How to Open a Minor Account in UCO Bank?

A minor Account is an account that is opened in the name of the minor child i.e. below 18 years of age.  Now, the question might arise why should we open a Minor account in the name of our child?

Well, to educate your child about financial systems. A young brain adapts things fast and hence, early exposure to these things is very important for the holistic development of your child.

Financial Education is something that is not taught in our schools and hence, as a parent you must introduce these topics to your child.

Opening a minor bank account can be a very good initiative for that as you can open the bank account for them and ask them to save funds for their future. You can develop a habit of savings and cash flow management.

You can open a Minor account in any of the banks including Government banks in India. UCO Bank is one such bank where you can open a minor bank account.  

In this article, we will discuss how to open a minor Account in the UCO Bank, Documents required, Features, etc.

How to Open a Minor Account in UCO Bank

Eligibility for Opening Minor Account in UCO Bank

The following are the eligibility criteria for opening a Minor account in UCO bank-

  • The minor must be at least 10 years of age to open the minor account in the UCO bank

Features of Minor Account in UCO Bank

The following are the features of a minor account in the UCO Bank-

  • There are no minimum account balance requirements in the Child savings account
  • The account comes with the digital banking features
  • The account also has Cheque book facility
  • The account comes with limited spending restrictions like Rs.3000/- per day and Rs.15,000 per month limit
  • Personalized Debit Card using which you’ll be able to do transactions

How to Open a minor Account in UCO Bank?

The following are the step-by-step instructions on how to open a minor account in UCO Bank-

  • Visit the official UCO Bank premises and ask the bank representative for the account opening form
  • Now, you’ll have to fill out the application form with details like name, address, Mother’s name, father’s name, etc.
  • After filling out the application form, attach all the documents mentioned below along with the initial deposit amount
  • Now, submit all of these things to the bank representative
  • The bank representative will review your application and check all the documents then forward it to the relevant department
  • Now, you will receive an SMS stating your successful account opening
  • After receiving the SMS, you’ll be able to issue an account number and within 4-5 days you’ll also receive the bank starter’s kit which contains your debit card, cheque book, passbook, etc.
  • You’ll have to activate UCO Bank Net Banking and UCO Bank Mobile Banking to use them fully as well.

Documents required for Opening Minor Bank Account in UCO Bank

The following are the documents required for opening a minor account in UCO Bank-

  • Passport sized photographs
  • Address proof- Aadhar Card, PAN Card, Voter’s ID of any of the parent
  • Identity proof- Birth Certificate
  • Duly filled application form


Does UCO Bank Child’s savings account offers interest on the savings account?

Yes, UCO bank Child’s savings account offers an interest rate of 3.50% p.a.  

What is the age limit for opening the UCO bank Minor Account?

The age limit for opening the UCO bank Minor account is 10 years of age and the account is valid up to 18 years of age.

What will happen to my account after the account has attained maturity?

If the account has attained maturity, then your child’s savings account will collapse and you’ll have to either open a new account by submitting a full KYC or you can withdraw the funds from the account.

How to find the Bank balance of the Child’s savings accounts in the UCO bank?

UCO Bank provides multiple ways using which you can easily find the bank balance of your account like UCO Bank Missed Call Number, SMS banking, net banking, mobile banking, etc. is