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Image  Union Micro Digital Current Account (UMDCA)

Salient Features:

Name of the Product

  Union Micro Digital Current Account ( UMDCA)


  Any Resident Individual-Single accounts, Two or more individuals-Joint Accounts, Sole Proprietary Concerns, Partnership Firms are eligible to open Union Micro Digital Current Account(UMDCA)

Annual Turnover

Maximum turnover Rs.40.00 lacs per annum. Account will be converted to normal current account if the turnover exceeds Rs.40.00 lacs per annum.

Average Monthly Balance

AMB of Rs.1000/- is required to be kept in the   account. Penalty of Rs.25/- for each month for non-maintenance AMB .(Calculation of AMB will be as per calendar month)


No Interest is payable on these deposits.

Free Cash Deposit limit per month

Free Cash deposit per month is restricted to Rs.1.00 lac Applicable Cash Deposit Charges will be levied beyond the prescribed limit.
Per Day Maximum free Cash Deposit is restricted to Rs.50000/-. Beyond the limit normal Cash Deposit Charges will be applicable for the difference amount.

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.

Debit Card & POS Limit

Debit Card- Rs.25000/- per day
POS – Rs.100000/- per day.

Issuance of Cheque Books

Cheque books will be issued and Charges as applicable to General Current Account.

Outward Remittances charges through Digital Channels like U-mobile, UPI, BHIM, Net Banking etc

From Branch –Charges as applicable 
Through Internet Banking No Charges up to Rs.50000/- per month. Beyond that normal charges will apply.

Receipts through Digital Channels

  No Restriction.

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

  As applicable to General Current Account

Annual Maintenance Charge for DEBIT Card

 First Year Free.

Biometric Aadhaar Pay Device

 Free of Cost at the time of account Opening.

Ledger Folio Charges

  No Folio Charges will be levied in the account.

Monthly Statement of Accounts

  Will be sent by E-mail without any Charges. (If hard  copy is given charges will be applicable)