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Union Cash plus Current Account (UCPCA) is a Current account variant to cater to the demands of customers having large number of transaction through cash mode.
Name of the Product
Union Cash Plus Current Account ( UCPCA)
Eligibility
Any Resident Individual-Single accounts, Two or more individuals-Joint Accounts, Sole Proprietary Concerns, Partnership Firms are eligible to open Union Cash Plus Current Account(UCPCA)
Minimum Balance Requirement
Balance ofRs.1.00 lakh to be maintained on daily basis.
Remittances
Chargeable as per stipulated for normal current deposit account
Free Cash Deposit
1 ) Designated Branch: Maximum 1500 pieces of note per day
2) Non- base branches: Rs.25000 per day
Cash Deposit Charges Beyond Free Cash Deposit per day
For Designated Branch:
Above 15 packets i.e 1500 no of notes, charges will be levied @ Rs.5/- plus applicable GST per packet or a part thereof. (Minimum Rs.50/- plus applicable GST. No maximum limit on charges)
Non- Base Branch:
For an amount upto Rs.25000 per day free of charges. Cash deposited in excess of Rs.25000/- service charges will be levied @ Rs.5/- plus applicable GST per packet or a part thereof. (Minimum Rs.50/- plus applicable GST. No maximum limit on charges.)
Cheque Books Charges
As applicable to normal current deposit account.
Availability of the product
In designated Branches where currency chest is available.
DD charges
As applicable to Normal Current Account
Monthly Statement of Accounts
Will be sent by E-mail without any Charges.
Penalty for Non- Maintenance of Minimum Required Balance
Rs.500 + applicable service tax (per month)(in case the balance is not maintained any day/days during the month).