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Old February 18th, 2017, 02:39 PM
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Default Re: Difference between City Union Bank and Union Bank of India

The difference between the City Union Bank and Union Bank of India for the savings account have been mentioned below:

City Union Bank

The bank, 'The Kumbakonam Bank Limited' as it was then called was consolidated as a restricted organization on 31st October, 1904.

The bank in the first place favored the part of a local bank and gradually yet consistently worked for itself a place in the Delta District Thanjavur.

The Bank praised its Golden Jubilee on fourteenth November, 1954 at Kumbakonam under the Presidentship of Shri.C.R.Srinivasan, Editor, "Swadesmitran" and Director, Reserve Bank of India

Bank accounts are proposed to assemble the investment funds of the community.A investment account is a sheltered, helpful and reasonable approach to spare your cash. It's much more secure to keep your cash at a bank than to keep a lot of trade out your home. When you put your cash in a bank, the bank protects it in a flame resistant bolted. The sum in the investment funds financial balance additionally protected under store protection . Regardless, you can't lose your cash when it's in the bank.

Who can open?

Investment accounts are opened at the caution of the bank for people on appropriate presentation.

Records might be opened by

2. Least Value of Term Deposit

Under the plan term stores of sum Rs.1000 or products there of might be acknowledged. The contributor ought to present his salary assess PAN number and photo alongside the application.

3. Encashment on development:-

The development time of a term store receipt of any category should be five years starting from the date of the receipt.

No term store should be encashed before the expiry of five years from the date of its receipt.

an) a man in his/her own name;

b) two people or more than two people in their joint names in anybody of the accompanying structures:

Accounts for the sake of Mode of operation

An and B Either or Survivor

An and B Jointly or Survivor

An and B Former or Survivor

A, B and C Anyone or Survivors or Survivor

Union Bank of India

Bank Together, Gain Together.Yes at Union Bank of India,banking together has turned out to be significantly all the more fulfilling. Exhibiting, the Union Bank's Family Saving Scheme which is particularly intended to meet all the managing an account necessities of your relatives under one rooftop.

Highlights and Benefits:

Least 2 and most extreme 6 relatives (records) can shape a gathering under this plan. Clients having various SB accounts with us can likewise club all his/her records under this plan alongside other relative/s.

Relatives incorporate Grand Parents, Father, Mother, Spouse, Brother, Sister, Son, Daughter.

The gathering all in all should keep up Average Quaterely Balance (AQB) of Rs.1 lakh in SB accounts OR Rs.10 lakhs in the Term Deposit accounts with a specific end goal to profit the advantages. In any case, for new records opened and assembled under this plan, the consolidated SB adjust has been kept at Rs.50,000.

Free offices begins from the very beginning. The Facilities can be delighted in by any part (record) of the family in the gathering.

Clubbing the records having a place with the relatives is with the end goal of ID of the gathering and for landing at the normal quarterly adjust only.The singular records will be worked entirely according to the order presented by the individual client/joint holder (fundamentally a family member).Secrecy and privacy of the individual records won't be traded off regardless.

Free facilities per account under this plan are as under:


A) Cheque Book & Remittances

Free Personalized Multicity Cheque Books Per Year
2 Books per account

Inter Sol Transactions Per Month(Excluding Cash)
Unlimited Free

Unlimited Free

Free Demand Draft/ Pay Order
Up to Rs.20,000 Per Account Per Month

B) International Debit cum ATM Card Facility

ATM cum Debit Card
Free, No issuance Charge.

ATM Withdrawal
Rs.25,000 Per Day

Shopping Limit -POS
Rs.25,000 Per Day

Combined Limit(ATM+POS)
Rs.50,000 Per Day

Accidental Insurance Cover upon usage of Debit card
Rs.2 Lacs

No Annual Maintenance Charges for Debit Cards

Internet Banking (Fund Transfer+ Bill Payments)

Pass Book/ Account Statement

C) Add On Facilities

Waiver Of Cash Deposit Charges @Outstations
Up to Rs.50,000 per day

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