Union Bank of India offers various savings account options with attractive features, competitive interest rates, and convenient banking services. Opening a savings account with Union Bank can be done both online and offline, making it accessible to customers across India. This comprehensive guide covers everything you need to know about opening a Union Bank savings account, including online and offline processes, required documents, account types, and features.
[IMAGE::Union Bank Savings Account Opening Guide]
Types of Union Bank Savings Accounts
Union Bank of India offers various savings account types:
Regular Savings Account: Basic savings account with standard features
Senior Citizen Savings Account: Higher interest rates for citizens aged 60 and above
Minor Savings Account: Accounts for children below 18 years
Salary Account: For salaried employees
Women's Savings Account: Special account for women with additional benefits
Zero Balance Account: For customers who don't want to maintain minimum balance
Eligibility Criteria
To open a Union Bank savings account, you must:
Be an Indian citizen or NRI
Be 18 years or above (for regular account)
Have valid identity and address proof
Have a valid mobile number and email ID
Complete KYC (Know Your Customer) requirements
How to Open Union Bank Savings Account Online
Method 1: Using Union Selfie App
Union Bank offers instant account opening through the Union Selfie & M-Passbook app:
Download "Union Selfie & M-Passbook" app from Google Play Store or Apple App Store
Enter your mobile number and accept terms and conditions
Select your nearest Union Bank branch
Provide your email ID and verify via OTP
Capture a selfie for account opening
Take photos of your Aadhaar card (front and back)
Take photo of your PAN card
Fill in personal details (name, date of birth, address)
Review all details and submit the application
Account number is generated instantly
Visit the selected branch with original documents for account activation
Complete biometric verification and sign account opening form
Account is activated within 24 hours
Method 2: Through Union Bank Website
Visit Union Bank of India official website
Navigate to "Open Savings Account Online" section
Fill in the online application form
Upload scanned copies of KYC documents
Submit the application
You will receive a reference number
Visit the nearest branch with original documents
Complete verification and activate the account
How to Open Union Bank Savings Account Offline
Step 1: Visit Nearest Branch
Visit your nearest Union Bank of India branch during banking hours.
Step 2: Get Account Opening Form
Collect the savings account opening form from the bank or download it from the bank's website.
Step 3: Fill the Form
Fill in all required details including personal information, contact details, nominee details, and signature.
Step 4: Submit Documents
Submit the filled form along with required KYC documents and photographs.
Step 5: Verification and Account Opening
Bank verifies your documents and opens the account. You receive account number, passbook, and debit card within 3-5 working days.
Documents Required for Account Opening
Identity Proof (Any One)
Aadhaar card
PAN card
Voter ID card
Driving license
Indian passport
Government ID card
Address Proof (Any One)
Aadhaar card
Utility bills (electricity, water, gas) not older than 3 months
Bank statement or passbook
Rent agreement (registered)
Voter ID card
Indian passport
Driving license
Other Documents
Two recent passport-sized photographs
PAN card (mandatory for accounts with transactions above ₹50,000)
Form 60 (if PAN not available)
Nominee details and documents (if applicable)
Union Bank Savings Account Features
Interest Rates: 2.50% to 4.50% per annum (varies by account type and balance)
Minimum Balance: Varies by account type (some accounts have zero balance requirement)
Free Debit Card: Free debit card with most savings accounts
Internet Banking: Free internet banking facility
Mobile Banking: Free mobile banking app
ATM Access: Access to Union Bank ATMs and other bank ATMs
Cheque Book: Free personalized cheque book
Passbook: Free passbook facility
NEFT/RTGS/IMPS: All payment services available
UPI: UPI payment facility
Auto Sweep: Auto sweep facility available (optional)
Interest Rates on Union Bank Savings Account
Interest rates vary based on account balance (as of 2025):
Balance up to ₹1 lakh: 2.50% per annum
Balance above ₹1 lakh: 2.75% to 4.50% per annum (varies by account type)
Senior Citizen Accounts: 0.50% additional interest
Interest is calculated on daily balance and credited quarterly
Minimum Balance Requirements
Regular Savings Account: ₹1,000 to ₹5,000 (varies by branch location)
Zero Balance Account: No minimum balance required
Salary Account: Zero balance or as per employer agreement
Penalty may apply if minimum balance not maintained (varies by account type)
Account Opening Charges and Fees
Account Opening: Usually free (varies by account type)
Debit Card: Free (annual charges may apply)
Cheque Book: Free (replacement charges may apply)
Passbook: Free
Internet Banking: Free
Mobile Banking: Free
Annual Maintenance Charges: Varies by account type (some accounts are free)
Time Required for Account Opening
Account opening time varies:
Union Selfie App: Account number generated instantly, activation within 24 hours
Online Application: 2-3 working days
Offline Application: 3-5 working days
Debit Card: 7-10 working days after account opening
Passbook: Available on account opening or within 2-3 days
Benefits of Union Bank Savings Account
Wide network of branches and ATMs across India
Competitive interest rates
Free internet and mobile banking
Multiple account types to choose from
Easy online account opening process
Digital banking services
UPI and payment gateway integration
24/7 customer support
Government bank with strong credibility
Important Points to Remember
Keep original documents ready for verification
Ensure mobile number is active and accessible
PAN card is mandatory for high-value transactions
Maintain minimum balance to avoid penalty
Complete KYC requirements for account activation
Update contact details (mobile, email, address) regularly
Set up internet banking and mobile banking for convenience
Add nominee for account safety
Review account terms and conditions before opening
Conclusion
Opening a Union Bank savings account is a straightforward process that can be completed online or offline. With various account types, competitive interest rates, and digital banking facilities, Union Bank offers convenient banking solutions for customers. Choose the account type that best suits your needs and follow the step-by-step process to open your account seamlessly.