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image Union Samman : SB Account for pensioners


1.Benefits :

  • Social Security: Free Personal Accident Insurance and Air Accident insurance available.
  • Health Security: Free Health Check-up.
  • Ease of banking: Free Door-step banking.
  • Debit Card: Personalized card with bundle of offers & services

2.Features

Parameters

Features

Scheme Name

Union Samman I

Union Samman II

Required Net Pension Credit in Account

Up to Rs. 50,000/- per month

Above Rs 50000/- per month

Quarterly Average Balance

Nil

Nil

Debit Card

Rupay Platinum

RuPay Select

Debit Card Charges

Free

Free

ATM Cash Withdrawal Limit

Rs.75000/- per day

Rs 1,00,000 per day

POS Limit

Rs 150000/- per day

Rs 3,00,000 per day

ATM card access at own ATM

5 transactions (Financial) + non-financial Per Month

Unlimited Free

ATM card access at other ATM

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

Unlimited Free.

Joint A/c Facility

Available with spouse

Available with spouse

LIFE STYLE BENEFITS:

Free Door step Banking

12+1 times p.a. (1 per month for 12 months and 1 additional for life certificate)

12+1 times p.a.

(1 per month for 12 months and 1 additional for life certificate)

FREE Personal Accident Insurance

Rs 2 lakhs (By bank)

Rs 2 lakhs (By NPCI for Rupay platinum)

Rs 5 Lakhs (by Bank), Rs 10 Lakhs (additional by NPCI for RuPay Select Card)

FREE Air Accident Insurance with debit card*

Rs 5 Lakhs

Rs 100 Lakhs

Health Check-Up

NA

1 per year (With Debit Card)

Concessional Benefits:

Locker Rent

(subject to availability of locker)

40% concession on 1st year rent.

50% concession on 1st year rent.

Charges

Personalized Cheque Book

NIL up to 40 leaves per year

NIL up to 50 leaves per year

SMS Charges

Unlimited free

Unlimited free

DD/NEFT/IMPS/RTGS

NIL for 5 transactions p.m. (Max. Rs. 50000/- p.m.) DD/NEFT/IMPS


Unlimited free

3.Eligibility : Individuals drawing regular pension through our bank

4.Document Required :

If a person wants to open a savings bank account for pensioners under Union Samman with Union Bank of India, documents as per KYC AML guidelines are required.

5.FAQ

  1. For a prospective account holder, if pension is not routed through our bank, whether he/she is eligible for opening account under Union Samman?
  2. Ans- No. Pension must be routed through our bank only.

  3. If SBSM1 account is converted to SBPEN due to non-credit of pension, whether the same can be reinstated to SBSM1 if pension credit resumes?
  4. Ans- Yes. Subject to verification by Branch.

  5. Effective date of insurance offered with debit card (personal & air accident) Ans-

Ans- Insurance offered with debit card shall be available from day 1, as per terms and conditions.