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Product Details
Bank Name
Union Bank of India
Account Name
UBI Muskaan Savings Account
Account Type
Saving/Children
Interest Rate
Upto 50 Lakh 2.75%. Above 50 Lakh upto 100 Crore : 2.90%
Free Debit Card
No
75.7
Account Opening Fees
0
Debit Card Charges
Platinum Debit Card. Issuance fee: Nil. Annual fee: INR 300 + GST (card will be for parents)
Annual Maintenance Fees
0
NEFT Charges
Free
Minimum Account Balance
0
IMPS Charges
Free
Fees and Charges of
UBI Muskaan Savings Account
UBI Muskaan Savings Account
Special Features
Eligibility Criteria
Minor of any age under guardianship of Parent/Guardian.
Benefits
Features, Eligibility and Benefits of
UBI Muskaan Savings Account
Pros & Cons of
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.
UBI Muskaan Savings Account
UBI Muskaan Savings Account 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
Review of
UBI Muskaan Savings Account
Account Opening and Procedure of
How to open an Account?
Application Procedure
UBI Muskaan Savings Account
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