Union Bank of India offers different types of savings accounts to customers. One can start depositing savings with Union Bank of India from multiple options available based on personal requirements. Customers who are interested in opening a Union Bank savings account can choose from a wide variety of savings accounts offered by the bank. Let us discuss in detail about various Union Bank of India savings account types.
| Account Balance | Rate of Interest (p.a.) |
| Up to Rs. 50 Lakh | 2.75% |
| >Rs. 50 Lakh to Rs. 100 Crore | 2.90% |
| >Rs. 100 Crore to Rs. 500 Crore | 3.10% |
| >Rs. 500 Crore to Rs. 1,000 Crore | 3.40% |
| > Rs.1000 Cr to Rs.1500 Cr | 4.10% |
| > Rs.1500 Cr to Rs.2000 Cr | 4.15% |
| Above Rs. 2000 Cr | 4.20% |
Note: Interest rates are updated as on 9th January 2025.
Read more: Savings Account Interest Rates 2025
Union Bank offers facilities of this Savings Bank Account to single individuals, two or more individuals, minors, illiterate persons, blind people, Hindu Undivided families, clubs, associations, committees, societies, schools, trusts, executors, administrators, institutions/agencies permitted by RBI, pensioner and staff members. The account offers below-mentioned features to its customers:
This Union Bank savings account is curated for minors of any age who are under the guardianship of a parent/guardian. Only parents and guardians can operate this savings account. The quarterly average balance to be maintained in this account is Rs. 1,000. The account offers below mentioned benefits:
This savings account by Union Bank is designed for pensioners who are drawing regular pension. There is no need to maintain minimum balance for this savings account. Below mentioned are the features provided by the bank for this savings account:
This savings account by Union Bank is designed for students who are above 10 years of age and up to 25 years of age. Students pursuing a regular course can open this account. Once the child completes the age of 25, the account will be automatically converted to a normal savings account. Students can avail cheque book once they become major. For students who are minors and are below 10 years of age, the account will be operated by parents/guardians in that case. There is no minimum balance to be maintained for this type of savings account in Union Bank.
This account is opened under PMJDY scheme of government. Individuals can apply for this account on the basis of self-attested photograph and by providing a declaration on the account opening form. Individuals are not allowed to open this account in the name of institutions, organizations, non-resident Indians, and staff. This savings account by Union Bank is valid for 12 months thereafter, the account can be extended after 12 months if the individual provides the original proof of valid documents. Below mentioned are the features provided by this account:
This savings account by Union Bank can be opened by individuals who can open regular savings bank account. To open this account, individuals need to declare that they are not maintaining any BSBDA account with any other bank. There is no minimum balance requirement to maintain this account. Below mentioned are the features provided by this savings account:
This savings account by Union Bank is designed for salaried individuals who are drawing regular salaries. The account has three variants. The first variant called USSA – I can be availed by individuals who have a gross salary of Rs. 25,000 per month. The second variant called USSA -II can be availed by individuals who have a gross salary of Rs. 25,000 to Rs. 74,999 per month. The third variant called USSA – III can be availed by individuals who have a gross salary of Rs. 75,000 per month. Below mentioned are the features offered by this account:
This savings account offered by Union Bank comes with fixed deposit. Individuals, non-government bodies, organizations and agencies are eligible to open this account. To maintain this account, an individual must maintain a minimum balance of Rs. 50,000. Below mentioned are the features offered by this savings account:
This savings account by Union Bank is also a type of savings account that comes with fixed deposit. This account is curated for government department bodies, high value customers in order to earn income on the surplus funds available in the savings account. Customers willing to open this account with Union Bank must know that they need to maintain a minimum balance of Rs. 10,00,000 to maintain this savings account. Below mentioned are the features offered by this type of savings account by Union Bank:
This type of account by Union Bank can be opened to receive compensation amount given under Motor Accident Claim Tribunal. The customer can claim the compensation directly in this account. All individuals of any age group are eligible to apply for this account. However, in case of minors, the account can be accessed by the guardian. The account offers below mentioned features:
This savings account by Union Bank can be opened by individuals who can maintain good balances in their account and cam maintain a regular savings bank account. Customers need to maintain quarterly average balance of Rs. 15,000. This account offers the below-mentioned features to its customers:
This account by Union Bank is specially designed for individuals who can manage to maintain high balances in their regular savings account. It is a type of account that offers additional features and facilities to normal savings account. Customers are expected to maintain Rs. 1,00,000 as quarterly average balance. Below mentioned are the features offered by this account:
This Union Bank digital savings account can be opened by any individual in his/her name. A joint account cannot be opened in this type of savings account. The account can be opened with zero balance and there is no minimum balance required for this account. Customers can register for this account through Union Bank’s internet banking, U-Mobile, or by visiting the branch. The account offers below mentioned features:
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Applicants of Union Bank of India savings account need to furnish some documents in order to open the bank account. The requirement is different for different accounts. Below-mentioned are the documents that need to be provided by the applicant at the time of opening a savings account in Union Bank.
Union Bank allows its customers to open a savings account online. If customers want to open an account online, they need to provide below mentioned documents:
The customer needs to carry his/her mobile phone in person to the branch for OTP verification while account opening
| Category | Fees and Charges |
| Issue of Chequebook | Rs. 5.90 (including GST) per cheque leaf |
| Account Closure within 12 months with Chequebook | Rs. 300 + Rs. 54 (GST) = Rs. 354 |
| Account Closure within 12 months without Chequebook | Rs. 100 + Rs. 18 (GST) = Rs. 118 |
| Issue of duplicate DD/Cancellation/Revalidation of DD (Revalidation allowed up to 1 year from the date of issue) | Rs. 150 + Rs. 27 (GST) = Rs. 157 |
| Addition/Deletion of names in Accounts | Rs. 100 + Rs. 18 (GST) = Rs. 118 |
| Issuance of Duplicate Passbook with latest balance | Rs. 100 + Rs. 18 (GST) = Rs. 118 |
Below mentioned applicants are eligible to open a savings account with Union Bank of India:
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If the applicant wants to open Union Bank savings account online, he/she will have to follow the below-mentioned process. There are two ways to open Union Bank savings account online. Firstly, the customer can visit Union Bank’s corporate website www.unionbankofindia.co.in, then navigate on “Digital Banking” > “Self Service Banking” > “Online Account Opening” > “Saving Account” or the customer can also follow the below mentioned process to open a savings account online.
Step 1: Go to Union Bank’s official website, navigate towards savings account and fill in all the mandatory fields and upload the documents as asked
Step 2: A reference number will be generated on saving the application, and an SMS will be sent to you on the mobile number entered in application details
Step 3: The system will ask you to submit the duly filled application form
Step 4: Upon submitting the application form, the customer needs to visit the branch with the unique reference number and the KYC documents as mentioned in the online application form along with original documents and photocopies, two passport size recent photographs for verification and submission
Step 5: The bank official will further complete the verification process
Step 6: Once the verification process is completed, you need to make some deposit in your savings account which may vary depending on the type of savings account you are opening with the bank. In case of zero balance savings account, there is no need to deposit any amount
Step 7: Once you are thorough with all the processes, the bank official will provide you will all the relevant documents and a debit card
To open Union Bank savings account offline, the customer will have to visit the nearest bank’s branch. Below-mentioned steps explain how to open Union Bank savings account offline.
Step 1: Visit the nearest branch of Union Bank and fill in the savings account application form
Step 2: Provide your basic details to the bank official and choose the type of savings account you want to open
Step 3: Once you provide all your basic details, provide the bank official with a self-attested PAN card and Aadhaar card
Step 4: If it’s not a zero balance savings account, you will have to deposit some money in the savings account depending on the type of account you are opening. Collect all the documents and submit the documents with the deposit cash slip or DD and other proof of your identity
Step 5: Once the verification is successful, your account will be opened
The bank will provide you with welcome kit and documents to help you operate the account.
Q. Which mobile banking app can I use to access my savings account in Union Bank?
Ans. You can use Union Bank’s mobile banking app Vyom to access your savings account through your mobile phone.
Q. How can I check my savings account balance in Union Bank?
Ans. You can check your savings account balance in Union Bank by giving a missed call to 09223008586. There are other ways to check Union Bank savings account balance. Click here to know more.
Q. How can I block my credit/debit card immediately in Union Bank?
Ans. To block your credit card or debit card, you need to call on Union Bank’s toll-free customer care number 1800 22 22 44 to get your cards blocked immediately.
Q. What are the ways to apply for a chequebook in Union Bank?
Ans. There are many ways to apply for a new chequebook in Union Bank:
Q. How can I stop the payment of my cheque in Union Bank?
Ans. To stop the payment of your cheque, you can call Union Bank’s toll-free customer care at 1800 22 2244. You can also visit the nearest branch with a written request to stop the payment of your cheque.
Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information.
