How many types of accounts are there in UCO Bank?

UCO bank has three types of savings accounts that can help you in planning the financing of your earnings better: UCO Saral Savings Deposit Scheme. UCO No-frills Savings Bank Account (Zero Balance) UCO Smart Kids Savings Bank Scheme.

What are the 4 types of bank accounts?

Different Types of Bank Accounts in India

Current account. A current account is a deposit account for traders, business owners, and entrepreneurs, who need to make and receive payments more often than others.
Savings account.
Salary account.
Fixed deposit account.
Recurring deposit account.
NRI accounts.

What is UCO Bank minimum balance?

Initial deposit for opening the account and maintenance of minimum balance - The Savings account can be opened with a minimum initial deposit of Rs.5/-. In case of cheque facility being availed by the account holder, the minimum initial balance should be Rs.250/-.

What are the 3 types of bank accounts?

The most common types of bank accounts include: Checking accounts. Savings accounts. Money market accounts (MMAs)25-Jul-2022

What are the 7 types of checking accounts?

Types of checking accounts

Traditional checking account. These normally offer checks, a debit or ATM card and online bill pay options.
Student checking account.
Senior checking account.
Interest-bearing account.
Business checking account.
Checkless checking.
Rewards checking.
Private bank checking.

What are the 2 types of savings accounts available?

Here are some of the variations of Savings Accounts you can find at any bank:

Regular Savings Account.
Zero Balance or Basic Savings Account.
Women's Savings Account.
Kids' Savings Account.
Senior Citizens' Savings Account.
Family Savings Account.
Salary Account – Salary Based Savings Account.

What are the 5 basic accounts?

The 5 Account Types

Assets.
Liabilities.
Expenses.
Income (Revenue)
Equity.

Which type of account is best?

Retirement Accounts These are the best types of bank accounts for saving for retirement because they allow you to invest your money in the stock market, which creates the potential for greater returns than you could get on deposits in other types of bank accounts.24-Oct-2021

What are the 6 account types?

Types of accounts

Asset accounts are used to recognize assets.
Liability accounts are used to recognize liabilities.
Equity accounts are used to recognize ownership equity.
Revenue accounts are used to recognize revenue.
Expense accounts are used to recognize expenses.
Gain accounts are used to recognize gains.

What is the limit of UCO Bank?

Transaction limits under mBanking plus and UPI:-

What is the limit of UCO Bank ATM card?

Daily limit: ATM – Rs 50,000 & POS /Ecomm: Rs 2,00,000. 2-times International longue access free per year per card.

Which bank has 0 minimum balance?

Special Feature. Kotak Mahindra Bank has introduced three kinds of zero balance accounts out of which Kotak 811 Full KYC account is the most useful as it provides a cheque book and a debit card (if required by paying INR 199) and a free digital debit card. Facility of NEFT, IMPS, RTGS available without any charge.15-Nov-2022

What is account type in ATM?

At an ATM, we are always faced with the option of choosing between a Saving Account or a Current Account. These are two kinds of accounts that have been set up to serve different purposes and address the financial needs of different kinds of users.

What are the 3 main savings accounts?

While there are several different types of savings accounts, the three most common are the deposit account, the money market account, and the certificate of deposit.08-Mar-2019

What is a salary account?

Salary Package account is a special savings account offered to salaried customers which provide unique benefits and services, as well as seamless access to the most advanced and secure Net Banking and Mobile Banking services.

How many types account in bank?

There are generally two types of bank accounts: current accounts and savings accounts. Both provide available liquidity (you can deposit and withdraw money at any time), are easy to open with your ID, and earn very low or zero interest. However, they also have significant operational capacity.

Is salary account a checking account?

By definition, a Salary Account is a type of Savings Account, in which the employer of the account holder deposits a fixed amount of money as 'salary' every month.

How many types of account bank have?

Traditionally, there are four types of bank deposits in India, which are - Current Account, Recurring Deposits, Savings Accounts, and Fixed Deposit Accounts.

What are the 4 types saving?

Four kinds of savings

The Emergency Fund. This is your "Do Not Touch"fund.
The "I can touch"fund. This is for things you know are going to happen, but just not every month.
"I know what I want, I just need to pay for it"fund. This kind of savings is for a specific goal or purchase.
Long-term savings.

Which type of savings is best?

1. Emergency fund. An emergency fund is the first and most important type of savings account you should have. Emergency funds protect you from surprise expenses, job losses, or other disasters that you need money to handle.23-Apr-2021

What account is best to save money?

The Best Places to Save Money

High Yield Savings Accounts.
Certificates of Deposit.
Traditional Savings Accounts.
Money Market Accounts.
Treasury Bills and Bonds.
Retirement Savings Accounts.

How many types of accounts are there in UCO Bank?