Union Bank of India with its almost 8500 branches and 9800+ ATMs is one of the leading banks of the country with almost 75% being owned by the Government of India.
A resident of India: You must be a resident of India to open these accounts.
- Savings Bank Account for Students (SBZER)
- Specifically for students aged 10 to 25.
- Debit card with transaction limits.
- Free Personal Accident Insurance cover.
- 10 free withdrawals every half-year.
- Union Super Salary Account (USSA)
- No minimum balance requirement.
- Variants with different debit cards.
- Higher daily transaction limits.
- Additional benefits like insurance.
- Union Savings Flexi Deposit Account
- Free debit card and passbook provided.
- Enjoy up to 5 free cheque books annually.
- Nomination facility available.
- Savings Flexi Deposit Scheme (SBNFD)
- Blend of savings and fixed deposit benefits.
- Minimum balance of Rs.50,000.
- Higher transaction limits with a platinum debit card.
- Savings Bank Account for Pensioners (SBPEN)
- For pensioners with no minimum balance requirement.
- Debit card with daily transaction limits.
- Free Personal Accident Insurance cover.
- 5 free transactions at Union Bank ATMs per month.
- SPECIAL SB SCHEMES VARIANT - II (SB High Networth Customers) SBHNI
- For customers with high average balances.
- Signature Card/RuPay select debit card.
- Premium benefits and higher transaction limits.
- Savings Bank Account (SBGEN)
- Enjoy banking anytime, anywhere.
- No minimum balance required, even students can open.
- Get a debit card and 20 free cheque leaves per year.
- Access U-Mobile for mobile banking needs.
- CAPITAL GAIN SB ACCOUNT (SBCAP)
- For capital gains tax exemption.
- No maximum deposit period.
- Nomination facility available.
- Union Digital Saving Account (UDSA)
- For all Indian residents.
- No minimum balance requirement.
- Classic debit card with daily transaction limits.
- Basic Saving Bank Deposits Account-Small Accounts
- Under the PMJDY scheme.
- No minimum balance required.
- Limited to Rs.50,000 balance, 4 free withdrawals per month.
- Savings Flexi Deposit Scheme (SBNFP)
- For individuals and government bodies.
- Higher minimum balance and short deposit tenure.
- Unlimited free cheque leaves.
- MACT CLAIMS SB ACCOUNT (MACT)
- For Motor Accident Claim Tribunal compensation.
- No minimum balance required.
- Withdrawals via forms or biometric authentication.
- SPECIAL SB SCHEMES VARIANT - I (SB Premium) SBPRE
- For account holders with good balances.
- Platinum debit card and enhanced benefits.
- Higher transaction limits.
- Basic Savings Bank Deposit Account
- No need to keep a minimum balance.
- Basic features like cash deposit, withdrawal, and electronic fund transfers.
- Receive an ATM/debit card for easy transactions.
- No limit on the number of deposits.
- Up to 4 free withdrawals per month.
A resident of India: You must be a resident of India to open these accounts.
- Individuals: These accounts are primarily for individual account holders.
- Joint accounts: You can open a joint account with a maximum of four people.
- Minors: A guardian can open an account on behalf of a minor.
- Other entities: For entities like associations, trusts, institutions, or clubs, you might need to inquire with the bank directly about the specific requirements and documents needed.
- Aadhaar card
- Mobile linked to Aadhaar for OTP
- PAN card
- Recently scanned image of photograph-Size between 20 KB - 50 KB
- Scanned image of address proof between 20 KB - and 100 KB
- Scanned image of Identity proof between 20 KB - and 100 KB
- Signature scanned-Size between 20 KB - 50 KB
- Mobile to be carried in person to the branch for OTP verification while account opening.
- Start by visiting the corporate website of Union Bank.
- Locate the Digital Banking option and click on the Self-Service Banking button.
- Now, Click on the Online account opening option and select the savings account.
- Fill in all the mandatory details and upload all the necessary documents required.
- A reference number will be generated and an SMS will be sent to your registered mobile number.
- A system prompt will submit the application form automatically.
- Visit the branch where you’ve submitted the application form with KYC documents including original copies.
- Bank Officials will take care of the rest and you need to make some initial deposits depending on the type of account you select.
- You can also apply for a debit card and relevant documents to the bank officials.
Headquarter address | Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai – 400 021, Maharashtra, India |
Helpline contact number | 1800 22 22 44 / 1800 208 2244 / 18004251515 |
Helpline email address | customercare@unionbankofindia.com |