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CUB Juniors India Savings Account

Savings Account
  • Instant money transfer
  • 24x7 ATM withdrawals
  • Attractive rate of interest

The ‘Juniors India’ Savings Account is the latest savings bank scheme from City Union Bank, introduced for the children of the country. This account, which is meant for minors offers many benefits to children, as account holders. In order to open a Juniors India account, the child must be introduced to the bank by an account holder. The City Union Bank requires the child applicant to submit his or her birth certificate at the time of opening the account.

Bank City Union Bank
Name of Account Juniors India Savings Bank Account
Category Savings Bank Account
Eligibility Children who are 1 day old to the ones below 18 years are eligible for the account. Account is operated by a parent/guardian or court appointed guardian.
Age Proof Birth Certificate of the Child (Applicant)
Debit Card Offered For Children above 12 years, with consent of parent or guardian
Interest Rate 3.50% per annum at present

Balance Requirements for CUB Juniors India Savings Account

As it is a minor savings bank account, the minimum balance to be maintained on an average in the account is very low.

Cheque Book Account Rs.250
Non-cheque Book Account Rs.100

Services Offered on Junior India Savings Bank Account

The following services are offered on a Union Bank of India Junior India Savings Bank Account:

Age Group of 1 day to 12 years

Account holders of the Juniors India Savings account, who are between the ages of 1 day and 12 years, are provided with the following facilities:

Remittance of school or college fees Payable at current rates
Fund transfer from parents/guardians account to the children’s account Allowed at current interest rates
Nomination Facility Available
RTGS and NEFT Facility Free
Banking Facilities At all locations

A toy hundial is also given for free to the Juniors India account holders.

Age Group above 12 years

Account holders of the Juniors India Savings account, who are above 12 years, are provided with the following facilities

Remittance of school or college fees Payable at current rates
Fund transfer from parents/guardians account to the children’s account Allowed at current interest rates
Nomination Facility Available
RTGS and NEFT Facility Free
Banking Facilities At all locations
Issue of ATM cum Debit Card With consent from parents or guardian
Use of Internet Banking Facilities With consent from parents or guardian

When the account holders of the Juniors India Savings Bank Account turn 17 (completion of 17 years), they can continue their account with the bank under Young India Scheme. When they cross the age of 25, they can then convert the account further to a normal City Union Bank Savings Bank account.

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GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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