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Product Details
Bank Name
Union Bank of India
Account Name
UBI Savings Flexi Deposit Scheme (SBNFD)
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
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 Savings Flexi Deposit Scheme (SBNFD)
83.1
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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