top of page
Product Details
Bank Name

City Union Bank

Account Name

CUB Basic Savings Account

Account Type

Savings Account

Interest Rate

Up to 5 lakh-2.75% and For 50 Crore or above - 5.00%. Between 5 Lakh and 10 Lakh: 3%. Between 10 Lakh and 25 Lakh: 3.50%. Between 25 Lakh and 50 Crore: 4%.

Free Debit Card

Yes

CUB Basic Savings Account
Account Opening Fees

0

Annual Maintenance Fees

NIL

Minimum Account Balance

NIL

Debit Card Charges

For AMB< Rs 15000=Rs.40/quarter DC charges

NEFT Charges

Free through Net Banking

IMPS Charges

Up to 1 lakh-Re 1 and For Above Rs.25001 to Rs.2 Lakh - Rs. 7.50

Fees and Charges

CUB Basic Savings Account

77.1
Special Features

None

Eligibility Criteria

Resident individual Hindu Undivided Family (HUF,) Minor(operated by Guardian)

Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros

  • Normal savings bank account with all online and offline banking services.

  • No limit on the number and value of deposits that can be made in a month.

  • Free passbook facility

Cons

  • No chequebook facility.

  • Less interest rate of 3%.

CUB Basic Savings Account

The account comes with an extremely low interest rate. The account offers limited number of value add benefitss. Overall there is nothing which differentiates this accounts from a standard bank account.

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Account Opening and Procedure
How to open an Account?

Opening an account at City Union Bank can be done through both online and offline methods. Here's a breakdown of the process:

Online Account Opening:

  • Visit the City Union Bank Website:Go to the official City Union Bank website.
    Look for the "Open Account" or similar option.

  • Select Account Type:
    Choose the type of account you want to open (savings, current, etc.).

  • Fill Online Form:Complete the online account opening form with your personal details.

  • Upload Documents:Upload scanned copies of the required documents (PAN card, Aadhaar card, etc.).

  • Verify Identity:
    Complete the identity verification process, which might involve an OTP or video KYC.

  • Video KYC:
    City Union bank also provides a video KYC option. This allows you to complete the KYC process through a video call with a bank representative.

  • Account Activation:Once verified, your account will be activated.

Offline Account Opening:

  • Visit a Branch:
    Go to your nearest City Union Bank branch.

  • Obtain and Fill Form:Get an account opening form from the bank and fill it out.

  • Submit Documents:Submit the filled form along with the required KYC documents.

  • Verification:The bank staff will verify your documents.

  • Account Activation:Upon successful verification, your account will be opened.

  • Collect Welcome Kit:
    You will then recieve your welcome kit, containing your debit card, and check book if applicable.

Application Procedure
bottom of page