Name of the Product

Union Micro Digital Current Account ( UMDCA)

Eligibility

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)

 Rs.1000/-

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