COMPARATIVE WORKING PAPER

ON UNITED COMMERCIAL BANK

BY NAME: Anindya Saha COURSE: Post Graduate Programme in Business Management. SEMISTER: 1ST Semester ROLL No: 5 SECTION: Banking and Insurance Project supervisor: Rajesh Kumar

INTERNATIONAL INSTITUTE OF BUSINESS STUDIES

NOIDA, H215, SEC-63, UTTAR PRADESH

2008-2009

Logo of UCO bank

UCO BANK HEAD QUARTER

ACKNOWLEDGEMENT

At onset I would like to express my gratitude to the UCO bank and its members for such cooperation and help which enabled me to complete my study. I would like to thank our college for giving us opportunity in taking such practical knowledge. It is my proud privilege to express my deep sense of gratitude and acknowledge profound appreciation to Sir Rajesh Kumar, faculty of IIBS, for his enthusiastic and able guidance, valuable suggestions and constant encouragement throughout the project work. Finally, I have no matching words to express my debt to my friends who ushered in strength during the entire course of study.

Executive Summary

1.PROJECT TITLE: COMPARATIVE WORKING PAPER ON THE UNITED COMMERCIAL BANK.

2.PLACE OF STUDY: UCO BANK, NEWDELHI.

3.

ORGANISATION: THE UNITED COMMERCIAL BANK.

4.PROJECT GUIDE: MR RAJESH KUMAR

5.OBJECTIVES: THE MAIN OBJECTIVE OF MYPROJECT IS TO FIND OUT AND STUDY THE PRESENT CONDITIONS, FEATURES AND PERFORMANCE OF UCO BANK.

6.RESEARCH METHODOLOGY:

 PRIMARY DATA COLLECTION CONSISTS OF PERSONAL INTERACTION WITH THE BANK EMPLOYEES AND CUSTOMERS. SECONDARY DATA COLLECTION CONSISTS OF INTERNET CATALOGUE AND ANNUAL REPORTS.

INTRODUCTION

Founded in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India as well as eminent professionals like accountants, management experts, economists, businessmen, etc.

Shri S.K. Goel

Chairman & Managing Director

Shri V.K. Dhingra

Executive Director

Vision Statement
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.

Mission Statement
To be a Top-class Bank to achieve sustained growth of business and profitability, fulfilling socio-economic obligations, excellence in customer service; through upgradation of skills of staff and their effective participation making use of state-of-the-art technology. Global banking has changed rapidly and UCO Bank has worked hard to adapt to these changes. The bank looks forward to the future with excitement and a commitment to bring greater benefits to you. UCO Bank, with years of dedicated service to the Nation through active financial participation in all segments of the economy - Agriculture, Industry, Trade & Commerce, Service Sector, Infrastructure Sector etc., is keeping pace with the changing environment.

With a countrywide network of more than 2000 service units which includes specialised and computerised branches in India and overseas, UCO Bank has marched into the 21st Century matched with dynamism and growth!

Overview
We are in the Service of Community since 1943. We have nearly 2000 Service Units spread all over India. We also operate in two Major International Financial Centres namely Hongkong and Singapore. We have our Correspondents/Agency arrangements all over the world. We undertake Foreign Exchange Business in more than 50 Centres in India. We have Foreign Exchange Dealing Operations at 4 Centres.

Strengths
Country-wide presence Overseas Presence with Profitable Overseas Operations Strong Capital Base High Proportion of Long Term Liabilities A Well Diversified Asset Portfolio A Large and Diversified Client Base Fully Computerised Branches at Major Centres Branch representation in Top 100 Centres (as per deposits) in the country

Organisation Structure
Headquartered in Kolkata, the Bank has 35 Regional Offices spread all over India. Branches located in a geographical area report to the Regional Office having jurisdiction over that area. These Regional Offices are headed by Senior Executives ranging upto the rank of General Manager, depending on size of business and importance of loacation. The Regional Offices report to General Managers functioning at Head Office in Kolkata.

Commitment to Customers
In all our promotional activities, we will be fair and reasonable in highlighting the salient features of the schemes marketed by us. Misleading or unfair highlighting of any aspect of any scheme/service marketed by the Bank leading to unfair practice shall not be resorted to by the Bank. In commemorating the 50th Year of Independence of India, the Bank released a booklet entitled " Our Commitment to Customers " incorporating the Citizen's Charter on services provided by the Bank. In our continuing Endeavour to serve our customers better, we have considerably extended the business hours for public transaction at the branches on all weekdays. We have also introduced a number of NO HOLIDAY branches. These branches are open all 365 days a year. Besides, several of our branches have Express DD Counter from where Demand Drafts can be purchased without any waiting time.

Names of Zonal Offices and their e-mail addresses : Sl. No ZONE NAME 1 2 3 4 5 6 7 8 9 AHMEDABAD AJMER BANGALORE BAREILLY BEGUSARAI BHAGALPUR BHOPAL BHUBANESWAR BURDWAN E Mail id [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected]

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27

CHANDIGARH CHENNAI CUTTACK DHARAMSHALA GUWAHATI HOWRAH HYDERABAD INDORE JAIPUR JALANDHAR JODHPUR JORHAT KOLKATA LUCKNOW MUMBAI NAGPUR NEW DELHI PATNA

[email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] mailto:[email protected] [email protected] [email protected] [email protected] mailto:[email protected] [email protected] mailto:[email protected] [email protected] [email protected] [email protected] mailto:[email protected] [email protected] [email protected] [email protected] [email protected] [email protected] mailto:[email protected] [email protected] [email protected] [email protected]

28 29 30 31 32

RAIPUR RANCHI SALTLAKE SAMBALPUR SHIMLA

mailto:[email protected] [email protected] [email protected] [email protected] [email protected] [email protected] mailto:[email protected] [email protected] [email protected] [email protected] mailto:[email protected] [email protected] [email protected] [email protected] [email protected] [email protected]

33 34 35

SURI TRIVANDRUM VARANASI

Nodal Officer handling public grievances : Shri P.K. Sharma General Manager (General Admn. & Customer Service) UCO Bank 1B, Russel Street Kolkata-700 071 Tele No.: (033) 2226-6458 Fax No.: (033) 2226-6459 E-mail Id: [email protected] [email protected]

Last

55.95

Change Open High Low Volume Compliance Officer for Investors' Grievance Redressal Cell Mr.%Change S.K. Ghosh 52 week range Asst. General Manager & Company Secretary -1.15% 61.50 to 22.10 Compliance Officer UCO Bank Head Office (Finance Department, 3rd Floor) 1, R.N. Mukherjee Road Kolkata-700 001 Tel. No.: (033) 22316858 Fax No. (033) 22485625 E-mail: [email protected] UCO BANK'S Share Prices NSE Chart 08-12-2009, 12:34PM, India time
-0.65 56.30 57.10 55.40 267609

Fin anci al Res ults 200 9 Financial Result Financial Result :: 2009 2008

Audited Financial Results for the Year Ended 31st March, 2009 (Rs.in Lakhs) Quarter Ended 31.03.2009 (Audited) 216428 163949 46604 Quarter Ended 31.03.2008 (Audited) 177819 129488 45335 Year Ended 31.03.2009 (Audited) Year Ended 31.03.2008 (Audited)

Particulars

1. Interest earned (a)+(b)+ (c)+(d) (a) Interest/discount on advances / bills (b) Income on investments (c) Interest on balances with Reserve Bank of India and other inter-bank funds (d) Others 2. Other Income 3. Total Income (1+2) 4. Interest Expended 5. Operating Expenses (i) + (ii) (i) Employees Cost (ii) Other operating expenses 6. Total Expenditure (4+5) (excluding Provisions and Contingencies) 7. Operating Profit (Before Provisions and Contingencies) (3-6) 8. Provisions (other than tax) and Contingencies ...of which provision for NPA 9. Exceptional Items 10. Profit(+)/Loss(-) from

812138 619666 175518

650856 475525 157204

5323 552 35634 252062 178957 40361 27509 12852 219318

2181 815 27510 205329 138783 33856 23081 10775 172639

14358 2596 101990 914128 647668 146298 99754 46544 793966

10430 7697 77213 728069 502081 130593 89454 41139 632674

32744

32690

120162

95395

21721 7124

25521 17200

63128 26842

57630 37007

Deposit Schemes
New Deposit Scheme titled "UCO No-frills Savings Bank Account"
In order to include a larger cross-section of the population, who are at the bottom of the pyramid, to avail of the banking services who could not avail of the same on account of some restrictive clauses, namely, minimum initial deposit for opening of the account which is difficult to arrange by such population, maintenance of minimum balance failing which charges are levied etc., it has been felt expedient to introduce a new Savings Deposit Scheme titled "UCO No-frills Savings Bank Account". The salient features of the scheme so designed are as follows :

1. Title of the Scheme - "UCO No-frills Savings Bank Account". 2. Initial deposit for opening the account and maintenance of minimum balance - The
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/-. In case of need, the balance in the account may be allowed to go even below the minimum initial deposit and the account may continue even with "Zero"

balance.
Opening of Account under the scheme - The scheme is introduced in all metro, urban, semi-urban and rural categories of branches without making any differentiation with regard to amounts of initial deposit and maintenance of minimum balance as prevailing at present for opening of Savings Bank Accounts.

3. Eligibility for opening "No-frills Savings Bank Account" - The eligibility for opening
"No-frills" Account will be the same as that for opening an ordinary Savings Bank Account. Persons above the age 10 and below 18 years and are able to read and write may also open a minor no-frills savings account in his own name or jointly with any other person.

4. Restriction of number of withdrawals/debit entries in "No-frills" Account - upto 25

debit entries in a half-year are allowed free in those accounts. In case the debit entries exceed 25 during a half-year, charges will be levied @ Rs.3/- per additional entry during a half-year.

5. Charges to be levied a. For accounts opened with initial deposits of Rs.250/- for having Cheque Book facility, in case the balance comes down below the initial deposit even upto zero balance, usual charge for non-maintenance of initial deposit shall be levied. b. For standing instructions - no charge will be levied. c. Collection of cheques and issuance of Demand Drafts/MTs are permitted in those accounts and normal charges are to be levied for those services. d. For accounts with cheque book facility, one cheque book of 20 leaves to be provided free of charge in each year. Any additional requirement of cheque leaves during a year will attract a charge of Rs.2/- per cheque leaf. e. No incidental and folio charges will be levied in these accounts. f. All other charges for services as presently applicable for normal Savings Bank Account are to be levied and recovered.

6. Compliance of KYC Guidelines - Simplified KYC procedures for opening of Accounts

as advised through Bank's Circular No. CHO/SUA/39/2005-06 dated 29.08.2005 may be adhered to. The salient features of the Circular are mentioned hereunder for ready reference : In case, the person concerned who wants to open the account is not able to produce any of the specified documents, required to be verified at the time of opening of account to establish the identity and address of the customer, the account may be opened for those persons subject to compliance of the following : a. Introduction from another account holder who has been subjected to full KYC procedure. The introducer's account with the bank should be at least six month old and should show satisfactory transactions. Photographs of the customer who proposes to open the account and also his address need to be certified by the introducer. or b. Furnishing any other evidence as to the identity and address of the customer to the satisfaction of the bank. However, while opening such accounts the customer should be made aware that if at any point of time, the balance in all his/her accounts with the bank (taken together) exceeds Rs.50,000/- or total credits in the accounts exceed

Rs.1.00 lakh in a year, no further transaction will be permitted in the account until full KYC procedure in regard to verification of identity and address of the customer through the documents as specified are complied with.

UCO Bank's attractive Deposit Schemes promise you high growth and easy liquidity

Besides the facilities of opening Current Deposit/Savings Bank Deposit/regular Recurring Deposit and Fixed Deposit accounts, customers in UCO Bank are provided with a number of well thought out deposit schemes, tailor made to suit different needs of different people each in its own way maximizing the benefits for the depositor.

MONEY BACK RECURRING DEPOSITS

(MAKES YOUR DREAMS 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. You will be having two options : You may opt to have one intermediate withdrawal at the end of 60 months and get the final payment at the end of 120 months, or You may withdraw immediately at the end of 36 months and 72 months, and get the maturity amount at the end of 120 months.

The scheme meets your long term monetary requirements.

FRIEND-IN-NEED SCHEME
(A FIXED DEPOSIT WITH CHEQUE FACILITY) This Term Deposit earns high interest and simultaneously offers overdraft facility through a Current Account. Cheque facility is available for withdrawal of money limited to 90% of the deposit. The drawals together with interest can be paid back in instalments, without affecting the growth of the deposit. This unique combination of fixed deposit with cheque facility comes as your true friend in meeting your emergency needs.

TWO-WAY DEPOSIT SCHEME

(MAKES YOUR IDLE MONEY GROW) This deposit scheme is devised to invest the surplus fund that you may keep in your Savings Bank or Current Account. Under the scheme, the surplus fund is invested in short term deposits for 46 days, and then is either paid back or renewed, as desired by you. The deposit earns a high interest while retaining its liquidity. The periodical transactions can be automatic as per your instructions. By making use of your idle money, the scheme provides you an option to meet both your short term and long term requirements.

LAKSHMI YOJANA
(A HOPE FOR YOUR FUTURE)

It is a long term Recurring Deposit scheme with variable monthly deposits. The interest on deposit is calculated as the minimum monthly balance between the 10th and the last day of a month, and is credited to the account every half year. The amount deposited will attract interest as applicable to Term Deposits. Upto 90% loan facility on deposit amount is available at a nominal interest. The Yojana is best suited to shaping a bright future for your child.

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 need for a safe long term investment.

FLEXIBLE FIXED DEPOSIT SCHEME

(A FIXED DEPOSIT WHOLLY AT YOUR BENEFIT) Deposits are accepted under reinvestment plan with the difference that a part of the deposit can be prematurely encashed without affecting the remaining portion that continues to earn 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 CITIZEN 1.1 For all term deposits (domestic/NRE), from Senior Citizens of age 60 years and above,
regardless of size of deposits, an additional interest of 0.5 per cent 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.

1.2 Verification of Age: For the purpose of verification of age, at the time of opening a new
term deposit account of a Senior Citizen, the branches should satisfy about the age by verifying any of the following documents :i. ii. iii. iv. v. vi. vii. Secondary School Leaving Certificate indicating date of birth, LIC Policy, Voters Identity Card, Pension Payment Order, Birth Certificate issued by the competent authority, Passport, or Any other document acceptable to the branches.

1.3 Renewal of Accounts of Senior Citizens

Once the age of a Senior Citizen is verified for accepting a term deposit under this special scheme, bank shall not seek proof of age for renewal of the deposit or for accepting subsequent term deposits from the same depositor under this special scheme.

1.4 Treatment of Joint Depositors

For term deposits from Senior Citizens jointly, with other person below the age of sixty years, under this special scheme, it has to be ensured that the name of the Senior Citizen is noted as the first name in the application for such deposits.

1.5 Automatic Transfer to Nominee

For this special deposit scheme for Senior Citizens, there will be automatic transfer of deposits to the nominees of such depositors in the event of death of the depositor.

1.6 Eligibility for Members of Staff

Branches may pay additional interest to our retired staff members, who are senior citizens on their fresh term deposits and on renewals of existing term deposits as follows:

Period of Deposit
180 days to less than 3 years 3 years and above

Normal Staff Privilege

1% 1%

As a Senior Citizen
0.25% 0.50%

Total extra interest

1.25% 1.50%

There is no restriction in regard to the minimum amount. However, the amount of maximum deposit shall not exceed Rs. 25 lacs per ex-staff member.

Senior Citizens also enjoy the following facilities :-

(a) Waiver of Penalty for Premature Withdrawal : For all fresh term deposits and

renewals under the Special Deposit Scheme for Senior Citizens, there will be no penal rate for premature withdrawal of term deposits. However, interest rate applicable in case of premature withdrawal of deposit will be the rate as prevailing at the time of opening the deposit account and as applicable for the period for which the deposit was actually kept with the bank.

(b) Free Remittance Facility : All deposit holders under the Special Deposit Scheme for
Senior Citizens will be offered free remittance facility up to Rs. 5000/- (Rupees five thousand only) per month i.e. without payment of any commission . However, to avail of this free service, requisite funds to be remitted must be routed through the depositors Current or Savings account.

(c) Loan Facility : Depositors under this scheme will be eligible for loans under the UCO
Pension Scheme.

CURRENT ACCOUNT IN FOREIGN CURRENCY AT OUR INDIAN BRANCHES

Eligibility Resident Individuals only

Type of Account Current Account only Interest The account does not bear any interest. Currency of the Account Account may be opened in US Dollars, Great Britain Pound, Euro and Japanese Yen. Minimum Balance to be maintained US Dollars GBP Euro Japanese Yen US$ 500/GBP 325/Euro 500/JPY 60,000/-

Maximum Amount/Balance in the Account There will be no upper ceiling on the balances held in the account. Joint Accounts Joint RFC (D) account can be opened with a resident eligible to open RFC (D) account. Nomination Facility Nomination facility is permitted. Permitted Credits in the Account Foreign exchange acquired by the Resident Individual: a. while on a visit to any place outside India by way of payment for services not arising from any business in or anything done in India; or b. from any person not resident in India and who is on a visit to India, as honorarium or gift or for services rendered or in settlement of any lawful obligation; or c. by way of honorarium or gift while on a visit to any place outside India; or d. represents the unspent amount of foreign exchange acquired by him from an authorised person for travel abroad. e. foreign exchange earned and/or gifts received from close relatives (as defined in the Companies Act) and repatriated to India through normal banking channels by resident individuals. Foreign exchange earnings could be through export of goods and/or services, royalty, honorarium, etc.

Permitted Debits in the Account Debits to the account shall be for payment towards current/capital account transactions in accordance with the existing foreign exchange regulations only.

FIXED DEPOSITS IN FOREIGN CURRENCY AT OVERSEAS BRANCHES

Eligibility Resident Individuals only Type of Account Fixed Deposit Account Currency of the Account Account may be opened in US Dollars, Great Britain Pound, Euro and Australian Dollar. Minimum Amount US Dollars GBP Euro AUD Interest Please contact our domestic or overseas branches. Tenure of Deposits For the period from one month onwards. Funds for Opening the Account Funds can be remitted by Resident Individuals through our A & B category Indian branches or any other Authorised Dealer in India designated by them for all the remittances under the Scheme in compliance to RBI circular No. A.P. (DIR Series) Circular No. 64 dated February 4, 2004 or as amended from time to time. US$ 5,000 GBP 3,000 Euro 4,000 AUD 7,000

Premature withdrawal of deposits The interest is paid at the rate of half of one percent below the rate for the period for which the deposit has actually remained with the overseas branch, as prevailing on the date of issue/renewal or date of payment, whichever is lower. No interest is paid if the deposit has remained with the overseas branch for less than 30 days. Loans No loan is envisaged by RBI under the Scheme. Local Rules to Apply All deposits will also be subject to Local Rules in the country of Deposit as prevailing from time to time.

Revised Minimum Balance Schedule for deposit accounts(effective from 01.04.2004)

A. Current Deposit Account Category of depositors Metro Individual Others Rs.3000/Rs.5000/As per location of Branch Office Urban Rs.3000/Rs.5000/Semi-urban Rural Rs.2000/Rs.2500/Rs.1000/Rs.2000/-

B. Savings Bank Account (With cheque book facility) Individual Others Pensioners A/C Rs.1000/Rs.1500/Rs.250/Rs.1000/Rs.1500/Rs.100/Rs.500/Rs.1000/Rs.100/Rs.250/Rs.250/Rs.100/-

(Without cheque book facility) All class of depositors Pensioners A/C Rs.500/Rs.50/Rs.500/Rs.50/Rs.250/Rs.50/Rs.100/Rs.50/-

UCO No Frill Savings Bank A/c Minimum initial deposit Rs.5/- (Rs.250/- with cheque book facility) (A/c will be in operation even with zero balance)

R/D A/Cs Minimum instalment Rs.50/Fixed Deposit A/c Minimum deposit Rs.1000/-

UCO Tax Saver Deposit Scheme - 2006 UCO Tax Saver Deposit Scheme 2006 is a Term Deposit Scheme with maturity of not less than 5 years subject to lock in period of 5 years.

Who can open the Account 1. 2. 3. either An individual for himself Hindu undivided family ; Jointly by two adults or jointly by an adult and a minor, and payable to of the holders or to the survivor :

In the case of deposits in joint names, the benefit under section 80C of the Income Tax Act shall be available only to the first holder of the deposit.

Amount of Deposit Minimum Rs.100/- and maximum Rs.1 lac in a year (1st April to 31st March).

Period of deposite and payment on maturity The period of deposit under the scheme shall be not less than five years. Rates of interest on Fixed Deposits under the UCO TAX SAVER Scheme, where the deposit has to be essentially kept for a period of 5 years, will be the rate for term deposit for a period of 5 years with effect from 19.08.2009 as under :

Category of Depositor
General Sr. Citizen Staff/Ex-staff/Ex-staff who is also Sr. Citizen

Rate of Interest % P.A. 7.50% 8.00% 8.00%

Income Tax Benefits -

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 alongwith other deductions already available under 80C)

Nomination facility- available

Transfer from one branch to another -permitted. Inter bank transfer not allowed. Loan against the deposit and Pledging of term deposit receipt - Not allowed Issue of Duplicate Term Deposit Receipt - Duplicate receipts may be issued in accordance with the guidelines in this regard. Applicability of Income Tax on Interest Income - Interest on these term deposits shall be liable to tax under the Income Tax Act.

UCO PREMIUM PLUS

The Bank has introduced a new product --- UCO PREMIUM PLUS CURRENT ACCOUNTS [UPCCA] designed to offer a comprehensive range of REMITTANCE services covering DD / TT /MT / RTGS / NEFT / Pay Orders etc. This simple product aims at maximizing the benefits for the customer who require regular movement of funds. Normal service charges would be applicable for all other services except the remittance services.

SCHEME FEATURES
Free Remittance UCO PREMIUM PLUS offers free remittance facility up to 2 times of the chosen Minimum Monthly Average Balance (MAB) on a daily basis to current account holders who opt to maintain stipulated minimum balance with the bank. Maximum daily remittance limit shall not exceed Rs.20 lacs for the Minimum Monthly Average Balance (MAB) criteria of Rs.10 lacs. OPERATING PROCEDURES Account opening Balance (Initial deposit) Minimum Monthly Average Balance (MAB) (Estimated as average of daily balance) Free Remittance by way of DD/TT/MT/RTGS/ Pay Orders etc. (Maximum Daily limit ) Charges on Non-Maintenance of Minimum Balance (MAB) (per month) 10,000/10,000/10,000/-

Rs.1 lac Rs.5 lac Rs.10 lac to <Rs.5 to <Rs.10 and above lac lac Two (2) times of the Minimum Monthly Average Balance

Rs 1500/- Rs.2500/- Rs.3500/-

STARTING OF THE FACILITY A customer may avail the facility upfront from the date of opening of the UCO PREMIUM PLUS Account. Penalty for non maintenance of minimum balance shall be applicable from the 2nd month onwards. ELIGIBILITY CRITERIA A Person or an entity eligible to open Current Deposit Account as per RBI directives can open UCO PREMIUM PLUS. However, Banks including Co-operative Banks, RRBs and Financial Institutions are not eligible to open accounts under the scheme. Existing Current Account holders may opt to convert their normal current accounts by signing an undertaking as given in the annexure regarding compliance of the scheme requirements. The product will be sold through all CBS branches ACCOUNT OPENING CRITERIA Account can be opened with initial deposit of Rs.10000/=. However, it can be converted into UCO PREMIUM PLUS when minimum balance in the account reaches the stipulated minimum balance criteria and the depositor opt for the scheme by signing the prescribed option form cum undertaking regarding minimum balance, penalty etc. for the purpose (Annexure I). All existing depositor meeting the scheme criteria shall also be eligible to join the scheme on signing the option form cum undertaking (annexure I) A depositor opting for the product need to maintain a minimum Average Monthly Balance (I,e average daily balance during the calendar month). For a broken month (account opening / closing month) average will be taken for actual number of days. The minimum Monthly Average Balance to be opted by the customer should be Rs.1 lac. Higher balance may be chosen in multiple of Rs.1 lac. Free Composite Remittance facility by way of DD/TT/MT/RTGS/ Pay Orders etc. shall be allowed every day upto 2 times of the minimum Average Monthly Balance. The Free Remittance facility shall not exceed Rs.20 lac per day for which minimum balance requirement would be Rs.10 lac..

UCO BANK'S ATTRACTIVE LOAN SCHEMES Being a Commercial Bank, giving Loans and Advances is one of the primary activities. Apart from participation in meeting both Term Loan and Working Capital requirements of Agriculture sector, Trade and Service sector, Large/Medium and Small Scale Industries sector, Infrastructure sector etc. including taking care of their Export/Import and non-fund based needs like Letter of Credit, Bank Guarantee etc., they have a fairly large basket of loan products specially designed to suit your personal needs. Salient features of some of the more attractive Personal Loan Schemes are described below:

UCO Shelter Education Loan UCO Mortgage UCO Nari Shakti UCO Emd Loan

UCO Car UCO Cash UCO Securities UCO Shopper UCO Swabhiman Reverse Mortgage Loan Scheme for Senior Citizen

UCO Trader UCO Rent UCO Real Estate UCO Pensioner Interest Subsidy Scheme for Housing the Urban Poor (ISHUP)

UCO SHELTER This housing finance scheme brings to you an excellent opportunity to have your own house or flat. The scheme has been carefully tailored to suit your requirements and match your capacity. The reasonable rate of interest that you pay will be calculated on reducing balance, i.e. you do not have to pay interest on the loan installments actually repaid from the date of such repayment. Eligibility You are eligible for a loan under UCO SHELTER singly, or jointly as husband-wife/parentson/parent-daughter, if you are

Indian resident having regular source of income. Minimum 21 years of age. Maximum 65 years of age inclusive of repayment period Singly or Jointly as Husband-Wife, Parent-Son & Parent-Daughter Maximum 75 years of age for Senior Citizens availing finance to secure Shelter in Old Age Home against full coverage by Banks own Term Deposit. Purpose Purchase of new independent house/ready built flat for residential purpose. Construction of independent house on the site already owned by the applicant or site proposed to be purchased from own sources. Purchase of old house/flat not more than 30 years old, free from tenancy and constructed as per approved plan. Extension/Repair/Renovation of existing house/flat not more than 50 years old. Takeover of home loans availed from other banks/FIs subject to certain terms. Furnishing of house to be constructed/acquired with UCO Shelter Loan. Loan for more than one purpose is allowed UCO Shelter Loanee may be allowed to avail personal loan also under certain conditions. Purchase of plot of land for housing purpose under certain conditions. Quantum of loan The quantum of loan will be decided as per loan entitlement subject to a maximum of 85% of the total project cost of construction/purchase price of house/flat. Required margin of 15% may be by way of cost of land. Quantum of loan for furnishing will be 75% of cost of such furnishing subject to a ceiling of 20% of loan eligible for construction/acquisition of house/flat. The area-specific maximum limits for construction/purchase are as under : Rural Areas : Rs.25 Lac Semi-urban/Urban/Metro Areas : Rs.100.00 Lac

Maximum limits for Repair/Extension/Renovation are Rs.7.50 lac in rural areas and Rs.25.00 lac in Metro/Urban/Semi-Urban areas. Purchase of Land financing the cost of land in deserving cases upto 50% of cost of land purchased from Urban Development Authorities/Govt. Bodies subject to the ceiling of 30% of the project cost (i.e. Cost of land + Construction Cost). Loan Entitlement Within the above limits, loan entitlement will depend on the following income criteria: Monthly income should be equal to/more than EMI + Rs.4,000/- in case of a family with up to four members Salaried/Non-salaried and agriculturist and banks own staff are entitled for loan With increase in number of members, monthly income requirement goes up progressively by Rs.1,000/- for each additional member. Income of spouse & major children may be considered for enhancing the loan entitlement on their agreeing to stand as guarantor/ coobligant Loan limit can be enhanced if additional liquid security is offered. Second Loan- Allowed for repair/renovation/extension of existing house after one year of first loan with minimum margin requirement of 25% Processing Fee 0.5% of the loan amount minimum Rs.1000.00. Only 0.25% payable on issuance of inprinciple sanction. Balance amount payable on final sanction. No processing fees for take over loan. Repayment The maximum period of repayment is 25 years inclusive of moratorium. However, the monthly interest charged during the moratorium period will have to be paid. The entire loan will have to be adjusted before retirement or 65 years of age, whichever is earlier. Repayment may be made by deduction from monthly salary or by means of post dated cheques. Flexibility in repayment is permissible through stepped up EMIs and in case of farmer borrower, repayment is linked to crop cycles. Both in case of Salaried and non salaried person, repayment period may be enhanced to certain period over and above the prescribed period depending upon repaying capacity of the co-applicant. Prepayment charge 2% of the prepaid amount, if the loan is prepaid within 3 years. No prepayment charges thereafter. However, no pre-payment charges are to levied if loan is pre-paid from own source.

Tax Benefits Tax relief on principal and interest components of this loan would be available as per provisions prevailing under Income Tax Act.

Insurance Insurance cover on property under UCO Griha Raksha Yojna Scheme of NICL and personal accident benefit to the borrower is available on death only to cover the outstanding balance under UCO Griha Lakshmi Yojana Scheme (UCOGLYS). Group insurance cover to home loan borrowers is available against any type of death from Rs.50000/- to Rs.100.00 lac under UCOGLYS..

UCO CAR This is an easy finance scheme for purchase of a new car as well as second hand vehicle not older than 5 years and economic life of a vehicle should be taken as 8 (eight) years from the date of manufacture of the vehicle. Eligibility Salaried Persons The applicant must be a permanent employee having completed 2 years of service and remaining period of service of more than 5 years. The minimum monthly take-home pay must be Rs. 7,500/- + EMI. Professional & Businessmen Minimum income should be Rs. 1.20 Lac per annum as per Income Tax Return/Assessment. LIC Policy equal to the amount of loan should be assigned in favour of the Bank. Quantum of loan The amount of loan would be 85% of the cost of vehicle or Rs. 7.50 lacs whichever is lower in case of purchase of new car. For purchase of old car, the maximum quantum would be 60% ( if age of car is more than 4 years old ) and 70% ( if the age of car is upto 4 years old) of the cost of the vehicle or Rs.3.50 lacs maximum. For second hand vehicle "certificate of fitness" and valuation certificate is required. 1% service charge is applicable subject to a ceiling of Rs.1000/- only.

Repayment The loan amount together with interest will have to be repaid within a maximum of 60 months. In case where at source deduction is not possible, repayment should be made by post dated cheques in 60 installments. In case of second hand/Pre-used vehicle the loan with interest should be repaid within the residual economic life of the vehicle but not exceeding 36 installments. 0.5% charge is levied on pre-paid amount if loan limit is above Rs. 2 Lac.

UCO TRADER It is a loan for financing working capital and Term Loan needs of Retail and Wholesale trading activities other than Export. Retail and Wholesale trade in various types of commodities (not services) excluding those items which are specifically prohibited/restricted by the Bank, are financed through this scheme. Fund based Advance is granted by way of Cash Credit against stock as well as Book debt and Term Loan for acquisition of fixed assets to run the trade and business. Eligibility Existing enterprises engaged in business for at least 2 years and earning profit during the last 2 years. New trading unit started by existing UCO Trader borrowers or their close relatives/ allied/associate/connected concern under certain terms New trading units as well as units which have not completed two years can be financed maximum upto Rs.10 lac under certain terms Quantum of loan Minimum Rs. 1 Lac and Maximum Rs 200 Lac Within fund based limit of Rs. 200 lac, term loan up to Rs. 25 lac can also be sanctioned for acquisition of fixed assets. Repayment period of Term Loan not to exceed 60 months. Besides the above quantum of fund based limit, NFB limit by way of Inland LC/Bank Guarantee if needed, may be issued maximum up to 50% of FB working capital limit. Salient features Margin No margin is required for Cash Credit in case of existing units & 20/25% for new units while computing drawing power Margin for Term Loan, LC & BG is 25%

Application is simple; Balance Sheet is not required for limit up to Rs 10 lac and not compulsory for limit below Rs 50 lac subject to certain conditions.

Security Primary-Hypothecation of stocks and book debt. Collateral-100% for Cash Credit (against stocks only ) and Term Loan, 125% for Cash Credit(against stocks and debtors)

Processing Charges- 0.50% of fund based limit, 0.25% of Non-Fund based limit. For more details please contact your nearest UCO Bank branch.

EDUCATION.LOAN

Scope: The scheme extends a helping hand to meritorious students desirous of pursuing basic/higher/professional/technical education either in India or abroad. The parents will become co-borrowers with their dependant (student) if the latter applies for educational loan. Studies in India School education including plus 2 stage. Graduation courses leading to degrees like B.A., B.Sc., B.Com. etc. Post Graduate courses leading to Masters degrees as also Ph.D. Professional courses in Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc. Computer Certificate courses of reputed institutes accredited to Universities or DoE. Courses like ICWA, CA, CFA, etc. Studies Abroad Graduation : Job oriented professional / technical courses offered by reputed Universities. Post Graduation : MCA, MBA, MS, etc. Courses conducted by CIMA London, CPA in U.S.A., etc.

Eligibility Applicant must have secured admission to professional/technical course through Entrance Test/Selection Process. Secured admission to foreign University / Institution. No maximum or minimum income is prescribed for parents/family. Age limit : 18 to 25 years for graduation course may be extended from 28-30 years for general and SC/ST candidates respectively. 21 to 28 years for post-graduation course etc. may be extended from 30 -33 years for general & SC/ST candidates respectively. Quantum of loan Need based finance subject to repaying capacity of parents/students with following ceilings : Studies in India : Maximum Rs. 10.00 Lac Studies Abroad : Maximum Rs. 20.00 Lac. The loan amount under the scheme would be for meeting the following expenses : Course Fees Hostel/Boarding Fees including caution deposit/building fund etc. Books, Stationery & Equipment required for the course, including Computers. Examination/Library/Laboratory fees. Travel Expenses/Passage for studies abroad. Security Upto Rs.4.00 lacs No security Above Rs.4.00 lacs Collateral securities by way of suitable 3rd party guarantee or tangible security equivalent to loan amount. Margin

Upto Rs. 4 Lac - Nil Above Rs. 4 Lac Studies in India - 5% Studies Abroad - 15% Service Charge : There is no processing fee /no service charge Repayment The loan will be repaid in 5-7 years after commencement of repayment. There will be moratorium for repayment during "the course period +1 year or 6 months after getting job, which ever is earlier". 1% interest concession may be provided, if the interest is serviced during moratorium period.

UCO CASH This is a Personal Loan scheme to meet the domestic needs like marriage, medical, traveling and other social obligations. Eligibility Permanent Employees or those who have completed 3 years of service. Minimum takehome pay should be 40% of gross salary after all deductions including EMI against this loan. Regular income may also be reckoned for eligible quantum. Quantum of loan 90% of the proposed expenditure or Rs. 2 Lacs whichever is lower. Additional amount may be sanctioned within the quantum ceiling to the existing eligible borrowers. Security Loan will be on clean basis with two guarantors Spouse and other than Spouse having equal income with that of the applicant. Repayment The loan amount with interest is repayable in 48 EMIs through salary deduction of employee borrower. But one year before retirement.

Service Charge : 1% (minimum Rs.500/-)

UCO RENT This is a loan against the security of future receivables i.e. assignment of future rent receivable, for productive purposes e.g. augmenting earnings like investing in securities, undertaking repairs & renovation of the property, etc. Eligibility Owners i.e. lessors of houses/flats/godowns/warehouses etc. only are eligible under the scheme. The owner may be an individual, a firm or a company. Properties belonging to cooperative societies are not considered for sanction of loan under the scheme. Quantum of loan Maximum 80% of the total rent receivable during the unexpired period of lease less tax deduction at source. Minimum Rs. 1 Lac Repayment The repayment period can be extended upto a maximum period of 84 months. Processing fee 1. Fresh Sanctions : 1% of the sanctioned loan amount. 2. Review on run down Balance: Rs.225.00 per lac, Min.Rs.250.00, Max. Rs.56000.00

UCO MORTGAGE Under the scheme credit facilities are considered upto 60% value of the property located in metro/urban/semi-urban centers to meet financial needs of government employees, employees of schools, colleges, PSU, reputed corporate business enterprises, professionals and businessmen with regular source of income and filing IT return against mortgage of their immovable property with clear Title. Eligibility Maximum age limit of the borrower should be 65 years on the date of application. Loans can be sanctioned in the form of term loan or overdraft.

Quantum of loan Maximum (Rs) 50 Lac Repayment Facility Term Loan Overdraft Maximum 84 E.M.I. 15% reduction in the overdraft limit by the end of each year so that advance is completely liquidated by the end of 7th year. Interest should be serviced every month. Salient Features Processing Fee Prepayment Charges 1% of loan amount 1% of amount prepaid Minimum (Rs) 2 Lac

While determining repayment capacity, income of spouse can also be taken. In that case loan should be in joint names. The condition of maintaining 40% of net take home is applicable to both Salaried and non-salaried person. In case of non-salaried person, their annual Gross Income, as per IT Returns, is to be divided by 12 to arrive at Monthly Gross Income. Like Salaried persons, their NET monthly income after all deductions including monthly installment of proposed Term Loan and/or monthly interest on Overdraft and proportionate principal amount to the extent of 15% of the O.D. limit/balance should not be less than 40% of their Gross monthly income. If credit facility is granted against building/flat/apartment, the same should not be more than 30 years old.

UCO SECURITIES Under the scheme credit facilities are extended to borrowers against financial securities issued by Central Govt./State Govt./RBI in the form of National Savings Certificates, Kisan

Vikas Patra, Govt. Securities and Relief Bonds. Loans are also sanctioned against Life Insurance Policies of Life Insurance Corporation of India and bonds/debentures issued by specific Public Financial Institutions. Eligibility The securities should be in the name of the borrower or any one of the joint borrowers. The securities should be transferable and can be assigned/pledged in favour of the Bank.

Quantum of loan It will be determined on the basis of discounted face value/maturity value/surrender value of the transferable security at 13.50% (BPLR -1.00%). Repayment

Facility Demand Loan Overdraft Cash Credit Loans should be adjusted from the maturity proceeds of securities assigned/transferred

UCO REAL ESTATE Under the scheme advances are extended to the Promoters/Developers of real estate who should be well established and experienced in their line of activities at least for a period of three years. Cooperative Societies are not eligible to be borrowers under the Scheme. Eligibility Only builders of repute, integrity and excellent track record and professionally managed are eligible for such finance. They must have at least 3 years experience in the line and must have successfully completed 2-3 projects. The financial position of the builders/developers as per last audited balance sheet must be satisfactory. Financing would be subject to commercial viability and sufficient cash generation to repay the loan.

Pre-requisites a. Details of the project cost and means of finance b. Profitability statement c. Annual Cash Budget for the duration of the loan showing monthly/quarterly cash inflows of the specific project along with repayment schedule d. Audited financial statements for the last 3 years, the current year's estimate and projections for next 3 years or till the completion of the project e. Original Title Deed of the land, detailed estimate of the proposed construction from a Chartered Engineer/Architect and permission from the competent authority of the property in case it is falling under Urban Land Ceiling Act f. Documents like non-encumbrance certificate, certified copy of R.S. Parcha, current, renew/Municipal receipts, Lawyer's opinion on ownership and marketable title and sanctioned plan. g. The Bank should enter in to a legally vetted tripartite agreement with promoter and buyer that should ensure among other covenants adherence to National Building Code (NBC). Quantum of Loan The quantum of advance will be assessed on the basis of peak level deficit projected in the Cash Flow Statement in the Budget, as submitted by the borrower applicant. Security: (a) Primary: The land and building to be constructed on the land shall form the primary security. The value of primary security should be adequate to cover the Bank finance. (b) Collateral: Collateral in the form of equitable/registered mortgage of other land and building of adequate value of promoter/ guarantor may be taken. Margin- 25% (minimum) Insurance-Building to be comprehensively insured against fire, riot and other damages with Bank's clause. Processing & Up-Front Fees a. Processing fees 1. Fresh Sanctions : 0.80% on the amount of loan applied for along with the application. 1.20% processing fee of

the sanctioned loan amount. 2. Review of TL on run down Balance : Rs.125.00 per lac, Min. Rs.250.00, Max. Rs.56000.00 3. Renewal of CC/WC : Rs.395.00 per lac or part thereof Min.Rs.700.00 b. Upfront fee will be 1% of loan amount sanctioned Delivery of Credit The credit /quasi credit requirement of the Construction company by way of cash credit/overdraft/short term loans linked to each specific project for a maximum period covering the period of construction plus 12 months will be considered on merit. Bid bond, Bank Guarantee for raising mobilization of advance, performance guarantee and guarantee for release of retention money etc. will also be considered on merit. Disbursement will be in phases depending upon the progress of work as certified by Chartered Engineer/Architects. Repayment Repayment is to be made in one or two installments after completion of the project and sale of the flats. Sales realizations in one Project should not be diverted to another Project.

UCO NARI SHAKTI This Scheme is aimed at providing financial assistance to salaried women, in line with the broad objective of the Government towards women's empowerment. Salient features Eligibility Applicant should be either a permanent employee or have completed 3 years of service. Minimum take-home pay should be 40% of gross salary after all deductions including EMI against this loan. Regular income other than Salary Income may also be reckoned for considering the eligible amount. Quantum of loan 90% of the proposed expenditure or Rs. 2 Lac whichever is lower. Additional loan amount may be allowed within the quantum ceiling to the existing borrower for the purpose the earlier loan was sanctioned.

Security: Loan will be on clean basis with two guarantors including that of Spouse/Nominee of PF/Gratuity. One guarantor other than spouse may be waived if additional liquid security is provided up to 40% of the loan amount. Click here to view rate of Interest : Repayment The loan amount with interest is repayable in 60 EMIs but one year before retirement Service Charge - 1% (Min. Rs.500/-)

UCO SHOPPER It is a Consumer Loan scheme for Salaried Persons, Professionals and Businessmen for purchase of a whole range of consumer durables and two-wheelers. Consumer durables like TV, Computer, Refrigerator, Air-conditioner or any other item acceptable to the Bank, and Two-wheelers can be purchased through this scheme. Eligibility Salaried Persons Persons permanently employed in Govt./Semi-Govt. or reputed private concerns with remaining period of service of more than 5 years with annual take-home pay not less than Rs. 36,000/-. Income of spouse can also be reckoned to arrive at the stipulated take-home pay. Professionals & Businessmen The earnings of the applicant should not be less than Rs. 1 lac per annum as per Income Tax Returns/Certificate. LIC policy is to be assigned in favour of the bank for an amount equal/or more than the loan amount in case of non-salaried person. Quantum of loan Maximum : Rs. 1,00,000/Minimum : Rs. 10,000/(Subject to maximum 10 times of monthly take-home pay in case of salaried persons).

Margin In case of two wheelers minimum margin is 10% and for consumer durables the minimum margin is 15%. Service Charge 2% service charge subject to a maximum of Rs. 500.00 will be taken at the time of sanction. Guarantee Personal guarantee of a person acceptable to the Bank is required. Repayment The Loan is repayable together with interest within a maximum period of 60 months in equated monthly installments either through salary deduction or through post-dated cheques. No charge is levied for pre-payment.

UCO PENSIONER Short Term loan is extended through this scheme to Pensioners who receive pension through our Branches. War widows drawing family Pension are also eligible. Purpose For meeting medical expenses for self and dependants. Payment of mediclaim premium. Meeting marriage expenses. Educational and traveling expenses. Repairs/renovation of dwelling house. Funeral expenses.

Quantum of loan Depends upon the monthly pension: 10 times of monthly pension or Rs. 1 lac whichever is lower. There is no processing charge or service charge.

Repayment Repayable within 12 to 24 months. It can be extended to 36 months in genuine cases but not beyond the period of 70 years age inclusive of repayment period. No pre-payment charge is levied.

UCO EARNEST MONEY DEPOSIT LOAN SCHEME Loan scheme for financing for Earnest Money Deposit for booking housing plots/flats offered by various Urban/Metropolitan Development Authorities & Housing Boards. Eligibility Indian residents having regular documented source of income. Minimum 21 years of age Singly/Jointly as permitted by State Housing Boards/Urban Development Authority/Metropolitan Development Authority. The facility is to be allowed to only those applicants who fulfill all the eligibility criteria under UCO Shelter Scheme. Amount of Loan Maximum not to exceed 80% of the EMD. Processing Charge Rs. 300.00 upfront per application Margin - 20% Interest Rates - 9.00% (Fixed) Prerequisites Letter of undertaking to be obtained from SHB/UDA/MDA of having noted Bank's lien and refund the amount through UCO Bank in case of unsuccessful applicants In case of allotment of plot, housing loan under UCO Shelter can be availed by the applicants. In such case the loan for EMD shall be adjusted against the loan granted for purchase of land and construction of house thereon.

Repayment- 24 monthly installments

UCO SWABHIMAN - REVERSE MORTGAGE LOAN MORTGAGE LOAN SCHEME FOR SENIOR CITIZEN Bank introduces UCO Reverse Mortgage Loan Scheme for Senior Citizens, under Reverse Mortgage a Senior Citizen, owning a house/flat, can avail of a monthly stream of Income against the mortgage of his/her property while remaining the owner and occupying the house throughout his/her lifetime, without repayment or servicing of the loan. Eligible Borrowers Purpose Loan Amount Period of Loan Mode of Disbursement Senior Citizens of India. Supplementing Senior Citizens Income Based on valuation of the property and age of the borrower Maximum Rs.50 lacs Minimum 5 years and maximum 15 years. Monthly/Quarterly with fixed/increasing Equated monthly Disbursement with an option to avail One-time lump sum payment after 12 months from the first disbursement during entire tenure of 15 years as per choice of the borrower. Equitable Mortgage of the residential property owned & self occupied by the Senior Citizen borrower. 10.50% (fixed) with reset clause after 3 years. The outstanding loan will be due when the last borrower dies/permanently moves out of the house/would like to sell the home. Loan will be liquidated by sale of property. Option available with the legal heir(s) to repay the loan and redeem, the house property.

Security Rate of Interest Repayment

Interest Subsidy Scheme for Housing the Urban Poor (ISHUP) 'Affordable Housing for All' is an important policy agenda of the Government of India. Accordingly The Cabinet Committee for Economic Affairs has approved an Interest Subsidy Scheme for Housing the Urban Poor in order to ameliorate the living conditions of Economically Weaker Section/LIG population in urban areas. Primary objective of the scheme is to provide interest subsidy support.

Objective:

The key objective of the scheme is to enable Economically Weaker Sections (EWS) and Low Income Group (LIG) households to avail affordable housing loans for purchase of house/construction of new house. Definition: a) EWS- Economically Weaker Sections are those households having monthly income upto Rs.3300/b) LIG- Low Income Groups are those households having monthly income between Rs.3301/- to Rs. 7300/Target Group: Individuals /NGOs for on lending to their group members. Preference will be given to SCs, STs, Minorities, Person with disabilities and Women beneficiaries in accordance with their proportion in the total population of city/urban agglomerate during the 2001 census. Applicants planning to form cooperative group housing societies or organizations like Employees Welfare Housing, Labour Housing, etc. should be given preference and whenever possible construction of houses by such cooperatives by way of 1+3 storied buildings should be promoted so that cost of land is shared among beneficiaries. However, this is not a mandatory requirement. Both individuals as well as group Housing borrowers are equally eligible under the scheme. Target Borrower: Identification of beneficiaries will be undertaken by Urban Local Bodies or Local Nodal Agencies and they will assist the borrowers in paper works and procedure of bank loan. However the borrower would be free to approach and negotiate a loan under the scheme directly with the bank branch. Preference: Preference will be given to Scheduled Caste, Scheduled Tribe, Minorities, Person with disabilities and Women beneficiaries in accordance with their proportion in the total population of the city/urban agglomerate during the 2001 census Stipulations: The ultimate beneficiaries should not own a house in his/her name or in the name of his/her spouse or any dependent child. But such beneficiaries should own land in his name in case of application for construction of new house. Area of operation: Urban area. Zonal Offices will be advised to submit us a list of branches at urban area for implementation of the scheme. Nodal Agency:

NHB and HUDCO were selected by the Government of India to act as intermediary financial institutions that would be responsible for administering the subsidy. Before implementation the Bank has to sign a MOU with any of the two organizations. We have signed MOU with NHB. Loan amount: a) EWS- Maximum loan of Rs.1 lac ( Rs one Lac Only) for a house of at least 25 sq mts. b) LIG- Maximum loan of Rs.1.60 lac( Rs one Lac sixty thousand Only) for a house of at least 40 sq mts. However subsidy will be available for loan upto Rs. 1 lac only. Disbursement: Disbursement will be made on a phased manner depending upon the progress of construction. Branch will monitor the construction of the dwelling units financed under the scheme, including the approvals for the building design, infrastructure facilities etc. as also the quality of the construction and verify through site visits etc. the expenditure incurred upto different stages of construction. In case of construction disbursement may be done by debiting the respective loan account and crediting the savings bank account of the borrower. However in case of purchase of a ready built house the payment should be made directly to the vendor by issuing Demand Draft/ Pay Order as the case may be by debiting the loan account of the borrower. Rate of Interest: Interest @8.50% p.a. for first 5 years with a provision to reset after 5 years from the date of drawal of first installment for all loan under the scheme. Sanctioning Authority: All the loan applications under the scheme will be processed and sanctioned at the Retail Processing Centres at Zonal Offices and in case there is no Retail Processing Centres at any Zonal Office, at the branches identified by the respective Zonal Office. On receipt of the sanctioned proposals the branch will disbursed the loan following all the stipulation noted by the Retail Processing Centres at Zonal Office/Processing Cell. However before sanctioning any loan it should be ensured that the borrower have sufficient repaying capacity based on the average monthly income of the applicant for last three years and monthly family expenditure depending upon the size of family. Pre-payment charges: There will be no pre-payment charges for any loan sanctioned under the scheme. Subsidy: The subsidy will be 5% p.a. on interest charged on the admissible loan amount for both EWS and LIG, over the full period of the loan for construction or acquisition of a new house.

The Net Present Value (NPV) of the subsidy will be arrived at on the basis of notional discount rate of 9% p.a. (equivalent to Government Security rate) for the period of the loan and on the interest chargeable at the time the loan is contracted. The subsidy will be credited upfront to the borrowers account and interest will be calculated on the net amount of loan at the agreed rate of interest. Procedure for claiming Subsidy: Participating branches will claim interest subsidy for the entire period of any loan disbursed during the quarter to Head Office, Priority Sector Department through their respective Zonal Offices. Branches should submit their claim within 3 days of close of a quarter to their respective Zonal Offices and the Zonal Offices in turn will submit it to Head Office, Priority Sector Department within 7 days of close of a quarter. Repayment: Loan will be repaid in 180 to 240 EMI depending upon the income of the borrower. However branches may prefer for 20 years repayment, to get full benefits of Interest Subsidy and lower EMI. Equated Monthly Installments (EMI ) Loan will be repaid as per following EMI Chart Particulars Loan Amount Rate of Interest Terms of Repayment Subsidy per borrower NPV of Subsidy EMI Security: a) Primary- Mortgage of the dwelling house b) Collateral/Third Party Guarantee: NIL Documents: Loan Application form duly vetted by urban local bodies along with the following; Table-1 Rs.1,00,000=00 @8.50% ( Fixed ) 180 months 240 months Table-2 Rs.1,60,000=00 @8.50% (Fixed ) 180 months 240 months

Rs. 45,443=00 Rs.63,693=00 Rs. 45,443=00 Rs.63,693=00 Rs.29,112=00 Rs.35,458=00 Rs.29,112=00 Rs.35,458=00 Rs. 698=00 Rs. 560=00 Rs.1,289=00 Rs.1,081=00

 Process Note

Income certificate issued from the ULB Copy of the land Records Copy of updated payment receipt of Government revenues Non-encumbrance Search Certificate.

A declaration from the borrower having been understood the impact of Fixed/Floating Rate of Interest. Supervision: It should be ensured that the housing unit is completed within one year period from the start of construction. On a half yearly basis a certificate of utilization of subsidy and also a certificate in relation to the progress of the construction leading up to the completion of the housing unit have to be submitted. Branch will have to submit a certificate on completion of the housing unit. Processing Charges: There will be no processing charges for any loan sanctioned under the scheme.

INTERNATIONAL BANKING UCO BANK has international presence for over 50 years now. UCO presently has four overseas branches in two important international financial centres in Singapore and Hong Kong and representative office at Kuala Lumpur, Malaysia and Guangzhou, China. The international linkage from India is supported by a large Indian network through Integrated Treasury Branch and Authorised Forex Branches . Our other branches in India also provide international banking facilities through the Authorised Branches of our bank.This international network is further augmented by correspondent arrangements with leading Banks at all important world centres in various countries.Thus UCO has a true global presence and can offer a variety of international banking products, services and financial solutions to all cross-section of clients, tailor-made to their banking requirements through one of the best international banking relationship networks both in terms of strength and spread. 1. PRODUCTS & SERVICES The international banking services in India is provided for the benefit of Indian customers, corporates, NRIs, Overseas Corporate Bodies, Foreign Companies/ Individuals as well as Foreign Banks etc. by our International Banking Branches, Authorised Forex Branches and Integrated Treasury Branch . Our other branches in India also provide international banking facilities through the aforesaid network of our branches. All the facilities are subject to the prevalent rules & guidelines of the Bank and RBI. Brief details of services provided are as under:1. NRI Banking (Please visit NRI Corner) 2. Foreign Currency Loans 3. Finance/Services to Exporters

4. Finance/Services to Importers 5. Remittances 6. Forex & Treasury Services 7. Resident Foreign Currency (Domestic) Deposits 8. Correspondent Banking Services 9. All General Banking Services (Please visit Domestic Banking Sections)

2. FOREIGN CURRENCY LOANS a) In India (FCNR 'B' Loans): The foreign currency denominated loans in India are granted out of the pool of foreign currency funds of the Bank in FCNR(B) Deposit etc. accounts as permitted by Reserve Bank of India. These loans are commonly known as FCNR(B) Loans. UCO has a broad base of NRI customers/depositors. Therefore, with the resource base of FCNR(B) deposits etc. UCO is in a position to offer the Foreign Currency Loans in India to our customers as an alternative to loans in Rupees. These loans are denominated in foreign currency such as US Dollars and are offered as short term loans. The interest is fixed with a reasonable spread over LIBOR UCO also allows loans in foreign currency to NRIs against their FCNR(B) Deposits at the Indian Branches. The details are available in NRI Banking section. b) From Outside India: With presence at two major financial centers of the world, UCO has foreign currency resources to arrange /grant Foreign Currency Loans to Indian as well as multinational corporates at the competitive rates. The foreign currency denominated loans are granted by our overseas branches to Indian Corporates as per External Commercial Borrowing (ECB) Policy of Govt. of India/RBI. 3. FINANCE/SERVICES TO EXPORTERS UCOGOLD CARD FOR EXPORTERS UCO launches Goldcard for creditworthy exporters - Simplified access to export credit on very good terms:

Better terms of credit including rates of interest than those extended to other exporters by the Bank. Processing of applications for credit faster than for other exporters.Simpler norms, subject to specific requirements in each case, if any. 'In-principle' limits for a period of 3 years with a provision for automatic renewal, subject to fulfillment of the terms and conditions of sanction. Preference for grant of packing credit in foreign currency (PCFC), subject to availability of foreign currency funds. Lower charges schedule and fee-structure than those provided to other exporters. Relaxations in the norms in respect of security and collaterals, wherever feasible. Other facility/benefit to the exporters, subject to the fulfillment of extant rules and regulations applicable to export finance. Download Application Form for UCOGOLD CARD FOR EXPORTERS Types of Facilities for Exports a) Rupee Export Credit (pre-shipment and post-shipment): UCO provides both pre and post shipment credit to the Indian exporters through Rupee Denominated Loans as well as foreign currency loans in India. Credit facilities are sanctioned to exporters who satisfy credit exposure norms of UCO. Exporters having firm export orders or confirmed L/C from a bank are eligible to avail the export credit facilities. Rupee Export Credit is available generally for a period of 180 days from the date of first disbursement. In deserving cases extension may be permitted within the guidelines of RBI. The corporates may also book forward contracts with UCO in respect of future export credit drawls, if required, as per the guidelines/directives provided by RBI. b) Pre-shipment Credit in Foreign Currency (PCFC): UCO offers PCFC in the foreign currency to the exporters enabling them to fund their procurement, manufacturing/processing and packing requirements. These loans are available at very competitive international interest rates covering the cost of both domestic as well as import content of the exports. The corporates/exporters with a good track record can avail a running account facility with UCO for PCFC. PCFC is generally available for a period of 180 days from date of first disbursement. In deserving cases extension may be permitted within the guidelines of RBI. Features: (The forward covers can be booked in respect of future PCFC drawls.) In the PCFC drawls permitted in a foreign currency other than the currency of export, exporter bears the risk in currency fluctuations. The foreign currency drawls are restricted to major currencies at present. In case, the export order is in a non-designated currency, PCFC is given in US$. For orders in Euro, Pound Sterling and JPY, PCFC can be availed in the respective currencies or US$ at the choice of exporter. Multi-currency drawls against the same order, are not permitted at present due to operational inconvenience.

Repayment: PCFC is to be repaid with the proceeds of the export bill submitted after shipment.In case of cancellation of export order, the PCFC can be closed by selling equivalent amount of foreign exchange at TT selling rate prevalent on the date of liquidation. The PCFC in foreign currency are granted at our various branches through our Integrated Treasury Branch in Mumbai. c) Negotiation of Bills under L/C UCO's Authorised Forex Branches are active in negotiation/discounting of sight/usance international export bills under L/Cs opened by foreign banks as well as branches of Indian banks abroad. UCO offers the most competitive rates. These transactions are undertaken by our branches within the Bank/Country Exposure ceilings prescribed by UCO. d) Export Bill Rediscounting: UCO provides financing of export by way of discounting of export bills, as a post shipment finance to the exporters at competitive international rate of interest. This facility is available in four currencies i.e. US$, Pound Sterling, Euro and JPY. The export bills (both Sight and Usance) drawn in compliance of FEMA can be purchased/ discounted. Exporters can avail this facility from UCO to cover the bills drawn under L/C as well as other export bills. e) Bank Guarantees: UCO, on behalf of exporter constituents, issues guarantees in favour of beneficiaries abroad. The guarantees may be Performance and Financial. For Indian exporters, guarantees are issued in compliance to RBI guidelines. 4. FINANCE/SERVICES TO IMPORTERS a) Collection of Import Bills: UCO has correspondent relationship with reputed International Banks throughout the world and can thus provide valuable services to importers who may be importing from any part of the Globe. The import bills are collected by our Authorised Forex Branches at very competitive rates. The import bills drawn on customers of other branches are also collected through these branches. b) Letter of Credit: On account of UCO's presence in international market for decades, UCO has established itself as a well known international bank. L/Cs of UCO are well accepted in the International market. For any special requirement UCO can get the L/C confirmed by the top international banks.

Thus UCO's L/C facility for the purchase of goods/services etc. fulfills the requirements of all importers to arrange a reliable supply. UCO offers this facility to importers in India within the ambit of FEMA and Exim policy of Govt. of India. UCO uses state of the art SWIFT network to transmit L/Cs and with a worldwide network of correspondents and our overseas branches facilitates prompt & efficient services to the importers. L/C facility is granted to the importers on satisfying credit exposure norms of the Bank. c) Financing of import Usance L/C facility UCO's Usance L/C facility provides the importer an opportunity to avail credit from their supplier/supplier's bank. Deferred Payment Guarantee/Standby LC UCO's Deferred Payment Guarantee/Standby LC facility also provides the importer an opportunity to avail credit from their supplier/supplier's bank. Rupee finance UCO also offers to Indian importers Rupee finance for payment of goods and services imported from abroad under its various Rupee credit facilities on satisfying credit exposure norms of the Bank. Foreign Currency Loans Short term External Commercial Borrowings or Trade Credits for less than three years as permitted by RBI for imports into India is allowed by our overseas branches to Indian importers at very competitive rates. These are generally backed by L/Cs opened by importer's bank. Indian importers can also avail this facility from our overseas branches as roll-over credit on their bank agreeing to extend the L/C in favour of our overseas branches. d) Bank Guarantees: UCO, on behalf of importer constituents or other customers, issues guarantees in favour of beneficiaries abroad. The guarantees may be both Performance and Financial. 5. REMITTANCES UCO, through its worldwide network of correspondents, Indian branches and overseas branches, offers prompt inward and outward foreign remittance facilities at very competitive rates. The use of SWIFT network adds to reliability and efficient handling. The remittances are handled by our Authorised Forex Branches . The outward remittances of customers of other branches are also remitted through these branches. Through our wellspread network of branches in India, inward remittances reach every nook & corner in India. UCO has tie-up arrangements with Western Union Money Transfer. 6. FOREX & TREASURY SERVICES

UCO operates in the Forex Market in India as well as abroad. In India the inter-bank forex operations is centralized at our Integrated Treasury Branch in Mumbai , country's undisputed financial hub. UCO's Authorised Forex Branches undertake customer transactions. The forex requirements of customers of other branches are also routed through these branches. Overseas branches undertake the forex treasury operations in Singapore and Hong Kong centre. All the forex treasuries are equipped with state of art technology and professionally skilled staff to handle forex treasury operations efficiently. UCO deals in all the important international currencies. Our Forex Treasuries generally undertake the following treasury related activities:Forex Inter Bank Placements/Borrowings Sale & Purchase of currency on behalf of customers Forward Cover Bookings Cross Currency Swaps Interest Rate Swaps (IRS) Forward Rate Arrangements (FRAs) Forex Money Market Operations Forex Services For Corporates To improve the standard of service to the valued clientele, UCO has integrated its Forex and Domestic Treasury Operations under one roof in Mumbai. UCO's Forex Inter-bank desk at Treasury Branch is an active market player. UCO's Integrated operations at one place in Mumbai enables it to participate in inter-bank transactions on a large scale. Forex Dealing Rooms in Singapore and Hong Kong and a worldwide network of correspondents add to UCO's strength in providing the best forex corporate services. Authorised Forex Branches spread across the country cater to needs of all customer in foreign exchange. Corporate Forex Services include Foreign Currency Sale & Purchase, Forward Booking, Cross Currency Forward etc. Other products like Collection & Negotiation of Export & Import Bills under LC, LC Issuance, Advising & Confirmation Services, Arrangement of Trader Credits, the guarantees on behalf of Indian Corporate/Projects, EEFC Accounts, Remittance etc. are all available to corporate customers from UCO. UCO is establishing a Derivative Desk in India to offer various Derivative Products, such as IRS, FRA, Cross-currency Options, Currency Swaps with Cross-currency Interest Rate Swap etc. With this UCO will also offer structured products suitable for Corporates who have large receivables or payment obligation in foreign currencies. Derivative Desk will deal in hedging products to hedge the market risks i.e. interest rate risk and foreign exchange risk in Bank's balance sheet. 7. RESIDENT FOREIGN CURRENCY (DOMESTIC) A/Cs UCO also offers Resident individuals in India, the facility to open non-interest bearing current account in foreign currency at the selected Indian branches as permitted by RBI. Joint accounts with a resident eligible to open RFC (D) account is permissible. Nomination facility is also permitted. Thus UCO will provide an option to resident individuals to retain their receipts from abroad in foreign currency as permitted by RBI.

8. CORRESPONDENT BANKING SERVICES The extensive network of branches in India and presence in two important international centres enables UCO to offer correspondent banking services to the banks. The Authorised Forex Branches in India as well as our overseas branches are capable of providing the services that an international correspondent Bank can offer.

UCO can provide the following main services:i. ii. iii. iv. v. vi. Collection of bills both Documentary and Clean. Advising/confirming of L/Cs opened by banks Discounting of Bills drawn under L/Cs Maintanence of foreign currency accounts in S$ and HK$ Maintanence of Rupee accounts in India Making foreign currency payments/remittance on behalf of customers of banks.

UCO's excellent service with competitive charges provide a good Correspondent Banking solution. UCO's overseas branches are active in discounting of usance international trade bills. With foreign currency resources of overseas branches, UCO offers the most competitive rates for discounting of these bills. The bills under the L/Cs of the most of the Indian Banks as well as International Banks are also discounted at competitive rates. These transactions are undertaken by them within the Bank/Country Exposure ceilings prescribed by UCO. EXTERNAL COMMERCIAL BORROWING (ECB) The foreign currency loans to the Indian corporate are granted by UCO's overseas branches. The borrowings raised by the Indian corporate from specified banking sources outside India are termed "External Commercial Borrowings" (ECBs). These ECBs can be raised within the Policy guidelines of Govt. of India/Reserve Bank of India, as applicable from time to time. ECB includes the following:i. ii. iii. iv. Commercial LoansSyndicated Loans Floating/Fixed rate notes and bonds Lines of Credit from foreign banks and financial institutions Import loans, loans from the export credit agencies of other countries. UCO is very active in granting and arranging various forms of ECB facilities for the Indian Corporate. UCO can offer following services to the Indian corporates in respect of cross border financing :i. ii. iii. iv. v. vi. Arranging/granting External Commercial Borrowings by way of Foreign Currency Loans, FRNs, Bonds for the Indian corporates. Arranging/underwriting International Syndicated Loans for the Indian corporates. Participating in the International Loan Syndications. Granting loans backed by Export Credit Agencies. Providing import finance for Indian Corporates. Issue of Guarantees such as Bids, Bonds, Performance, Advance Payment etc. for the

overseas projects bagged by the Indian Corporates.

DEPOSIT SCHEMES FOR NRI's

1) Foreign Currency Non resident (FCNR-B) Deposits : Your overseas earnings remain fully repatriable in an FCNR (B) Deposit account with us. A popular scheme among our NRI patrons, you too will find good reasons to invest in this deposit account with us. Just some highlights of the scheme for your consideration Repatriability

The principal amount and interest earned are fully repatriable. Tax Exemption

The Deposit is exempted from Indian Wealth tax. Interest is exempted from Indian Income tax. Choice of Currency

Place your deposit in any of the six international currencies USD, GBP, Euro, JPY, AUD & CAD. For more details click here. For deposit at any of our authorized branches in India, please remit money to our Treasury Branch Mumbai accounts with full details. Remit in any Currency

You can remit in any convertible currency. We shall convert it in any of the above six currencies of your choice. During your visit to India you may also tender foreign currency notes/travelers cheques to our branches. Minimum & Maximum Amount

There is no upper ceiling, you can put any amount in these deposits. The minimum amount for each currency is: USD 2,000 or its equivalent in any of the hard currencies. Earn Attractive Interest

We pay attractive interest. Please check our interest rates. Large Number of Branches to choose from

Pease check the list of our branches spread across India accepting FCNR (B) Deposits. Choose the Term of Deposit

From a minimum period of 12 months to a maximum period of 60 months, you have the choice of keeping the deposit with us. We also allow you the flexibility of closing your Fixed Deposit account before the due date but the interest rate payable will be subject to a penalty of 1%. Your deposit should have run for a minimum period of one year to be eligible for interest. Automatic Renewal

Your deposits are automatically renewed on maturity for the same tenure in case no other instructions are received before due date. Joint account

You can open a joint account with us with other Non-Resident Indian(s). Power of Attorney (P/A)

P/A to Residents permitted for local disbursements only. Nomination

You can register nomination for this Account. Nomination Form Loans available against FCNR deposits

We offer Rupee as well as Foreign Currency Loans in the currency of Deposit against security of your FCNR (B) Deposits in our authorized branches in India. Our overseas branches also offer foreign currency loans against these deposits, subject to rules, if any,

applicable in that country. Download Application Form 2) Resident Foreign Currency (RFC) Deposits : A scheme popular among our returning NRI customers. Returning Indians for permanent settlement, after staying abroad for not less than one year, can retain their savings in foreign currency in a RFC account with us

get the proceeds of FCNR (B)/NRE Deposits credited to this account with us. get the earnings out of dividend/sale proceeds of assets left abroad as well as pension received from overseas credited in this foreign currency account with us. Repatriability

Permitted for bonafide purposes for self & dependents including exchange required for travel, other personal purposes and investments. Conversion into FCNR (B)/NRE

On becoming an NRI again, you can transfer these funds into an FCNR(B) or NRE account with us. Choice of Currency

Place your deposit in any of the six international currencies USD, GBP, Euro, JPY, CAD and AUD. For deposit at any of our authorized branches in India, please remit money to our Treasury Branch Mumbai accounts with full details. Remit in any Currency

You can remit in any convertible currency. We shall convert it in any of the above six currencies of your choice. Earn Attractive Interest

We pay attractive interest. Please check our interest rates. Large Number of Branches to choose from

Please check the list of our branches spread across India accepting RFC Deposits. (Different types of accounts, such as Savings, Current and Term Deposits can be opened.) Download Application Form

3) Non Resident external (NRE) Deposits : NRE deposits can be placed with us in following a/cs Savings Bank A/c at present interest rate is 3.5%. Fixed Deposit A/c at following interest rates For creation of NRE deposits, remittances from abroad should be made to us in convertible rupees or in any hard currencies like USD, GBP, EUR and JPY etc. Above deposits are repatriable in any currency 4) Non Resident Ordinary (NRO) Deposits NRO account may be opened in the following manner : Where an Indian citizen having a resident account leaves India and becomes non-resident, his resident account should be designated as NRO account. Where non-resident Indian receives income in India, he can open a NRO a/c with such funds. NRO a/c may also be opened by foreign exchange remitted through normal banking channels. All types of a/c like SB, CD and all term deposits as applicable to domestic deposits can be opened Interest rates are as per domestic deposits. Interest is taxable.

Rupee Deposits - HIGHLIGHTS Type of Accounts

You can open Savings Bank, Current, Recurring and Fixed Deposit accounts with us. Authorised Branches

For our Indian branches accepting Indian Rupee NRE Deposits, please get in touch with NRI Relationship Centre at our Head Office or the respective Regional Offices of your choice. Interest Rate

We offer attractive rate of interest on your deposits. Remit in any Currency

For NRE accounts you can remit in any convertible currency. We shall convert it in Indian Rupees. Joint Accounts, Power of Attorney, Nomination

NRE Accounts Same as in case of FCNR (B). NRO Accounts Joint accounts with residents permitted, Nomination facility available. Download Application Form

REMITTANCE TO INDIA

Remit through us EITHER to your own account with us or any other bank OR to your near and dear ones. We offer an efficient, easy and convenient channel to transfer money back home in any corner in India. Through our Overseas Branches Just walk in to any of our branches in Singapore and Hong Kong or call them for assistance. Through our Accounts with Correspondents Click here for more details The most convenient way of remitting the money from any part of the world is a direct credit into UCOBANK Treasury Branch Mumbai Account with correspondents. We have correspondent arrangements worldwide. The details of our Treasury Branch Mumbai accountsin six major currencies are placed on the web for your convenience. Just send full remittance instructions to your bank for a direct credit into our Treasury Branch Mumbai Account with correspondents. Through Drafts/Cheques Send your Bank Drafts or Cheques to any of our branches in India with full particulars of remittance/beneficiary. If you are remitting from Singapore or Hong Kong, avail the facility of remittance provided by our overseas branches.

LOANS TO NRIs Against Deposits Bank gives loans against NR deposits to NRI deposit account holder and third parties in Indian Rupees. Bank gives loans against FCNR (B) deposits to NRI deposit account holder in foreign currency in India. This facility is available at our overseas branches, subject to local directives, if any in that country. For loans against your deposit please contact the Branch where you are maintaining the deposits. NRI Home Loans Bank has attractive schemes to accommodate the housing needs of NRIs. 1. i. ii. iii. iv. Loans for Residential Property NRIs can avail of loans for Construction of a new residential house Purchase of a residential flat or residential house Extension of a residential flat or residential house Renovation of a residential flat or residential house

2.

Loan for Plot of Land for residential use

NRIs can avail of loans for purchase of a residential plot of land for residential use.

3.

Loans against existing residential property

NRIs can avail of loans by mortgaging an existing residential property for any of the following purposes. The loan shall be utilised for meeting the borrower's personal requirements or for his own business purposes. Education Business Medical treatment Other personal requirements (Details required regarding amount, period, rate of interest. Etc in brief) Prohibition: The proceeds of rupee loan should not be utilised for any of the following activities: i. ii. iii. iv. The business of chit fund, or Nidhi Company, or Agricultural or plantation activities or in real estate business, or construction of farm houses, or Trading in Transferable Development Rights (TDRs), or

v. Investment in capital market including margin trading and derivatives. Download Application Form Please contact any of our Branch Managers for details.

CONTACT US AT : Email ID: [email protected] NRI Relationship Centre UCOBANK Head Office, International Wing 10, B T M Sarani, Kolkata 700 001 West Bengal India. Tel No: 91 33 2234 1756 Fax: 91 33 2225 4182

DOMESTIC DEPOSITS Benchmark Prime Lending Rate (BPLR w.e.f. 10.07.2009) 12.25% per annum

Rates of Interest on Domestic Term Deposits of less than Rs. 1 crore (w.e.f. 19.08.2009) General Maturity Period Interest Rate in percentage p.a. 2.00 3.00 4.00 5.50 6.50 6.00 7.00 6.50 7.19 6.66 6.55 6.05 Annualised Yield in percentage 2.00 3.00 4.00 5.50 For Senior Citizen Interest Rate in percentage p.a. 2.75 3.75 4.75 6.25 7.25 6.75 7.50 7.00 7.71 7.19 7.32 6.80 Annualised Yield in percentage 2.75 3.75 4.75 6.25

14 Days @ 15-45 Days 46-90 days 91-179 Days 180-364 Days (a) Less than Rs.15 lacs (b)Rs.15 lacs & above but less than Rs.1 Crore 1 Year (a) Less than Rs.15 lacs b)Rs. 15 lacs & above but less than Rs.1 Crore More than 1 year but less than 2 Years * (a) Less than Rs.15 lacs b)Rs. 15 lacs & above but less than Rs.1 Crore 2Yrs & above but less than 3Years * 3Years & Above

7.00 6.50 7.25 6.71

7.50 7.00 7.79 7.25

7.00 7.50

7.44 8.32

7.50 8.00

8.01 8.94

Reconstituted Term

@ The bank will accept deposits for a minimum period of 7 NOTE 1 days provided minimum deposit amount is Rs.15 lacs & above. The deposit rates on the above term slab shall be applicable NOTE 2 for all deposits of less than Rs.1 crore, contracted afresh/renewal hereafter. NOTE 3 The additional rate payable on the deposits of Staff/Exstaff/Ex-Staff Sr. Citizens is as per the following : Category Staff/Ex-Staff Term All Terms Additional Rate Payable 1.00% 1.25% 1.50%

Ex-Staff Sr. Citizen 6 months to < 3 Years Ex-Staff Sr. Citizen 3 Years and above

The overall amount ceiling for Ex-staff/Ex-staff Sr. Citizen to NOTE 4 receive incentive rate shall be equal to his Terminal benefits + Rs.10 lacs

BULK DEPOSITS (PPD)RS. 1 CRORE & ABOVE RATES FROM 23/09/2009 TIME PERIOD 15 29 days 30 45 days 46 60 days 61 90 days 91 120 days 121 179 days 180 269 days 270 days <1 year 1 year & above RATE OF INTEREST 1.00 2.00 2.50 3.00 3.50 4.00 4.50 5.50 6.00

SAVINGS BANK DEPOSIT Interest Rate payable on Savings Bank Deposit Accounts is @3.50% per annum with effect from 1st March, 2006.

NON-RESIDENT DEPOSIT SCHEMES

::

NRE Deposits

::

FCNR Deposits

::

RFC Deposits

::

NRNR Deposits

::

NRE Term Deposits (w.e.f. 1st December 2009) A) NRE- Deposits. NRE- Savings Bank Deposits (WEF 18.11.05) NRE-Term Deposits Period 1 year to less than 2 years 2 years to less than 3 years 3 years and above Rate of interest per annum 2.77% 2.76% 3.31% Rate of interest per annum 3.50 %

No special rate, over and above the interest rate, prescribed above, will be allowed.

FCNR (B) Deposits (Revised interest rates w.e.f. 1st December 2009) Period 1 year to less than 2 years 2 years to less than 3 years 3 years to less than 4 years 4 years to less than 5 years USD GBP EURO YEN AUS$ CAN$ (%) (%) (%) (%) (%) (%) 2.02 2.22 2.22 1.71 6.27 2.01 2.76 2.75 1.53 6.00 2.56 3.35 3.15 1.59 6.31 3.00 3.78 3.46 1.67 6.62 2.30 2.16 2.72 3.10

5 years Only

3.36 4.05 3.71 1.77 6.74

3.42

RFC Deposits (Revised interest rates w.e.f. 1st December 2009) USD (%) Savings Bank Period (Term Deposits) 1 year to less than 2 years 2 years to less than 3 years 3 years to less than 4 years 4 years to less than 5 years 5 years Only Same as Same as Same as Same as Same as Same as FCNR(B) FCNR(B) FCNR(B) FCNR(B) FCNR(B) FCNR(B) Do Do Do Do Do Do Do Do Do Do Do Do Do Do Do Do Do Do Do Do Do Do Do Do 0.00 GBP (%) 0.50 EURO (%) 0.00 YEN (%) 0.00 AUS$ (%) 3.00 CAN$ (%) 0.00

Note: (1) For FCNR (B) and RFC- deposits, no special rate of interest will be given over and above the interest rates indicated above. (2) For FCNR (B) and RFC- deposits, no additional interest for staff members is allowed.

NRNR and NRSR Deposits : Discontinued w.e.f. 01.04.02.The existing accounts under NRNR Deposit scheme may be continued only upto the date of maturity. The existing NRSR accounts other than Term Deposits shall not be continued after 30.09.02 Dollar Deposit Account under EEFC Scheme Type of Account : Only Current Account Exchange Bureau : We have forex counters at our following branches, viz. a) Kolkata Main Branch, Kolkata b) D N Road Branch, Mumbai c) Pondicherry Main Branch d) Mount Road Branch, Chennai

e) Parliament Street Branch, New Delhi At these counters sales and purchases of foreign currency notes / travellers cheques are being undertaken at attractive rates.

FINDINGS & SUGGESTIONS

The UCO banks Commitment to Customers has led the bank to publish a code of fair banking practices which was also named "Our Commitment to Customers". This booklet was brought out in January 1998 along with general terms and conditions of their services. That was the Golden Jubilee Year of our Independence. The new millenium coincides with the process of opening of the economy and holds out for all of us a future, which is emerging. In keeping with it UCO Bank is also reorganising its services around the emerging needs of the customers. UCO Bank have committed for zero corruption services and full transparency in the terms and conditions of their services. They have also committed for time bound amelioration of customers grievances. They have Nodal Officers at all the regional offices reporting to Chief Nodal Officer, an ex-officio assignment for General Manager, Planning & Development, who would ensure that your complaints are dealt with properly and in time. They have also added certain Dos on our part which will enable them to protect our interest and facilitate us in extending our services. In the coming days they are likely to see in the banking industry a lot of new products and different types of services which will necessitate further improvement in the "Charter". But for better response from market they should always eagerly look forward to and request feedback, wants & suggestions to make their services more effective and useful for getting & retaining customers and orientating their services towards customers requirements. I hope that my suggestions can be usefull and provide a new outlook to the bank.