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Image  Union Micro Digital Current Account (UMDCA)

The product is well suited for small traders and small /retail businessman whose turnover per day is quite low and aimed at migrating them to Digital Payment /settlement environment. The maximum turnover in these types of accounts will be restricted to Rs.40.00 lakh per annum. The account will be converted to normal Current account if the turnover exceeds Rs.40.00 lakh per annum.

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), HUF

Annual Turnover

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

Average Monthly Balance (AMB)


Free Cash Deposit limit per month

Rs.1.00 lakh over and above free daily limit of Rs 50000/-

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.

Type of ATM/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

As per applicable charges from first transaction onwards (No free transaction).

ATM Cash Withdrawal Limit

Rs.25,000/- Per day

POS Limit

Rs. 50,000/- Per day

Cheque Book charges

As per applicable charges

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.

DD charges

As applicable to General Current Account

Biometric Aadhar 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.

Penalty for non-maintenance of AMB

Rs 25 per month