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Product Details
Bank Name

Union Bank of India

Account Name

Account Type

Saving/Children

Interest Rate

Upto 50 Lakh 2.75%. Above 50 Lakh upto 100 Crore : 2.90%

Free Debit Card

No

UBI Muskaan Savings Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

0

Debit Card Charges

Platinum Debit Card. Issuance fee: Nil. Annual fee: INR 300 + GST (card will be for parents)

NEFT Charges

Free

IMPS Charges

Free

Fees and Charges
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UBI Muskaan Savings Account

Special Features
None
Eligibility Criteria
Minor of any age under guardianship of Parent/Guardian.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free NEFT Transfer. Concession of 0.25% in ROI on Education Loan. Rs 2 Lakhs on accidental death of parent/guardian operating the account (by Bank).
Cons
Low interest rate. Limited value add features.
Application Procedure

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