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Union Bank of IndiaSavings account

Union Bank of India Savings Bank Account for Students (SBZER)

Union Bank's zero-minimum-balance student savings scheme for regular-course students above 10 and up to 25, with parent/guardian operation below 10 and published debit-card transaction limits.

First-party evidencePublished researchReviewed September 9, 2026Active
Open primary bank source ↗Bank dossierCompare alternatives
Balance / relationshipNo minimum balance requirement while the customer remains eligible for SBZER.
Cost / chargesNo minimum balance requirement under the current SBZER product page; nil NEFT charges are highlighted. Other service/card charges remain subject to the bank's current schedule.
Limits / allowancesUnion Bank currently publishes ₹25,000 daily ATM cash-withdrawal limit and ₹50,000 daily POS limit for the student proposition.
Ongoing relationship ruleStudent-status relationship. Union Bank's published conversion notice states SBZER converts to normal savings after age 25, when ordinary savings-account terms apply.
Research processPublished by bankingreference.info

Structured from first-party bank/issuer evidence. This page does not claim personal hands-on product use unless that experience is explicitly stated.

2 first-party sources
Last checkedSeptember 9, 2026

Recorded source review date, not a claim that the product changed that day.

Maintenance stateWithin scheduled review window

Target recheck: January 7, 2027.

Critical decision facts

Start with the ongoing account relationship, then price the access layer.

Balance or salary conditions, charges, allowances and downgrade rules can matter more than a promotional benefit.

01 · Balance / relationshipNo minimum balance requirement while the customer remains eligible for SBZER.
02 · Cost / chargesNo minimum balance requirement under the current SBZER product page; nil NEFT charges are highlighted. Other service/card charges remain subject to the bank's current schedule.
03 · Limits / allowancesUnion Bank currently publishes ₹25,000 daily ATM cash-withdrawal limit and ₹50,000 daily POS limit for the student proposition.
04 · Ongoing relationship ruleStudent-status relationship. Union Bank's published conversion notice states SBZER converts to normal savings after age 25, when ordinary savings-account terms apply.
Maintained terms

Fees, balances, benefits, limits and eligibility without a single-score shortcut.

These six fields are the cross-product layer. The specialist section above controls whenever a type-specific field is more precise.

Cost / chargesNo minimum balance requirement under the current SBZER product page; nil NEFT charges are highlighted. Other service/card charges remain subject to the bank's current schedule.
Balance / relationshipNo minimum balance requirement while the customer remains eligible for SBZER.
Core benefitsDebit-card access with ₹2 lakh personal accidental death cover under current terms, internet/mobile banking, cheque access and nil NEFT charges.
Limits / allowancesUnion Bank currently publishes ₹25,000 daily ATM cash-withdrawal limit and ₹50,000 daily POS limit for the student proposition.
EligibilityStudents above 10 and up to 25 years pursuing regular courses. Accounts of student minors below 10 are operated by parent/guardian under current product FAQs.
Ongoing relationship ruleStudent-status relationship. Union Bank's published conversion notice states SBZER converts to normal savings after age 25, when ordinary savings-account terms apply.
Fit & cautions

Who this record appears designed for—and what can break the fit.

Best-fit wording summarizes the published proposition. It is not individualized financial advice or an approval prediction.

Potential fit

Students who want a public-sector zero-balance account with explicit age/course eligibility and a defined age-25 conversion point.

Verify before relying
  • Age 25 is a scheme boundary, not a permanent zero-balance promise; post-conversion normal savings terms can change account economics.
  • The current page advertises a debit card but does not identify one exact card variant, so no named-card relationship edge is created.
  • Accident-insurance eligibility remains subject to debit-card/programme conditions.
Maintained comparisons

Compare this product only where the pair is deliberately maintained.

Both sides keep independent review dates, exact conditions and first-party evidence. No winner score is generated.

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First-party source ledger

Complete evidence set for this maintained profile.

Each source remains independent. A product page, tariff, KFS/MITC, rate schedule or programme document is not silently treated as interchangeable evidence.

01
Primary product / service sourcewww.unionbankofindia.bank.in
Open source ↗02
Additional first-party evidencewww.unionbankofindia.bank.in
Open source ↗
Current-use rule

When the bank changes a term after the recorded review, the current agreement, tariff, KFS/MITC or effective rate table controls.

Research boundary

This page organizes dated public evidence; it does not guarantee eligibility, availability, approval, service quality or future pricing.