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1.Benefits :
2.Features
Age Group (Entry level)
21-40 Years (In case of Individual and Proprietor only)
Average Balance
Rs 25,000/- Average monthly Balance
Debit Card
Rupay Select/ Visa Signature
ATM Access at own ATM
5 transactions (financial) per month Free.
ATM Access at other Bank ATM
3 transactions (financial + non-financial) per month at Metro or 5 transactions (financial + non-financial) per month at other centers are Free
Overdraft Facility*
LIFESTYLE BENEFITS & SOCIAL SECURITY
ATM Cash Withdrawal Limit
Rs 1,00,000/- per day
ATM POS Limit
Rs 3,00,000/- per day
POS/QR
50% Concession on monthly rent of QR with Sound box Priority installation of POS machine, charges as per bank guidelines
Free Personal Accident Insurance (Death) with debit card**
Rs 5 Lakhs (by Bank), Rs 10 Lakhs (additional by NPCI for RuPay Select Card) Rs 5 Lakhs (by Bank) (in Visa Signature Card)
Free Air Accident Insurance with debit card*
Rs 50 Lakhs
SERVICE CHARGES
Personalized Cheque Book
Unlimited FREE
NEFT/ RTGS/ IMPS
Unlimited FREE digitally
SMS Charges
FREE
Monthly statements
Free in Mobile and Net Banking and once per month in Branch.
Free Cash deposit limit per Month (Base Branch)s
10 times of AMB (Over and above existing free cash deposit limit)
CONCESSIONAL BENEFITS*
Concession in MSE Loan Rate of Interest and processing charges (Union Professional Scheme)
Concession of 0.10% in ROI 100% concession on processing fee for loan of Rs 1 Crore and above. 50% Concession in processing fee of Loan below Rs 1 Crore
Concession in Retail Loan Processing Charges
100% concession on processing fee for loan of Rs 1 Crore and above. 50% concession on processing fee for loan of below Rs 1 Crore
Concession in Union Professional Personal Loan Scheme ROI
Concession of 0.10% in ROI
(Concessions to be offered to the account holder with more than 6 months of satisfactory dealing)
OTHER FEATURES
Bulk Payment Processing*
Available
*Terms and conditions apply.
**Insurance Benefits in Union Professional Current Account will be offer only to the Individual and Proprietorship Firms
The service charges and concessional benefits in Union Udaan shall be available to depositors only if account is funded with 25000/- within 7 days of account opening and stipulated AMB is maintained.
Insurance Benefits will be offered only to the Individual and Proprietorship Firms
3.Eligibility :
Registered practicing Individual professionals -Medical professionals, Engineers & Architects, CA/ACCA/ICWA/CFA/CFM/CS, Lawyers, Consultants, other professionals including artists, photographers, event managers etc.
Constitution: Individuals, Proprietorship, Limited Liability Partnerships, Public Limited, Private Limited, Trust or Societies engaged in rendering professional services having an established practice. Should be a registered member with their respective professional Association/ Board/Body etc.
5.FAQ
Can Union Udaan account of customers other than stipulated professionals be opened?
Ans- No. Only professionals with valid registration from respective association/board/institute are eligible to open Union Udaan Current account and should mandatorily be authorized person in current account.]
If a customer opens both Union Udaan current & savings account in Individual name whether concessions offered with individual schemes be available on cumulative basis
Ans- No. Concessional features shall not be available on a cumulative basis. For instance, any professional having both savings and current account in individual name, He/ She will be eligible for concession of only 0.10% ROI and concessions will not be clubbed.