#1
13th February 2016, 11:47 AM
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United Bank of India SB Account
Can you provide me the eligibility details and other details of the United Basic SB Account offered by United Bank of India as my cousin wants to open an account?
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#2
13th February 2016, 11:48 AM
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Re: United Bank of India SB Account
The target group of the United Basic SB Account offered by United Bank of India includes low-income families in rural/ urban areas, industrial/ agricultural labourers in rural/ urban areas and non-pensioner senior citizens. Area of operation : From all the branches of the Bank Eligibility : The account may be opened in the name of an individual or in the name of two or more individuals. For Joint account, it can be operated jointly or severally, with either or survivor (or) former or survivor clause. Account may be opened in the name of minor, to be operated by natural guardian. Minor at the age of 13 can operate account individually. An illiterate person can also open account jointly with literate but in that case, the mode of operation is ‘Former or Survivor’ where illiterate would operate the account and literate is the survivor Initial deposit and Minimum balance : The account can be opened and continued with even 'zero' balance. Number of transactions in the account : • For deposits – No restriction. • For withdrawals - Maximum 5 withdrawals p.m. A charge of Rs. 5/- per month for every additional withdrawal transaction. Facility of ATM-cum-Debit card : No ATM-cum-Debit card shall be issued. |