UCO Bank saving account interest rates help customers grow their savings. As of 2024, the interest rates for UCO Bank savings accounts range from 2.6% to 2.75% per annum, depending on the balance maintained in the account. These rates are applicable across both urban and rural branches, making UCO Bank a viable option for a broad range of customers.
What is the UCO Bank Interest Rate on Saving Account?
For balances up to INR 10 lakh, the interest rate is around 2.6%.
For larger balances above INR 10 lakh, UCO Bank offers slightly higher rates, generally it is 2.75%.
The interest on UCO Bank savings accounts is calculated on a daily basis and credited to the account on a quarterly basis. The interest earned on all savings accounts is taxable and customers need to declare it as part of their annual income when filing income tax returns.
Basically, UCO Bank saving account interest rates offers a secure and accessible savings account option with reasonable interest rates, catering to a wide range of customers in India. I hope you get an idea of UCO Bank interest rates on savings account.
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What is UCO Bank Saving Account Interest Rate?
nia
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45 days
2024-09-30T06:56:55+00:00 2024-09-30T06:56:56+00:00Comment
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