Skip to content
bankingreference.infoIndependent banking product research for India
Compare
Browse
Explore the researchBanking systems, decision tools and evidence standards.
Product finder
Opens in a new tab.
Union Bank of IndiaSavings account

Union Bank of India Union Muskaan (SBMUS)

Union Bank's dedicated minor savings product with a ₹1,000 minimum QAB, a Platinum debit card issued to the parent/guardian and separate child-account transaction limits.

First-party evidencePublished researchReviewed September 9, 2026Active
Open primary bank source ↗Bank dossierCompare alternatives
Balance / relationship₹1,000 minimum QAB for the core account. A separate ₹5,000 AQB condition applies only to the stated term-insurance-on-RD benefit, not as the base account balance requirement.
Cost / chargesMinimum QAB ₹1,000; current FAQ states ₹50 + GST non-maintenance charge. The account's separate term-insurance benefit requires AQB not to fall below ₹5,000 during the relevant RD tenure.
Limits / allowancesCurrent Muskaan FAQ lists ₹5,000 daily ATM cash withdrawal and ₹25,000 daily POS limit on the linked guardian-issued Platinum card proposition.
Ongoing relationship ruleThe bank explicitly states a Platinum card is issued to the parent/guardian; it does not identify a sufficiently exact network/card variant for a named relationship endpoint.
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.

1 first-party source
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 / relationship₹1,000 minimum QAB for the core account. A separate ₹5,000 AQB condition applies only to the stated term-insurance-on-RD benefit, not as the base account balance requirement.
02 · Cost / chargesMinimum QAB ₹1,000; current FAQ states ₹50 + GST non-maintenance charge. The account's separate term-insurance benefit requires AQB not to fall below ₹5,000 during the relevant RD tenure.
03 · Limits / allowancesCurrent Muskaan FAQ lists ₹5,000 daily ATM cash withdrawal and ₹25,000 daily POS limit on the linked guardian-issued Platinum card proposition.
04 · Ongoing relationship ruleThe bank explicitly states a Platinum card is issued to the parent/guardian; it does not identify a sufficiently exact network/card variant for a named relationship endpoint.
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 / chargesMinimum QAB ₹1,000; current FAQ states ₹50 + GST non-maintenance charge. The account's separate term-insurance benefit requires AQB not to fall below ₹5,000 during the relevant RD tenure.
Balance / relationship₹1,000 minimum QAB for the core account. A separate ₹5,000 AQB condition applies only to the stated term-insurance-on-RD benefit, not as the base account balance requirement.
Core benefitsPlatinum debit card issued to parent/guardian, up to 20 personalized cheque leaves, 0.25% education-loan rate concession under current terms and linked savings/investment options.
Limits / allowancesCurrent Muskaan FAQ lists ₹5,000 daily ATM cash withdrawal and ₹25,000 daily POS limit on the linked guardian-issued Platinum card proposition.
EligibilityA dedicated Union Bank savings product for minors under the bank's current Muskaan account-opening and guardian rules.
Ongoing relationship ruleThe bank explicitly states a Platinum card is issued to the parent/guardian; it does not identify a sufficiently exact network/card variant for a named relationship endpoint.
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

Families comfortable with a modest QAB who prefer guardian-held debit-card control and education/investment-linked benefits.

Verify before relying
  • The card is issued to the parent/guardian rather than presented as a self-operated child card.
  • The ₹5,000 AQB condition belongs to the term-insurance benefit, while the core minimum QAB is ₹1,000.
  • Because Union Bank does not identify the precise Platinum network/variant on this page, the graph intentionally does not invent a named card edge.
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.

Browse banking comparisons
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 ↗
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.