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I want to know the Minimum Balance required to open account in Union Bank of India UBI so can you tell me?

[prince karak]

The Basic Savings Bank Deposit Account is available to those who cannot provide the documents required for a regular savings account.

With this account, Union Bank of India aims at enabling the rural and unorganised sector to have access to banking facilities which is much required to help them advance.

There is no Minimum Average Balance Requirements for Savings Bank Deposit Account

Basic Savings Bank Deposit Account

Initial Deposit Requirements Nil

Minimum Average Balance Requirements (MAB) Nil

Quarterly Average Balance Nil

Eligibility

Residents of India except Societies, Trusts, NRIs, etc.

No minimum balance required.

ATM card or ATM-cum-Debit Card provided

RuPay Debit Card will be provided to all the a/c holders.

Deposit and withdraw cash at bank branch as well as ATMs with ease

Receipt/credit of money through electronic payment channels

Deposit/collection of cheques drawn by Central/State Government agencies and departments

No limit on the number of deposits

A maximum of four withdrawals allowed in a month, including ATM withdrawals.

No charges for the above-mentioned facilities.
Services Offered –

The following services are offered with a Union Bank of India Basic Savings Bank Deposit Account.

Passbook and e-Statements
SMS Banking Charges
Cash Withdrawal -4 withdrawals per month, including branch and ATM withdrawals
Internet Banking -Receipt or credit of money through electronic payment channels is available

Customer service: 1800 22 2244