
|---|---|---|
| 5 years | 5.05% | 5.55% |
What is the minimum balance in UCO Bank?
Savings Account Minimum Balance Requirements
| Type of Account | Minimum Balance |
|---|---|
| UCO Saral Savings Deposit Scheme | Metro: Rs.1,000 Urban: Rs.1,000 Semi-Urban: Rs.500 Rural: Rs.250 |
| No-Frills Savings Bank Account | Nil |
| UCO Smart Kids Savings Bank Scheme | Nil |
| Motor Accident Claim Tribunal SB Account | Nil |
What is the minimum period of deposit that they can accept?
At present, the banks can accept term deposits of Rs. 15 lakh and above for a minimum maturity period of 7 days and in the case of term deposits of less than Rs. 15 lakh, the minimum maturity period has to be 15 days. 2.
Which bank gives highest interest rate on FD?
Best FD Rates in India among Top 10 Banks
- Axis Bank offers the highest FD interest rate of 5.75% p.a. which is for a tenure of 5 years and above for the general public.
- The second highest interest rate is 5.50% p.a. which is offered by HDFC Bank for a tenure of 5 years and above.
How can I get fixed deposit in UCO Bank?
Documents to Open a UCO Bank Term Deposit Account
- KYC Documents such as identity proof and address proof.
- Color passport-size photographs.
- Application form provided by UCO Bank.
- Income proof.
How can I close my UCO Rd account?
In order to close Uco Bank RD account, the first step is to fill up an RD Account Closure Form. For this, you can visit your branch, get the RD account closure form and fill it up properly. After that you need to sign it and submit it to the branch manager/ officer-in-charge.
Is RD is tax free?
Is RD interest taxable?: Recurring Deposits attract no tax exemptions. Income tax has to be paid on the Interest amount received from Recurring Deposits. The tax has to be paid at the rate of the tax slab of the RD holder.
Can I withdraw Rd before maturity in UCO Bank?
No, the amount can only be withdrawn upon maturity. In case you withdraw the amount before maturity, the bank deducts a 1%-2% penalty from the interest accumulated on the RD amount for the period the amount remained with the bank.
Is UCO Bank zero balance?
New Deposit Scheme titled “UCO No-frills Savings Bank Account” Title of the Scheme – “No-frills Savings Bank Account (Zero Balance)”. Initial deposit for opening the account and maintenance of minimum balance – The account can be opened with a minimum initial deposit of Rs. 5/-.
