A bank is an institution which deals in money and credit. Thus, bank is an intermediary which handles other people’s money both for their advantage and to its own profit. A bank is a factory of “CREDIT”.

According to section 5(1)(b), Banking means accepting for the purpose of lending or investment of

deposits of money from the public, repayable on demand on otherwise and withdrawal by cheques,

draft, order or otherwise.

6thJanuary 1943 : Incorporation of the Bank.10thMay 1943 : Starting of the formal operation. During the year it opened 14 branches across the country.

1947: the Bank had 76 branches1957: the Bank opened its 100thbranch1969: nationalized with 372 branches1977: opened the 1000thbranch1985: the name changed to “UCO Bank”1997: formulation of 3-year Strategic Revival Plan

1997- 2000 and implementation there off.2000: formulation of 3-year Medium Term Revival Plan 2000-2003 with the objective of becoming a “TOP CLASS BANK”.2003: went Public in Sep.’03 creating a history in terms of oversubscription and no. of applications received.2004-2008: the Bank consolidated its bottom line following the Policies/Strategies taken to improve its financial health2009: The Bank’s Slogan is we shall make UCO a truly” WORLD CLASS FINANCIAL INSTITUTION ".

To be a top-Class Bank to achieve sustained growth of business and profitability, fulfilling socio-economic

obligations, excellence in customer service, through up gradation of skills of staff, their effective participation and

making use of state-of-the-art technology.

To emerge as the most trusted, admired and sought-after world class financial institution and to be the most preferred destination for every customer and investor and a place of

pride for its employees.

Strengths of UCO Bank.

In order to help out and satisfy the need of the customers, the bank has introduced pre-FUNDED cheques with an upper limit inscribed on it to be used as gift cheques ; travelers cheques or as a normal cheque. The scheme shall operate in CBS branches only and such cheques are payable at par at all CBS branches.

UCO tax saver deposit scheme: Deposit under the scheme is eligible for deduction under

Section 80C of the Income Tax Act upto a maximum limit of Rs.1 lac (subject to the overall ceiling of Rs.1 lac along with other deductions already available under 80C)

Debit CardsCredit Cards

Other Facilities Cheque facility Tax saving facility

TIME PERIOD(Days)

RATE OF INTEREST (%)

15-29 1.00

30-45 2.00

46-60 2.50

61-90 3.00

91-120 3.50

121-179 4.00

180-269 4.50

270-1 year 5.50

1year and above

6.00

Savings Bank AccountCurrent AccountCurrent Account in Foreign CurrencyFixed deposit AccountUCO attractive deposit schemes.

ATTRACTIVE DEPOSITS SCHEMES

Money back recurring deposit (Makes your dream come true):It is a long term recurring deposit scheme with intermediate withdrawal facility. Deposits are to be made every month and the maturity period is after 120 months.

Friend in need is a friend in Deed (a fixed deposit with cheque facility):This term deposit earns high interests and simultaneously offer overdraft facility through a current A/C. Cheque facility is available for withdrawal of money limited to 90% of the deposit. The drawals together with interest can be paid back in installments, without affecting the growth of the deposit.

Two way deposit scheme(Make your idle money grow):This deposit scheme is devised to invest the surplus fund that you may keep in your savings bank on current A/c. Under the scheme, the surplus fund is invested in short term deposits of 46 days and then is either paid back or renewed as desired by the customer. The deposits earn a high rate of interest while retaining its liquidity.

Lakshmi Yojana(Hope for your future):It is a long term recurring deposit scheme with variable monthly deposits. The interest on deposits is calculated as the minimum monthly balance between the 10th and the last day of the month and is credited to the account every half year. The amount deposited will attract interest as applicable to term deposits. This yojana is the best for children future plan.

Kuber yojana(A safe deposit to increase your wealth):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 scheme meets the needs of a safe long term investment.

Flexible fixed deposit schemes:Deposits are accepted under re-investment plan with the difference that a part of the deposits can be prematurely encashed without affecting the remaining portion that continues to gain interest at the agreed rate. Withdrawal is allowed in multiples of Rs.5000/-. It is indeed a matchless scheme to take care of your emergency needs.

Special deposit scheme for senior citizens:For all term deposits, from senior citizens of age above 60 years and above, regardless of size of deposits, an additional interest 0.5% over the normal rate of interest will be payable on maturity periods of one year and above. This will be applicable for fresh term deposits and renewals.

Verification of age:For the purpose of verification of age, at the time of opening a new term deposits account of a senior citizen, the branch should satisfy the following documents:Secondary school leaving certificate indicating date of birth.LIC PolicyVoters identity cardPension payment orderBirth certificate issued by the competent authority.Passport or any other document acceptable.

Senior citizens enjoy the following facilities:Waiver of penalty for premature withdrawal: For all fresh deposits a renewal under the special deposit scheme for senior citizens, there will be no penal rate for premature withdrawal of term deposit. However the interest applicable in case of premature withdrawal is kept with the bank.

Free remittance facility: Senior citizens will be offered free remittance facility upto Rs.500 per month i.e. without payment of any commission.

Loan facility: Depositors under this scheme will be eligible for loans under the UCO pension scheme.

Parameters

Trend Absolute Rsin Crores

% Growth

Business34,354 25.34

Deposits 20,312 25.42

Advances 14,042 25.24

Investments

4,756 19.31