Union Bank Savings Account Opening Online & Offline

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

Union offers a host of savings account schemes for their customers. Here are they:

1. Basic Savings Bank Deposit Account
2. Savings Bank Account (SBGEN)
3. Union Savings Flexi Deposit Account
4. Savings Bank Account for Pensioners (SBPEN)
5. Savings Bank Account for Students (SBZER)
6. Basic Saving Bank Deposits Account-Small Accounts
7. Union Super Salary Account (USSA)
8. Savings Flexi Deposit Scheme (SBNFD)
9. Savings Flexi Deposit Scheme (SBNFP)
10. CAPITAL GAIN SB ACCOUNT (SBCAP)
11. MACT CLAIMS SB ACCOUNT (MACT)
12. SPECIAL SB SCHEMES VARIANT - I (SB Premium) SBPRE
13. SPECIAL SB SCHEMES VARIANT - II (SB High Networth Customers) SBHNI
14. Union Digital Savings Account (UDSA)

Union Bank Saving Account Opening Online

Here are the steps to follow while opening a Union Bank savings account online:

1. Download Union Bank’s “Union Selfie & M-Passbook” app on your mobile.
2. Take a selfie from the app and scan your Aadhaar and PAN cards.
3. Visit the bank with all your documents and your savings account number will be generated instantly.

You can also visit the official website of Union Bank of India and follow the steps below to open a savings account online:

1. Select "Digital Banking" and click on "Self-Service Banking".
2. Choose “Savings Account” from “Online Account Opening”.
3. Fill up the application form with all the required information.
4. Submit the form.
5. Visit the branch with the required documents for KYC verification.

Union Bank Savings Account Offline

Here are the steps to follow for Union Bank savings account opening:

1. Visit the nearest Union Bank of India branch.
2. Carry all your KYC documents for verification.
3. Collect the Union Bank savings account application form.
4. Fill it up with the required details. Make sure the information on your application form matches your KYC documents.
5. Submit the application form and the documents.
6. Wait for the verification process. 

Union Bank Savings Account Charges

Check out the basic charges applicable to your Union Bank savings account:

• Electronic Clearing Service – Rs. 4 per transaction
• Cheque Book Issuing – No charges up to 40 pages; Rs. 4 per page will be charged after that.
• Account Activation – free
• Account Closure - Free if you close the account within 14 days. If you close the account within 12 months, you need to pay a charge of Rs. 173 for accounts with a chequebook and Rs. 130 for accounts without a chequebook. Again after 12 months, account closure will be free of cost.
• Outward RTGS – Rs. 29 to Rs. 63 per transaction
• Neft Out - Rs. 3 to Rs. 29 per transaction
• Neft/RTGS Inward - Free
• Account Statement - Free
• SMS Banking - Rs. 15 quarterly
• Standing Instructions - Rs. 58 (one-time fee)
• Inactive Accounts - if you maintain the minimum balance, no fees will be charged. 
• Customer-Induced Debt entries - Free reservations up to 60 per quarter. After that, you need to pay Rs. 17 for each entry.

Union Bank Savings Account Limit

You can avail a withdrawal limit of Rs. 25000 per day through an ATM with your Union Bank savings account. However, The POS limit is Rs. 50,000.

Features & Benefits of Union Bank Savings Account

Here are some of the notable features and benefits of the Union Bank savings account:

• Easy and hassle-free application process.  
• Union Bank savings account holders can pay utility bills, recharge mobile, and check their balance using the U-Mobile app.
• You can make remittances through mutual funds, NEFT, Union e-cash, IMPS, etc.
• Union Bank issues 20 free cheque book pages and 2 free cheque books for savings account holders per year.
• You can open a joint savings account.  
• Students can open savings accounts at zero balance.
• You can earn rewarding points on a Union Bank debit card.
• Account holders can avail of accidental insurance. 
• You can avail facilities like mobile banking, phone banking, ATM banking, etc.
• You can choose a nominee for your savings account.
• Limitless withdrawals via debit cards, internet banking, and branches.
• You can avail of e-statements and passbooks free of cost, and more.

Helpline Number

You can call 1800 2222 44 / 1800 2222 43 (toll-free numbers) for any queries and help from Union Bank regarding your savings account.

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