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image Union Udaan: Savings Account for Young Professionals


1.Benefits :

  • Personalized last seven digits of Account Number as per choice (subject to availability)
  • Personal and Air Accident Insurance with debit card
  • Free unlimited cheque books
  • Free unlimited SMS facility

2.Features

Age Group (Entry level)

21-40 Years

Average Balance

Rs 10,000/- Quarterly Average 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

LIFESTYLE BENEFITS & SOCIAL SECURITY

ATM Cash Withdrawal Limit

Rs 1,00,000/- per day

ATM POS Limit

Rs 3,00,000/- per day

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

*subject to change in policy

SERVICE CHARGES

Personalized Cheque Book

Unlimited FREE

NEFT/ RTGS/ IMPS

Unlimited FREE digitally

SMS Charges

FREE

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 vehicle loan (new 4-wheeler) 100% concession on processing fee for Home loan of Rs 1 Crore and above. 50% concession on processing fee of Home loan below Rs 1 Crore and other retail loans.

Concession in Union Professional Personal Loan Scheme

Concession of 0.10% in ROI

(Concessions to be offered to the account holder with more than 6 months of satisfactory dealing)

*Terms and conditions apply.

The service charges and concessional benefits in Union Udaan shall be available to depositors only if account is funded with 10,000/- within 7 days of account opening and stipulated AQB is maintained.

3.Eligibility :

Registered practicing Individual professionals - Medical & para medical professionals, Engineers & Architects, CA/ACCA/ICWA/CFA/CFM/CS, Lawyers, Consultants, Other professionals including artists, photographers, event managers etc.

Individuals: singly or jointly and in case of joint account professional should be the primary account holder.

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 Savings 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.