Name of the Product

   Union Digital Saving Account (UDSA )

Eligibility

Any resident Individual can open and operate Union Digital Savings Account (UDSA) in his /her name. Joint Account or Joint mandate for Operation is not permitted.

Account opening mode

Through internet banking, Vyom App and branch.

Average Monthly Balance

No minimum balance requirement as account can be opened with Zero balance.

Cash Deposit limit per month

Cash Deposit Charges will be applicable for any cash deposit in the account. Charges Re.1/-+ GST per thousand.(Amount above  Rs.500/- will be reckoned  as Rs.1000/- for this purpose for cash deposits above Rs.1000/-)

Free Self-Cash Withdrawal limit per day at Non Base Branch / Base Branch

Cash Withdrawal (self) at non base branches is allowed up to Rs.25000/- No such limit for Cash Withdrawal at Base Branch.
Max 3 withdrawal permitted for base & non-Base branch put together in a month, beyond which charges of Rs.10 + GST for every extra transaction to be levied.

Type of Debit card

Classic card

Debit Card charge

Issue charge - FREE.
Annual Maintenance charge –As per applicable charges.

Access to own Bank ATM

5 transactions (financial + non-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 25000 per day

POS Limit

Rs 50000/- per day

Personal Accident Insurance (Death) cover with account

Rs 5 Lakhs FREE

Personal Accident Insurance (Death) with debit card*

Rs 2 Lakhs FREE

Issuance of Cheque Books

Charges as applicable to Normal savings Account.

Outward Remittances charges through Digital Channels like Vyom App, UPI, BHIM, Net Banking etc

From Branch –    No Charges 
Via All digital platforms-No Charges

Charges for Purchase of DD/outstation cheques for collection/standing instruction/auto sweep

 As applicable to Normal savings Account

Monthly Statement of Accounts

 Will be sent by E-mail without any Charges.