Union Bank new scheme for Women, Apply and get Free Insurance up to Rs.50 lac

Union Bank of India – one of the largest public sector banks in India, is providing free insurance and various other benefits to Women. Union Bank of India has launched a special savings account scheme for women – Union Samriddhi. Here’s everything you need to know about this newly launched scheme:

What is ‘Union Samriddhi’?

The ‘Union Samriddhi’ account is a savings account designed to help women easily save and grow their money. Women can easily deposit their money in bank and earn interest. This scheme provides various benefits as follows:

Union Samriddhi Scheme Benefits

SchemeUnion Samriddhi
Quarterly Average Balance (QAB)Rs 15,000/-
Joint AccountAvailable (only with women joint holders)
Type of Debit cardRupay Platinum
Debit Card chargeNIL issue charges
ATM Access at own ATMUnlimited free
ATM Access at other Bank ATM3 transactions (financial + non-financial) per month at Metro or 5 transactions (financial + non-financial) per month at other centers are Free
ATM Cash Withdrawal LimitRs 75,000/-
ATM POS LimitRs 1,50,000/-
Free Cancer Care Insurance CoverageSum assured of Rs 5 lakhs on detection of Breast, Ovarian or Cervical cancer (Insurance coverage start date :01-08-2023)
Free Personal Accident cover with accountRs 5 Lakhs (Death)
Free Personal Accident Insurance (Death) with debit card*Rs 2 Lakhs (by Bank), Rs 2 Lakhs (additional by NPCI for RuPay Platinum Card)
Free Air Accident Insurance with debit cardRs 50 Lakhs
Locker Rent50% concession in 1st year locker rent
SMS ChargesUnlimited Free
NEFT/ RTGS/ IMPSUnlimited Free
Personalized Cheque LeavesFREE up to 20 leaves a year.
Demand DraftAs per applicable charges
Free Internet bankingAvailable
Free Mobile BankingAvailable
Penalty on Non-Maintenance of QABRs 100 + GST
Once the account balance goes below the stipulated balance, the scheme and its benefits shall be withdrawn.

Eligibility

Who Can Open the Account? Any woman who is 18 years or older can open a ‘Union Samriddhi’ account. Union Samriddhi savings account can be opened with only female joint holders and not with male joint holders.

Account Features and Charges

In order to avail the benefits of this scheme, women just need to open savings account with Union Bank of India. Women can visit Bank branch and open account under scheme ‘Union Samriddhi’ and get all the benefits. Union Bank also provides facility to open accounts online. Following documents are required for online account opening:

Click here for Union Bank online account opening. It is a very simple and easy process to open account. In case of any query, you can visit Bank branch or contact Union Bank All-India Toll Free number : 1800 208 2244 / 1800 425 1515 /1800 425 3555.

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