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Product Details
Bank Name

Union Bank of India

Account Name

Account Type

Saving

Interest Rate

Money above INR 5,000 will be turned into a term deposit having interest rate of 4.05%

Free Debit Card

No

UBI Savings Flexi Deposit Scheme (SBNFD)
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 Savings Flexi Deposit Scheme (SBNFD)

Special Features
Every day balance above INR 5,000 is deposited in term deposits.
Eligibility Criteria
Indian resident above 18.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free NEFT Transfer. Savings convert into term deposit.
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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