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Image  UNION CLASSIC CURRENT ACCOUNT

Features

    UNION CLASSIC CURRENT ACCOUNT (UCCA)

    UCCA is the Premium Current Account Product suited for Traders, Corporates, Business entities and Institutions.

    Based on the previous month's Average Monthly Balance (AMB) maintained in the account, following free facilities are allowed in UCCA scheme. There are three kinds of AMB recognized for this purpose as follows:-

    • Rs. 50,000 to less than Rs. 1,00,000
    • Rs. 1,00,000 to less than Rs. 5,00,000
    • Rs. 5,00,000 and above

    Average Monthly Balance (AMB) in UCCA is calculated from 16th of existing month to 15th of next month.


    Features

    Average Monthly Balance

    Rs. 50,000

    Rs. 1,00,000

    Rs. 5,00,000

    Free Cash Deposit limit per month ^

    Rs. 50 lac

    Rs. 75 lac

    unlimited

    Free Cash Withdrawal limit per day ^

    Unlimited

    Unlimited

    Unlimited

    NEFT / RTGS / Inter Branch transfer  limit per day

    Unlimited

    Unlimited

    Unlimited

    Free Remittances  per month
    Remittances include DD/ outstation cheques for collection / standing instruction / auto sweep.

     

    Rs. 250 lacs

     

    Rs. 500 lacs

     

    Unlimited

    Free Multicity Cheque leaves p.m.

    100

    100

    Unlimited

    Auto roaming facility        @

    Yes

    Yes

    Yes

    Any Account Facility         #

    Yes

    Yes

    Yes

    Upfront Facility                 $

    Yes

    Yes

    Yes

    Third party cash withdrawal per day at non base branch

    Rs. 25,000/-

    Rs. 25,000/-

    Rs. 25,000/-

    ^Cash Deposit & cash withdrawal (self) at non base branches is allowed up to Rs.1 lac per day in each case. If the cash deposit amount exceeds the ceiling of Rs.1 lac at non base centers', charges @Re.1 per Rs.1000 will be levied.

    @ Auto Roaming facility: Auto up gradation /down gradation of the account will be done based on previous months AMB. Free benefits will be available based on the category
    .
    # Any Account facility: Account holder can have one UCCA account and can avail the benefit through his other CC/OD account tagged with the same customer id.

    $ Upfront facility: New UCCA accounts are allowed free facility equal to AMB of Rs. 1 lac from day one.

    All the above facilities entail the following additional benefits to the UCCA holder:

    • Free Facilities offered shrink the Transaction Costs
    • Results in Efficient Fund Management.
    • Increase in Net Profit
    • Benefits that can be derived by the customer are huge when compared to the interest sacrifice for the AMB maintained.

    A Penalty of Rs. 2000 per month will be levied for non maintenance of minimum balance of Rs. 50,000 in the account.

    Union Bank of India reserves the right to change/alter/withdraw the terms and conditions of the scheme.

Forms & Documents

FAQs


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