|
|
|
|
|
|
 | | Link To: Union Education |
|
|
|
|
| Union Monthly Plus |
|
| Features | | | | Forms & Documents | | |
|
|
|
|
|
|
 |
| A Novel User-friendly Recurring Deposit Scheme, with flexibility of Step Up and Step Down options, with monthly installment. |
| |
| SALIENT FEATURES :- |
- The Scheme is available to Individuals / Institutions / Corporates / Proprietorship / Partnership / Trust / HUF et
- The customer will have to select the "Core Amount", at the time of opening the account and deposit the same, initially
- Minimum Core Amount is Rs.100/- & Maximum Rs.1,00,000/-
- The period of deposit will be from 6 month to 60 months, in multiple of one month
- Rate of interest on this scheme will be as per the Term Deposit rate applicable for the period
- Interest will be calculated on monthly product basis, for the minimum balance between the 10th & last day of the month and will be credited quarterly
- The Scheme offers flexibility of depositing monthly installment amount, by way of Step Up & Step Down options.
|
| Step Up option : |
- Depositor can increase (Step Up) the monthly installment amount upto 10 times the Core Amount during any month. The installment can also be deposited one or more times during a month, subject to maximum ceiling of 10 times Core Amount.
Example: Core Amount Rs.1,000/-
Customer can deposit maximum upto Rs.10,000/- per month.
- For accounts opened on or after 01.05.2009, maximum amount that can be remitted during a month including step up is limited to Rs.1,00,000 (Rupees One Lakh Only)
|
| Step Down Option : |
- After stepping up the instalment amount, a customer can also reduce the same (Step Down), in any subsequent month/s, but the same should not be less than the Core amount
- Premature closure is allowed
- No penalty will be charged in case of premature closure
- Similarly, no penalty will be levied on delayed installment
- Nomination facility is available, like other Deposit Scheme
- Loan facility is permitted upto 75 % of the deposit amount, at the time of availing loan, at 2 % ODR
|
| |
| UNION BANK OF INDIA RESERVES THE RIGHT TO CHANGE / ALTER / WITHDRAW TERMS AND CONDITIONS OF THE SCHEME |
| |
|
For Useful Information please click the links below
|
|
|
|
| | |
| For the Customers having any existing Account with Union Bank |
For the New Customers not having any Account with Union Bank |
- Application Form
- 2 Photographs
|
- Application Form
- Proof of identity (any of the following )
- Passport
- PAN Card
- Employee identity card
- Any other valid proof
- Proof of address (any of the following)
- Electricity bill
- Telephone bill
- Ration card
- Any other valid proof
- 2 Photographs
|
|
| |
| |
| For further details, please contact our nearest Branch. |
| | |
|
|
|
|
|
| Product Testimonial |
|
|
|
|
| Quick Links |
|
|
|
|
 | | Link to: Gift Card |
|
|
Untitled Page
|