Name of the Product
Union Digital Saving Account (UDSA )
Eligibility
Any resident Individual can open and operate Union Digital Savings Account (UDSA) in his /her name. Joint Account or Joint mandate for Operation is not permitted.
Account opening mode
Through internet banking, Vyom App and branch.
Average Monthly Balance
No minimum balance requirement as account can be opened with Zero balance.
Cash Deposit limit per month
Cash Deposit Charges will be applicable for any cash deposit in the account. Charges Re.1/-+ GST per thousand.(Amount above Rs.500/- will be reckoned as Rs.1000/- for this purpose for cash deposits above Rs.1000/-)
Free Self-Cash Withdrawal limit per day at Non Base Branch / Base Branch
Cash Withdrawal (self) at non base branches is allowed up to Rs.25000/- No such limit for Cash Withdrawal at Base Branch.
Max 3 withdrawal permitted for base & non-Base branch put together in a month, beyond which charges of Rs.10 + GST for every extra transaction to be levied.
Type of Debit card
Classic card
Debit Card charge
Issue charge - FREE.
Annual Maintenance charge –As per applicable charges.
Access to own Bank ATM
5 transactions (financial + non-financial) per month Free.
Access to other bank ATM
3 transactions (financial + non-financial) per month at Metro or 5 transactions(financial + non-financial) per month at other centres are Free
ATM CASH Withdrawal Limit
Rs 25000 per day
POS Limit
Rs 50000/- per day
Personal Accident Insurance (Death) cover with account
Rs 5 Lakhs FREE
Personal Accident Insurance (Death) with debit card*
Rs 2 Lakhs FREE
Issuance of Cheque Books
Charges as applicable to Normal savings Account.
Outward Remittances charges through Digital Channels like Vyom App, UPI, BHIM, Net Banking etc
From Branch – No Charges
Via All digital platforms-No Charges
Charges for Purchase of DD/outstation cheques for collection/standing instruction/auto sweep
As applicable to Normal savings Account
Monthly Statement of Accounts
Will be sent by E-mail without any Charges.
*Personal Accident insurance with debit card is subject to terms and conditions of debit card policy and usage which may change from time to time.
