City Union Bank Savings Account

Last Updated : Feb. 12, 2025, 12:48 p.m.

The City Union Bank was established in 1904 under the name The Kumbakonam Bank Limited. Initially, City Union Bank was established as a regional bank. In 1965, two banks merged to form the City Union Bank. The Union Bank Limited and The City Forward Bank Limited merged to form the City Union Bank. In this article, we delve deeper into the types of savings accounts offered by City Union Bank.

City Union Bank Savings Account Interest Rates May 2026

Below are the savings account interest rates offered by City Union Bank:

Types of City Union Bank Savings Account

CUB General Savings Account: This savings account can be opened by resident individuals above 18 years of age, HUF or a minor. It can be operated by a single holder or joint holder.

• CUB enables the linking of AADHAAR to the savings account .
• Subsidies provided by the government are credited directly.
• CUB Net Banking, Mobile Banking, Cheque Book, International Debit / ATM Card.
• Electronic Fund Transfer across CUB Accounts / NEFT / RTGS / IMPS , SMS alerts and e-statement facility.
• Free cash remittance across CUB branches.
• Nomination facility is available.

CUB Basic Savings Account for Individuals: This account can be opened by resident individuals above 18 years of age.

• The deposit of cash at bank branches as well as ATMs/CDMs.
• Receipt/ credit of money through any electronic channel.
• No limit on the monthly number and value of deposits.
• Four withdrawals in a month, including ATM withdrawals.
• No Cheque book facility.
• ATM-cum-Debit card will be issued.
• Free passbook facility.

CUB Savings Accounts for Children: This is a savings account for a minor from day 1 to 18 years of age. This account can be supervised and operated by the parents or guardians of the minor.

• Deposit and withdrawal of cash at branches as well as ATMs of CUB.
• ATM / Debit Card for 12 years and above.
• SMS alerts and e-statement facility.
• Remittance of school/college fees is free.
• Electronic Fund Transfer across accounts / RTGS / NEFT for CUB accounts.
• A nomination facility is available.

CUB Savings Account for Students: This account can be opened by a resident Indian between 18 to 25 years of age.

• Deposit and withdrawal of cash at branches as well as ATMs of CUB.
• FREE International ATM / Debit Card,
• CUB Net Banking, CUB Mobile All in One App, SMS alerts and E-Statement facility.
• Remittance of college fees is free.
• Electronic Fund Transfer across Bank Accounts / RTGS / NEFT .
• A nomination facility is available.

CUB PMJDY Savings Account: A resident individual above the age of 18 can open this account.

• This is a zero-balance account .
• Nomination is mandatory.
• Accident Insurance cover of Rs. 1 lakh.
• Rupay debit card provided.
• Only a single mode of operation.

City Union Bank Savings Account Benefits

City Union Bank provides many benefits such as:

• Internet banking
• Competitive interest rates
• ATM cards
• Government subsidies are directly credited to the account.

Documents Required for City Union Bank Savings Account

The KYC documents such as verified identity and residence proof are required for opening a savings account. These documents are mandatory to open a bank account. Some of the documents are -

Proof of Identity:

• Aadhar Card
• PAN Card
• Voter ID
• Passport
• Company ID Card in case of some companies.

Proof of Residence:

• Telephone Bill
• Electricity Bill
• Passport
• Ration Card
• ITR returns

What is the Minimum Balance for the City Union Bank Savings Account?

Where a debit card is not provided to the account holder:

City Union Bank Savings Account Charges & Fee

The charges for account holders with and without a debit card are given below.

Where a debit card has been issued to an account holder:

Maintenance charges per month in non-debit card accounts without a chequebook

How to open a Savings Account in City Union Bank?

To open a savings account in City Union Bank online, you can follow the steps below -

Online:

Step 1: Go to the bank website and select the tab open bank accounts.

Step 2: Click open a new account and select Savings account.

Step 3: Fill in the application form and save the acknowledgement to carry to your visit to the branch.

Step 4: Once your application is verified, the account is opened.

Offline:

Step 1: Carry all the mandatory documents required for opening a savings account.

Step 2: All KYC-compliant procedures will be done by the bank officials.

Step 3: Re-KYC is also done by the bank to ensure the documents are updated

Step 4: After all the verification is done, the account is opened by the bank.