Union Bank of India- Product
Home You are here : path  Products path Personal path Savings Bank Account for Students(SBZER)

Image  Savings Bank Account for Students(SBZER)


Eligibility

Students above 10 years and up to 25 years of age and are pursuing regular courses can open these accounts. The account will be automatically converted to normal SB after 25 years. Cheque book can be issued after student becomes major. Accounts of students who are minors below the age of 10 years will be operated by Parents/guardian.

Quarterly Average Balance

Nil

Type of ATM/Debit card

Classic card

Debit Card charges

Issue charge – Free
Annual Maintenance Charge –As per applicable charges

Access to own Bank ATM

8 transactions (financial) per month Free.

Access to other bank ATM

3 transactions (financial + non-financial) per month at Metro or 5 transactions(financial + non-financial) per month at other centres are Free

ATM Cash Withdrawal Limit

Rs.25,000/- Per day

ATM POS Limit

Rs. 50,000/- Per day

Free Personal Accident Insurance (Death) cover with debit card*

Rs 2 Lakhs

Withdrawal at branch through withdrawal slip.

Number of free withdrawals will be restricted to 10 per half-year. Beyond the limit Rs 25/- per transaction to be charged.

SMS Banking Charge

As per applicable charges

Cheque Book

Cheque Book not allowed

NEFT

Free

DD/RTGS/IMPS

As per applicable charges

Account closure -within 14 days or after 12 months

Nil

Account closure -Between 15 days to 12 months

As per applicable charges.

Passbook/Statement

No Passbook will be provided. Monthly Statement of Account will be given.

Non-Maintenance of QAB

NIL


*Personal Accident insurance with debit card is subject to terms and conditions of debit card policy and usage which may change from time to time.