NO FRILLS SAVINGS ACCOUNT Open a “No Frills saving account” with UNION BANK OF INDIA and avail world class banking facilities maintaining nominal minimum balance. Salient Features of “NO FRILLS SAVING ACCOUNT” All resident individuals eligible to open a "No frills saving account" subject to the conditions that only one member of the family can open such account in single/joint name/s. Minimum balance required in the account is Rs.25/- in non-CBS branches and in CBS branches average quarterly balance of Rs.25/- No penalty for non-maintenance of prescribed minimum/average quarterly balance. No cequebook facility will be available. One ATM / International debit card will be issued to the account holder. Withdrawal of cash will be available only through ATM wherever online ATM facility is available. At other branches, withdrawals will be through withdrawal slip. Number of free customer induced debit entries will be restricted to 30 per half year including debit entries through ECS/ATM. Entries above 30 will be charged @ Rs.5/- per entry. Total credits in the account should not exceed Rs.100000/- in a year. There is no restriction on entries for deposit of Cash/Cheques in the account. Nomination facility is available. The balance in all the accounts of the accountholders taken together in the bank should not exceed Rs.50,000/-. Special facilities under "No Frills Account" for residents of North-eastern states i.e. Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland & Tripura. Clean overdraft upto Rs.500/-once in a year (Conditions apply). Note: If at any point of time the balance in the NO FRILL ACCOUNT exceeds Rs.50,000/- or total credits in the account in a year exceed Rs.100,000/-, the account will be treated as normal saving bank account and the facilities attached to "NO FRILLS" will not be available.
Salient Features of “NO FRILLS SAVING ACCOUNT”
All resident individuals eligible to open a "No frills saving account" subject to the conditions that only one member of the family can open such account in single/joint name/s.
Minimum balance required in the account is Rs.25/- in non-CBS branches and in CBS branches average quarterly balance of Rs.25/-
No penalty for non-maintenance of prescribed minimum/average quarterly balance.
No cequebook facility will be available.
One ATM / International debit card will be issued to the account holder.
Withdrawal of cash will be available only through ATM wherever online ATM facility is available. At other branches, withdrawals will be through withdrawal slip.
Number of free customer induced debit entries will be restricted to 30 per half year including debit entries through ECS/ATM. Entries above 30 will be charged @ Rs.5/- per entry.
Total credits in the account should not exceed Rs.100000/- in a year.
There is no restriction on entries for deposit of Cash/Cheques in the account.
Nomination facility is available.
The balance in all the accounts of the accountholders taken together in the bank should not exceed Rs.50,000/-.
Special facilities under "No Frills Account" for residents of North-eastern states i.e. Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland & Tripura.
Clean overdraft upto Rs.500/-once in a year (Conditions apply).
