Product Details
Bank Name
City Union Bank
Account Name
CUB PMJDY (PRADHAN MANTRI JAN-DHAN YOJNA)
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
Debit Card Charges
Free Rupay Card
Annual Maintenance Fees
0
NEFT Charges
Free through Net Banking
Minimum Account Balance
0
IMPS Charges
No Mention
Fees and Charges of
CUB PMJDY (PRADHAN MANTRI JAN-DHAN YOJNA)
CUB PMJDY (PRADHAN MANTRI JAN-DHAN YOJNA)
Special Features
No minimum balance requirements.
Free Rupay card.
Accident Insurance cover of Rs. 1 lakh.
Life cover of Rs. 30,000/- payable after death.
Eligibility Criteria
Benefits
Features, Eligibility and Benefits of
CUB PMJDY (PRADHAN MANTRI JAN-DHAN YOJNA)
Pros & Cons of
Pros
Free Rupay card.
Free Life cover for Rs. 30,000/-
No Maintenance charges.
Account opening is also available at Bank mitra.
Cons
Low interest rate of 3%
No Mention of offline NEFT and IMPS charges
CUB PMJDY (PRADHAN MANTRI JAN-DHAN YOJNA)
CUB PMJDY (PRADHAN MANTRI JAN-DHAN YOJNA) Review
The account comes with low interest rate and offers average 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
Review of
CUB PMJDY (PRADHAN MANTRI JAN-DHAN YOJNA)
Account Opening and Procedure of
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.