Union Samriddhi : SB Account for Women

1.Benefits :

• Free personal accident insurance and air accident insurance.
• Critical Illness Cover: lumpsum payment of benefit on diagnosis of critical illness.
• Concession in service charges.
• Personalized Debit Card with bundled offerings

2.Features

• The concession & cancer care insurance offered in Union Samriddhi shall be available to depositors only if stipulated QAB is maintained.
• Only Female above age of 18 years would be allowed for opening SBSAM account.
• Only women joint account holders are permitted under the scheme.

3.Eligibility : Individual women (18 years and above)

4.Document Required:

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

5.FAQ

• Can a Union Samrriddhi Savings Account be opened with male joint holders?

Ans- No. Union Samriddhi savings account can be opened with only female joint holders.

• If a women individual opens both Union Samriddhi and Unnati accounts whether concessions offered with individual schemes be available on cumulative basis?

Ans- NO. Concessional features shall not be available on a cumulative basis. For instance, a female individual opening both Union Samriddhi and Union Unnati accounts will be eligible of 50% locker rent concession only (for 1st year).

• Are non-individual accounts permitted under Union Samriddhi?

Ans- No. Only major female individuals can open Union Samriddhi account.