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City Union Bank Excel Savings Account

Home Savings Account – Types, Features, Interest Rates 2025, Fees & Charges City Union Bank Excel Savings Account

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Published: 03-10-2018 11:20:13 AM

City Union Bank or CUB, as it is often called offers exclusive savings and deposit schemes. There are added benefits like hassle-free cashless payments, virtual cards, entertainment allowances, and the list goes on.

City Union Bank provides a great variety of savings accounts and one such option is Excel Savings Account. People of age between 18 to 54 are eligible to use it.  Let’s know more about the benefits and who is it for.

City Union Bank Excel Savings Account Interest Rate

The interest rate for City Union Bank Excel Savings Account or any other City Union Savings Accounts for that matter has been fixed at 4% per annum.

City Union Bank Excel Savings Account Minimum Balance Requirement
Fees and Charges for City Union Excel Savings Account
Documents Required for City Union Bank Excel Savings Account
How to Open Excel Savings Account with City Union Bank?

City Union Bank Excel Savings Account Minimum Balance Requirement

Below is the table that displays monthly minimum balance required with or without cheque book facility.

Location With cheque book facility Without cheque book facility
Metro 3000 1000
Urban 2500 750
Semi-urban 2000 500
Rural 1000 100

Here are other key details one should know about this account.

Excel Savings Account Feature Detail
CUB Net Banking And Mobile Banking Free of charges
Rate of Interest on Deposits 4.00% p.a.
ATM Debit Card Free International ATM cum Debit Card
Eligibility
  • Applicant should an Indian resident
  • Age of the applicant must be between 18 and 54 years
Mode Of Operation Single
All Electronic Transfers (NEFT/RTGS/IMPS)  Across CUB Accounts No charges
Insurance Coverage Yes, up to Rs. 1 lakh
Nomination Yes, Mandatory
Locker Facility Yes,  Available

Fees and Charges for City Union Excel Savings Account

Refer to the following table to check the fees and charges applicable for Excel Savings Account:

Fees and Charges Detail
Balance Certificate Rs. 25
ATM Debit Card Replacement Rs. 250
Inward NEFT and RTGS Free
Account Closure
  • Rs. 300: If closed within 1 year for individuals
  • Rs. 150: If closed after 1 year for individuals
  • Rs. 600: If closed within 1 year for business entities including proprietary concerns
  • Rs. 300: If closed after 1 year for business entities including proprietary concerns
Balance Enquiry Free

Documents Required for City Union Bank Excel Savings Account

To open Excel Savings Account with City Union Bank, an individual will require the following set of Know Your Customer (KYC) documents along with his/her recent passport size photographs:

Documents Required for City Union Bank Excel Savings Account
Proof of Address Proof of Identity
  • Aadhaar card
  • Voter/election ID card
  • Driving license
  • Passport
  • Utility bills (electricity, water, gas, and telephone)
  • Bank account statement
  • NREGA job ID card duly stamped or signed by the state government’s officer
  • Consumer passbook issued by the registered gas agency
  • Letter from the employer or ID issued by the postal authorities
  • Rent agreement
  • PAN card
  • Aadhaar card
  • Voter/election ID card
  • Passport
  • Driving license
  • NREGA job ID card duly stamped or signed by the state government’s officer
  • Confirmation from the company or employer/ ID card
  • Letter from an authorized/ recognized educational institution
  • ID card issued by postal authorities

How to Open Excel Savings Account with City Union Bank?

There are two ways of doing that. One would be to approach the bank online. Go to the website and follow through that to reach the ‘CUB Excel’ page and click on apply now. A form will appear which once filled get an executive to call you. Alternatively, you can visit your nearest CUB branch and do the formalities.

In any case, all the documents, required forms and photographs need to be submitted which once done will initiate the process of opening an account.

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