UCO Bank Children’s Savings Accounts
The bank offers the UCO Smart Kids Savings Bank Scheme for children above the age of 10 years.
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UCO Smart Kids Savings Bank Scheme
The account allows kids to open and run a savings account without any need for joint ownership with parents or guardians.
Features
- Any literate child above the age of 10 years can open and operate the account
- There is no minimum balance requirement
- The kids get two chequebooks a year
- The ATM card is personalised with a photograph. Kids also get a good looking passbook
- Children can withdraw up to Rs. 3,000 per day subject to a limit of Rs. 15,000 per month through ATMs or net banking
- A key benefit of this UCO Smart Kids Savings Bank Scheme is the ability for children to undertake transactions through net banking after a certain period of time
- The bank also offers concessions for education loans
Reference Facts
- UCO Bank Website: ucobank.com and www.ucoebanking.com (net banking)
- Headquarters: Kolkata, West Bengal
- Call Centre Number: 1800 274 0123