City Union Bank Zero Balance Savings Account

Last Updated : March 26, 2025, 12:51 p.m.

City Union Bank Limited (CUB) is an Indian private-sector bank headquartered in Kumbakonam, Tamil Nadu. Established on October 31, 1904, as Kumbakonam Bank Limited, it initially focused on serving the Thanjavur district regionally.

It caters to various customer segments, such as individuals, small businesses, and corporates, with a strong presence in urban, semi-urban, and rural areas, particularly in South India.

In this article, we will focus on the savings account products it offers. The zero balance savings accounts provided by the bank prove the customer centric approach of the bank. Let us know more about these zero balance savings accounts, their features and benefits and other details.

Types of CUB Zero-Balance Savings Accounts

• CUB Salary Plus
• CUB Salary Prime
• CUB Basic Savings Account for Individuals
• CUB Pradhan Mantri Jan-Dhan Yojana (PMJDY) Savings Account India

Features & Benefits of CUB Zero Balance Savings Account

CUB Salary Plus

RuPay Platinum Debit Card:

• Comes with a host of offers and benefits, including:
  • Personal Accident Insurance Cover.
  • Access to airport lounges (national and international).
  • Exclusive merchant offers (e.g., discounts on Swiggy and Amazon Pay throughout the year).

Free Transactions:

• Unlimited free ATM transactions at CUB ATMs.
• Free NEFT/RTGS/UPI transfers ensure seamless fund movement.

Digital Banking:

• Access to the CUB All-in-One Mobile Banking App and CUB Net Banking for easy management of finances, bill payments, and transfers.

Additional Perks:

• Free chequebook and e-statement facility with SMS alerts.
• Eligibility for a Dhi CUB VISA Signature Credit Card after six months (for qualifying customers), with no joining or annual fees.

Employer Benefits:

• Simplifies salary disbursements for organizations, offering a streamlined process for employers to manage payroll.

CUB Salary Prime

RuPay Debit Select Card:

• Offers premium benefits, including:
  • Personal Accident Insurance Cover.
  • National and international airport lounge access.
  • Lifestyle privileges and exclusive merchant offers (e.g., discounts on Swiggy, Amazon Pay, and other platforms throughout the year).

Free Transactions:

• Unlimited free ATM withdrawals at CUB ATMs.
• Free NEFT/RTGS/UPI transfers for seamless digital banking.

Digital Banking:

• Access to the CUB All-in-One Mobile Banking App and CUB Net Banking for managing accounts, payments, and transfers.

Additional Financial Benefits:

• Free Demat Account and an integrated trading platform for investment opportunities.
• Free chequebook, SMS alerts, and e-statement facility.
• Eligibility for a Dhi CUB VISA Signature Credit Card after six months (for qualifying customers), with no joining or annual fees.

Unique Lifestyle Perks:

• Subscription to a leading OTT platform for just ₹1.
• Discounted rates on health check-ups, spa sessions, and golf training access.

Employer Advantage:

• Simplifies payroll management with efficient salary disbursement options for organizations.

CUB Pradhan Mantri Jan-Dhan Yojana (PMJDY) Savings Account India

This is one of the top zero balance savings account .

RuPay Debit Card:

• Account holders receive a free RuPay Debit Card, which includes:
  • Accidental Insurance Cover: ₹2 lakh for accounts opened after August 28, 2018 (₹1 lakh for earlier accounts), provided the card is used at least once every 90 days.
  • Accepted at all ATMs and most Point of Sale (POS) terminals in India.

No Charges for Basic Services:

• Free account opening, cash deposits, and withdrawals through CUB branches or Business Correspondent (Bank Mitra) outlets.
• Four free withdrawals per month (including ATM transactions).

Interest on Deposits:

• Interest is credited on the savings balance as per CUB’s prevailing savings account interest rate.

Overdraft Facility:

• After 6 months of satisfactory account operation, eligible account holders (one per household, preferably the female member) can avail an overdraft of up to ₹10,000, subject to bank terms.

Insurance and Pension Access:

• Links to schemes like:
  • Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) : Life insurance of ₹2 lakh for a small premium.
  • Pradhan Mantri Suraksha Bima Yojana (PMSBY) : Accident insurance of ₹2 lakh.
  • Atal Pension Yojana (APY) : Pension benefits for the unorganized sector.
• Life cover of ₹30,000 for accounts opened between August 15, 2014, and January 31, 2015, subject to eligibility.

Direct Benefit Transfer (DBT):

• Enables direct receipt of government subsidies and welfare scheme payments (e.g., MGNREGA, LPG subsidies).

Digital Banking:

• Access to CUB’s net banking and mobile banking services via the CUB All-in-One Mobile Banking App.
• CUB also offers CUB Balance check enquiry

Eligibility For a CUB Zero Balance Savings Account

Residency:

• The applicant must be a resident individual of India. Non-residents are not eligible for this specific account type but may explore NRE/NRO options separately.

Age:

• Any individual above the age of 18 years can open this account independently.
• For minors (below 18 years), the account can be opened and operated by a parent or legal guardian.

Account Ownership:

• The account can be opened as a single account or jointly with another eligible individual.
• Hindu Undivided Families (HUFs) may also be eligible, depending on specific bank policies.

No Existing BSBDA:

• The applicant must not already hold a Basic Savings Bank Deposit Account with CUB or any other bank. If they do, they must close the existing BSBDA before opening a new one with CUB, as per RBI guidelines.

Documents Required for CUB Zero Balance Savings Account

Aadhaar Advantage: If you provide an Aadhaar Card with your current address, it can serve as both identity and address proof, simplifying the process.

Self-Attestation: Copies of documents must be self-attested (signed by the applicant), and originals must be presented for verification at the branch.

Full KYC Compliance: While the account can be opened with basic documents, full KYC must be completed within 12 months to avoid restrictions on usage.

For Minors:

• Birth certificate or any valid age proof (e.g., school certificate).
• KYC documents of the parent or legal guardian who will operate the account.

How to open a CUB Zero Balance Savings Account?

1. Visit the CUB Website:
   • Go to the official City Union Bank website.
2. Navigate to Account Opening:
   • Under the “Personal Banking” or “Savings Account” section, look for the option to open a savings account. Select “Basic Savings Bank Deposit Account” or “Zero Balance Account” (terminology may vary slightly).
3. Fill out the Online Application Form:
   • Provide personal details such as:
     • Full name
     • Date of birth
     • Gender
     • Mobile number
     • Email ID
     • Address
     • Nominee details (optional)
   • Specify that you want a zero-balance account (BSBDA).
4. Upload KYC Documents:
   • Scan and upload the required documents:
     • Identity Proof (e.g., Aadhaar Card, PAN Card, Voter ID, Passport).
     • Address Proof (e.g., Aadhaar Card, utility bill, ration card).
     • Two recent passport-sized photographs (digital upload).
   • Ensure the files are clear and in an acceptable format (e.g., PDF, JPG).
5. Verify Details:
   • Review your application and submit it. You’ll receive an acknowledgment via SMS or email with a reference number.
6. Video KYC or Branch Verification:
   • Depending on CUB’s process, you may need to complete a Video KYC:
     • Schedule a video call with a bank official via a link sent to your registered mobile/email.
     • Show your original ID proof during the call for verification.
   • Alternatively, you may be asked to visit a nearby branch with originals for in-person verification.
7. Account Activation:
   • Once verified, you’ll receive your account number, customer ID, and details to activate net banking/mobile banking. A debit card (if included) will be mailed to your registered address.

Option 2: Offline Process (At a Branch)

1. Locate a CUB Branch:
   • Find the nearest City Union Bank branch using the branch locator on their website or by calling their customer care (044-71225000).
2. Collect the Application Form:
   • Visit the branch and request the application form for a Basic Savings Bank Deposit Account (BSBDA) or a zero-balance savings account.
3. Fill Out the Form:
   • Provide details such as:
     • Full name
     • Address
     • Contact number
     • Occupation
     • Nominee details (optional)
   • Mention that you want a zero-balance account.
4. Submit KYC Documents:
   • Provide the following:
     • Identity Proof: Aadhaar Card, PAN Card, Voter ID, Passport, etc.
     • Address Proof: Aadhaar Card, utility bill, ration card, etc.
     • Photographs: Two recent passport-sized photos.
   • Submit self-attested photocopies and show originals for verification (originals will be returned after checking).
5. Verification:
   • The bank staff will verify your documents and process your application. This may take a few minutes to a day, depending on the branch.
6. Account Activation:
   • Upon approval, you’ll receive your account number, passbook (if requested), and a debit card (if part of the account features). You’ll also get instructions to activate net/mobile banking.

Maximum Limit for CUB Zero Balance Savings Account

• Unlimited Deposits and Withdrawals: You can make unlimited deposits and withdrawals.

UPI Transaction Limit for CUB Zero Balance Savings Account

Daily Limit:

• The maximum amount you can transfer using UPI in a 24-hour period is ₹1 lakh.

What is the Withdrawal Limit Per Day for CUB Zero Balance Savings Account?

Daily ATM Withdrawal Limit:
The daily ATM withdrawal limit for CUB Zero Balance Savings Accounts is Rs. 25,000.

Other Limits:
The daily ATM point-of-sale (POS) limit is also Rs. 25,000.

Debit Card Limits:
City Union Bank debit card allows cash withdrawals up to Rs. 25,000 per day from ATMs. This is the daily transaction limit for both financial and non-financial transactions together.