UCO bank has entered into partnership pact with FreeCharge to enable efficient recharge and bill payments for their consumers. This first public sector bank alliance with FreeCharge will empower PSUs in adapting digital innovation of online transactions serving all the mundane tasks.
Besides the reward coupons, now FreeCharge with the support of the bank brings additional benefits like cashbacks to consumers, upto 10% instant cashback can be availed on every recharge and bill payment.
Uco Bank is one of the major public sector banks in the country with the Government of India (GoI) holding 77.20% equity stake in the Bank as on December 31, 2014. The bank has registered a fall of 3.48% in its net profit at Rs 303.59 crore for third quarter ended December 31, 2014 as compared to Rs 314.53 crore for the same quarter in the previous year.
