PART A - UCO VEER SHAKTI - PRODUCT FEATURES, SALIENT FEATURES
PRODUCT FEATURES - 'UCO VEER SHAKTI' | ||
1. | Who can open? |
|
2. | Eligibility | Serving and Ex-Servicemen / Retired employees of Indian Armed Forces and Para Military Forces furnished as below:- Indian Armed Forces
Para Military Forces
|
3. | Minimum Balance | The ‘UCO VEER-SHAKTI’ allows the depositor not to maintain a mandatory minimum amount of balance in the account i.e. ZERO Balance Account. |
4. | Criteria | For Serving Employees
For Ex-Serviceman / Retired Employees
|
5. | Objective | To enable the serving and retired employees of Indian Armed Forces and Para Military Forces to draw their salary through ‘UCO Veer Shakti’ product-scheme along with additional facilities like overdraft facility in case of unforeseen financial requirements along with other benefits /freebies and add-ons. |
6. | Variants | The ‘UCO Veer-Shakti’ product-scheme for the employees of Indian Armed Forces and Para Military Forces comes under four variants mentioned as below:- 1. Cadre - Serving Non Officers 2. Cadre - Serving Officers |
SALIENT FEATURES OF 'UCO VEER-SHAKTI' PRODUCT-SCHEME | |||||
SN | Parameters | Cadre - Non Officers Cadre - Pensioners Non-Officers |
Cadre - Officers Cadre - Pensioners Officers |
||
1. | Scheme Code |
Serving Non Officers (SB 129) |
Serving Officers (SB 130) |
||
2. | Lifetime Unique Savings Bank Account Number |
Available. |
Available. |
||
3. | Cheque Book |
50 Cheque Leaves free per half year. |
100 Cheque Leaves free per half year. |
||
4. | Pay Order / Demand Draft |
Upto Rs. 10000/- Free per day. |
Upto Rs. 20000/- Free per day. |
||
5. | NEFT / RTGS |
FREE. |
FREE. |
||
6. | Standing Instructions within UCO Bank Branches. |
FREE. |
FREE. |
||
7. | Overdraft Facility |
Minimum Rs. 10000/- and Maximum 1 month net take home salary / pension or Rs. 1 lac whichever is lower. |
Minimum Rs. 10000/- and Maximum 1 month net take home salary / pension or Rs. 1 lac whichever is lower. |
||
8. | Issuance of Debit Card. |
Free - Personalized Free - Free - |
Free -Personalized Free - Free - |
||
9. | Usage of Debit Card. |
Free - Unlimited number of transactions on UCO Bank ATM Free transactions at other Bank ATMs, however, subject to RBI regulations. |
Unlimited number of transactions on UCO Bank ATM and other Banks ATM. |
||
10. | Transactions at ATM. |
Any number of transactions subject to a Maximum Limit of Rs. 50000/- per day including POS and e-commerce. (Per day Cash withdrawal Limit upto Rs. 50000/-). |
Any number of transactions subject to a Maximum Limit of Rs. 1 lac per day including POS & e-commerce. (Per day Cash withdrawal Limit upto Rs. 50000/-). |
||
11. | Cheque Collection. |
||||
a. | At Same Centre |
At Same Centre- Collection of local cheque by any CBS branch at the same centre where base branch is located - FREE. |
|||
b. | Inter Sol Charges. |
Inter Sol charges on such transactions - FREE. |
|||
c. | Outstation Cheque Collection charges. |
At Other Centre - FREE. |
|||
12. | Cash Deposit. |
||||
a. | Inter Sol charges for Deposit of Cash at a Non-base branch at other SOL. |
Fully Waived. No cash handling charges upto Rs. 50000/- per day. |
|||
b. | Deposit of Cash at any branch of other Bank for credit to account with our Bank Branch & vice-versa. |
Will attract normal applicable charges. |
|||
13. | Cash Withdrawal a. At Local Non-base branch. b. Outstation Non-base branch. |
Self-withdrawal limit upto Rs. 50000/- per day. Self-withdrawal limit of Rs. 50000/- per day to customers through self cheques at non base branch. No third party cash payment / withdrawal allowed at Non-base branch. |
|||
14. | e-banking / |
AVAILABLE. |
|||
15. | Utility Bill Payment. |
Free via net banking. |
|||
16. | Locker Facility. |
Preferential treatment subject to availability of Locker bins. |
|||
17. | SMS Alerts |
Free |
|||
18. | Interest Concession. |
Serving /Ex-Servicemen / Retired Employees of Indian Armed Forces and Para Military Forces will be eligible for Retail Loans under Home, Car and Cash Loans with concession in ROI upto 25 bps subject to applicable rate not below UCO Banks Base Rate. |
|||
19. | Concession in Processing Fees. |
Processing charges on Home Loan and Car Loan is Fully Waived for UVS Account Holders. |
|||
20. | Auto Sweep Facility. |
Above Rs. 15000/- Auto Sweep-in Auto Sweep-out in tranches of Rs. 5000/- (Min. 7 days and Max. period 179 days with no pre-mature penalty clause). |
|||
21. | Passbook Updating. |
Free updating at Base and Non Base Branches. |
|||
22. | UVS Advantage. |
Continued account benefits post retirement also. |
|||
23. | Processing of Education Loan |
Education Loan Proposals favoring children of UVS account holders will be dealt with on priority for expeditious disposal as per extant guidelines. |