Union Bank offers zero-balance salary accounts with high insurance coverage, free ATM access, and flexible overdraft facilities. The Union Bank salary account are available in four variants based on different salary ranges. These accounts variants offer benefits tailored to every salaried individual. 

This guide covers everything you need to know—from account types and eligibility to interest rates, required documents, and how to open your account online or offline.

Union Bank Salary Account Benefits

The benefits of each type of Union Bank salary account are given below:

Union Bank Salary Account Eligibility

Eligibility to open a Union Bank salary account depends on your account type. They are as follows - 

• Classic Salary Account: To open a Union Bank classic salary account, your gross salary should be less than ₹25,000/month.
• Executive Salary Account: Your salary range for an executive salary account should be between ₹25,000 and ₹74,999 monthly.
• Premier Salary Account: If your monthly salary is ₹75,000 per month or above, you can open a premier salary account.
• Elite Salary Account: Your net salary should be ₹1,80,000 or above per month to qualify for an Elite Salary Account.

Union Bank Salary Account Opening Documents Required

You must have the following set of documents:

Proof of Identity

• Voter's Identity Card
• Driving License
• PAN Card
• Passport
• Any other document specified by the Bank or RBI

Proof of Address

• Ration Card
• Rent Agreement
• Electricity Bill
• Telephone Bill
• Any letter recognized by a public authority

Union Bank Salary Account Opening Charges

To open a new salary account at Union Bank, you do not need to pay any charges or maintain a minimum balance. However, your salary should fall within the specific range mentioned by the bank.

Union Bank Salary Account Opening Minimum Balance

There are no minimum balance requirements for a salary account opening at the Union Bank of India. You can choose any of their salary accounts if you are eligible as per your salary range.

Union Bank Salary Account Maintenance Charges

Union Bank salary account is a zero balance account where you do not need to maintain a minimum balance in your account. Therefore, no account maintenance charges are applicable.

Union Bank Salary Account Interest Rate

According to the Union Bank of India, their rate of interest is the same for both savings accounts and salary accounts. Follow this table to know their interest rates:

How to Open Union Bank Salary Account Online?

To open a Union Bank of India salary account online, that is, without visiting the branch, you can complete the application process with these simple steps:

• Visit the official website of the Union Bank of India and click on ‘Accounts and Deposits’ under the personal section.
• Click on the salary account and choose ‘View All Products’.
• Now select your preferred account type from the list. You may check their benefits by clicking the ‘Know More’ button below every account type.
• After selecting an account type, click ‘Apply Now’ on the next screen.
• Please enter your details, such as name, mobile number, email address, product type, etc., and press the submit button.
• Keep your employment proof, Aadhaar, and PAN card handy to complete the next steps.

After you submit your application form, the bank will verify your details, and you will receive your account details.

How to Open Union Bank Salary Account Offline?

To open a Union Bank salary account offline, you have to follow these steps:

• Visit your nearest Union Bank branch and ask the official for the salary account application form,
• Fill out the form and submit it with the required documents, such as an employment proof, identity proof, income proof, residential proof.
• After that, the bank will verify your request, and after opening your account, you will be notified through SMS.

How to Close Salary Account in Union Bank?

If you want to close your Union Bank Salary Account, there are no options available to close it online. You need to visit your home branch to complete the closure process:

• From the counter, you have to collect the account closure form. 
• Fill out the form, submit the required documents, and surrender your account-related documents such as your passbook, ATM cards, credit cards, etc. 
• With the form, you may have to write a letter to your branch manager to close the account.

Final Word

Union Bank of India offers a variety of salary account options tailored to different income levels and professional categories. Whether you’re just starting your career or belong to a senior income bracket, there’s a salary account variant that fits your needs. Make sure to check the eligibility criteria and submit the required documents to enjoy hassle-free account opening and maximum benefits.

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