Product Details
Bank Name
City Union Bank
Account Name
CUB Junior India
Account Type
Saving
Interest Rate
Up to 1 lakh-3.00% and For 50 Crore or above - 5.00%
Free Debit Card
Yes
Account Opening Fees
0
Annual Maintenance Fees
0 for balance above AMB otherwise- Rs. 20-45/ month
Minimum Account Balance
Rs. 7,500
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 Junior India
Special Features
Min AMB-Rs. 7,500
Remittance on school/college fee.
FREE of charges Account operated by Guardian.
FREE CUB Net (above 12 Years), CUB Mobile (above 12 Years)
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free Welcome Kit.
Free Net Banking.
Free Debit/ATM Card.
No Maintenance charges
Cons
High offline NEFT , RTGS and other charges,
Low interest rate of 3%.
CUB Junior India Review
The account comes with low interest rate and offers minimal value add features.
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.