Union Bank Account Opening Form 2024
This is an application form for the Savings account opening form for Individuals and this form can be obtained from the nearest branch of Union Bank, or it can be directly downloaded from the link given below.
How to Open a Saving Bank Account in Union Bank of India
- Visit the Union Bank branch closest to you.
- Request the bank executive for an account opening form.
- On the account opening form, applicants will have to fill in both the parts.
- Form 1 – Name, address, signature, various other details and assets.
- Form 2 – Customers will have to fill in this part if they do not have a PAN card.
- Ensure that all the fields have been entered and are correct. The details mentioned in the application form should match those mentioned in the KYC documents that have been submitted.
- The customer will now have to make an initial deposit of Rs.1,000.
- As soon as the bank completes the verification process, the account holder will be granted a free passbook and cheque book.
- Simultaneously, customers can submit the internet banking form.
Any Resident Individual – Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Visually Impaired persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc.
Union Bank Account Minimum Balance
Minimum balance requirement with or without cheque book facility:
| Centers | Without Cheque Book (`) | With Cheque Book (`) |
|---|---|---|
| Metro | 500 | 1000 |
| Urban | 500 | 1000 |
| Semi-Urban | 250 | 500 |
| Rural | 100 | 250 |
- Interest is calculated on a daily product basis and will be credited every quarter in the months of April, July, October, and January every year.
- Rate of interest up to 25Lacs and more than 25 lacs-3%p.a