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  1. UBI offers range of savings account that suits your personal needs for the banking. Open your savings bank account online in India now with Union Bank of India.

  2. By opening a savings account with Union Bank, individuals can deposit funds they wish and can earn attractive rates of interest. The high rate of liquidity, easy access and no withdrawal and deposit limit make the savings account one of the most preferred options to investors.

  3. Mar 25, 2024 · |. Updated on: Mar 25th, 2024. |. 10 min read. Union Bank savings account offers attractive interest rates and lucrative features. If you are planning to open a savings bank account with Union Bank of India, keep reading to learn about its types, opening process, features and benefits, etc. Union Bank Savings Account Types.

  4. Apr 4, 2024 · Table of Content. Union Bank Savings Account Interest Rates. Types of Union Bank Savings Account. Features & Benefits of Union Bank Savings Account. Documents Required for Opening a Savings Account in Union Bank. Union Bank Savings Account Fees and Charges. Eligibility Criteria for Opening a Savings Account in Union Bank.

    • Types of Union Bank Savings Accounts
    • Features and Benefits of Union Bank Savings Account
    • Documentation Required For Union Bank Savings Accounts
    • Trusts & Foundations
    • Societies, Associations, Clubs and Other Organizations
    • Minimum Balance Requirements
    • Eligibility Criteria
    • FAQs on Union Bank of India Savings Account
    Basic Savings Bank Deposit Account
    Savings Bank Account (SBGEN)
    Union Savings Flexi Deposit Account
    Savings Bank Account for Pensioners (SBPEN)

    The savings accounts offered by Union Bank of India come with the following features and benefits: 1. The application process is easy and hassle free. 2. You can open a savings account jointly. 3. Phone Banking, Mobile Banking, Tabulous Banking, and ATM Banking are available. 4. You have the option of earning reward points on your debit card. 5. St...

    In order to apply for a Union Bank Savings Account, Customers must furnish the following documents: 1. Individual & Joint Applicants 1.1. ID Proof - Passport/PAN Card/Voter ID Card/Driving License/Job Card issued by the NREGA/Aadhar Card 1.2. Address Proof - Passport/Voter ID Card/Driving License/Job Card issued by the NREGA/Aadhar Card or Letter. ...

    Trust Deed or Certificate of Registration
    List of Trustees
    Settlers Declaration
    An official and valid document with regard to the person holding the power of Attorney to carry out transaction on behalf of the Trust / Foundation.
    Registration Certificate (in case of a registered body).
    List of members on the Managing Committee, along with their bio-data.
    Bye laws
    Document indicating the resolution of the organization's Managing Committee to open the account and also delegate authority to operate the said organization's accounts.

    The minimum balance that must be maintained for a regular savings account is mentioned in the table below:

    The eligibility criteria that must be met in order to open a savings account with Union Bank of India are mentioned below: 1. Institutions, agencies, associations, societies, trusts, clubs that are registered with the RBI. 2. Minors and Purdanasheen Ladies. 3. Illiterate individuals. 4. Visually impaired individuals. 5. Indian residents. How to Ope...

    What is the interest rate on the savings account offered by the Union Bank of India? Union Bankoffers interest rates ranging from 2.90% p.a. to 3.55% p.a. on its savings accounts.
    Who can open a Basic Saving Bank Deposits Account (BSBDA)? Any individual who can open a regular savings account is eligible to open a Basic Saving Bank Deposits Account.
    What is the minimum balance required to open a Savings Flexi Deposit Scheme (SBNFD)? The minimum balance required to open a Savings Flexi Deposit Scheme (SBNFD) is Rs.50,000.
    Can minors below the age of 10 years open a Savings Bank Account for Students (SBZER)? Yes. Minors under the age of 10 years can open a Savings Bank Account for Students (SBZER) which will be opera...
  5. Pros. Variety of bank accounts. Services fees are often waivable. Good customer service over the phone. Cons. Low-earning interest rates. High minimum deposits. Cluttered website. Best For. Customers looking for simple bank accounts. Union Bank doesn’t offer the most competitive interest rates on its accounts.

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