Union Bank Of India SB Account

Hii sir, I wants to know about the Basic Saving Account Facility of the Union bank of India will you please provide me the details of the basic Saving Account of the union bank of India ?

[Shaleen]

About the Union bank of India


Union Bank of India (UBI) (BSE: 532477) is one of the largest government-owned banks of India (the government owns 63.44% of its share capital). It is listed on the Forbes 2000, and has assets of USD 13.45 billion.

The details of the basic saving Account of the Union bank of India is given below :


Features :

All resident individuals eligible to open a "Basic Savings Account" except
NRIs,trusts, societies, etc.

Any number of accounts in a family can be opened under this scheme.

In north eastern states account can be maintained with zero balance.

No cheque book facility will be available.

One ATM / International debit card will be issued to the account holder.

Withdrawal of cash will be available only through ATM wherever online ATM
facility is available. At other branches, withdrawals will be through
withdrawal slip.

Number of free customer induced debit entries will be restricted to 30 per
half year including debit entries through ECS/ATM. Entries above 30 will be
charged @ Rs.5/- per entry.

Total credits in the account should not exceed Rs.1,00,000/- in a year.

There is no restriction on entries for deposit of Cash/Cheques in the account.
Nomination facility is available.

Interest Rates :


TENOR MCLR (%)
Overnight MCLR 9.25%
One month MCLR 9.30%
Three month MCLR 9.35%
Six month MCLR 9.45%
One year MCLR 9.50%
Two year MCLR 9.55%
Three year MCLR 9.60%

Our Base Rate w.e.f. 05/10/2015 9.65% .

for more details you may visit the nearest branch of the Union bank of India