CUB Young India Savings Account

What is City Union Bank Young India?

The City Union Bank Young India Savings Account aims at providing students with easy access to banking facilities. Students can avoid standing in long lines to purchase books or pay their fees. These transactions can be carried out online through Internet Banking.

Updated On - 05 Sep 2025
Check Free Credit Score
CUB Young India Savings Account

Students also receive a free debit card which gives them access to ATMs any time they need. In order to be eligible for this card, an existing account holder or the head of the educational institution must introduce the student.

Bank

City Union Bank

Category

Savings Account

Initial Deposit Requirements

Zero

Minimum Balance

Rs.500

Eligibility

Any student between 18 years and 25 years

Debit Card Offered

International VISA debit card free of charge

Interest Rate

3.50% per annum

Services Offered with CUB Young India Savings Account:

The following services are offered with a City Union Bank Young India Savings Account.

Passbook

Passbook is issued free of cost

NEFT/RTGS

Free

Cheque Book

Not applicable

Cash Withdrawal

Free ATM and bank withdrawals

Cash Remittance

Unlimited

Internet Banking

Free facility

Features of CUB Young India Savings Account:

Some of the important features of City Union Bank Savings Account have been listed below.

KYC Compliance

Required. An account holder or head of the educational institution must introduce the student. Age proof and student ID proof is required.

Debit Card

Students will be issued an International Debit card which can be used to purchase books, flight tickets and railway tickets online. There are no maintenance charges or annual fees.

NEFT/RTGS

Free funds transfer through Internet Banking

Bill Payments

Pay bills, college fees, hostel fees online

Outstation cheque

Free collection

Monthly Statement

Issued free of charge through e-mail

Mobile Banking

Available

Fees and Charges for City Union Bank Young India Savings Account

For the Young India Savings Account, the important fees and charges applicable are listed below.

Service / Product

Fees & Charges

Neft/RTGS inward

Nil

Minimum Balance Shortfall Penalty

Nil

Outstation cheque

Nil

Transaction charges

Nil

NEFT/RTGS

Nil

Account Maintenance

Nil

Debit card replacement

Rs.250 for customer requests. Bank induced replacement is free.

Account closure

Closure within 12 months - Rs. 275 Closure after 12 months - Rs.125

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

Disclaimer
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.