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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
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
UBI Muskaan Savings Account
75.7
Special Features
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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