Individuals can access basic banking services through Union Bank's Zero Balance Account, which is a type of savings account. There is no need for the account holder to be worried about keeping a minimum balance. The bank guarantees that account holders can utilize necessary banking services like deposits, withdrawals, fund transfers, ATM cards, and online banking even when their account has no money in it.
Union Bank of India offers several options for starting an online account with no balance:
To open a Union Bank account with no balance online, follow these steps:
To open a Union Bank Zero Balance Account, you must meet the following eligibility requirements:
To open a Union Bank Zero Balance Account, you must submit the required documents as follows:
The withdrawal limit for your account with no balance is as follows:
Numerous zero-balance accounts are available from Union Bank of India; however, fees differ depending on the type of account and the location. Here are a few common choices such as:
Account Type | Fee |
Union Digital Saving Account (UDSA) |
|
Minimum Balance | None |
Deposit Charge | Rs.1 per Rs.1000 (including GST) for above Rs.5000 per month |
Additional Transaction | Rs.20 per transaction +GST |
ATM Usage | 5 free transactions per month3 free transactions per month at other bank’s ATMs in metro cities5 free transactions per month at other bank ATMs in other centers |
Savings Account |
|
Minimum Balance | Rs.100 in rural areasRs.1000 in metro cities |
Non-Maintenance Charges | Apply if minimum balance is not maintained |
Other Charges | Similar to UDSA |
Senior Citizen Savings Account |
|
Minimum Balance | None |
ATM Usage | Free Transactions |
Other Charges | Similar to UDSA |
As per the latest update, 1800 22 22 44 or 1800 208 2244 is the customer service helpline number for Union Bank of India. Consumers who need help with banking services, such as opening an online account with no balance, can contact these numbers.
Yes, you do not have to worry about keeping a minimum balance all year long if you open a zero-balance account with the Union Bank of India.
As the name suggests, there is no minimum balance required when opening a zero-balance account.
Any person or organization that qualifies as an Indian resident, NRI, or HUF can submit an application for a union bank account.
Depending on its rules and eligibility requirements, Union Bank may allow you to change your savings account to a zero-balance account.
Cash withdrawals at ATMs are restricted to Rs.25,000 daily, while the daily limit for POS withdrawals is Rs.50,000.
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