Compare Union Bank of India Savings Bank Account for Students (SBZER) and PNB GROW Saving Scheme using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.
Compare the two source-backed records without collapsing unlike conditions into a winner score.
Students who want a public-sector zero-balance account with explicit age/course eligibility and a defined age-25 conversion point.
PNB families wanting a zero-MAB minor account with explicit child card limits and a documented transition to independent operation above age 10.
bankingreference.info · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/union-bank-sbzer-student-savings-account-vs-pnb-grow-minor-savings-account/
General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.
Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.
Source review: September 9, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
Source review: September 9, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
The stored field wording is preserved. Product-type-specific evidence follows this generic comparison where deeper structured research exists.
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| Decision factor | Union Bank of India Savings Bank Account for Students (SBZER) | PNB GROW Saving Scheme |
|---|---|---|
| Cost / charges | No 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. | Minimum Average Balance is zero. PNB's GROW leaflet states free issuance of the Master Grow Platinum Debit Card; annual maintenance is waived when yearly average balance of ₹5,000 is maintained, otherwise current AMC rules apply. |
| Balance / relationship | No minimum balance requirement while the customer remains eligible for SBZER. | Zero Minimum Average Balance under the current PNB GROW leaflet; the guardian must hold a PNB Savings Account for guardian-operated opening. |
| Core benefits | Debit-card access with ₹2 lakh personal accidental death cover under current terms, internet/mobile banking, cheque access and nil NEFT charges. | Master Grow Platinum Debit Card, free 25 cheque leaves per year, nil SMS alert charges and unlimited-free online RTGS/NEFT under the reviewed leaflet, plus scheme rewards/offers subject to change. |
| Limits / allowances | Union Bank currently publishes ₹25,000 daily ATM cash-withdrawal limit and ₹50,000 daily POS limit for the student proposition. | Master Grow Platinum: ₹10,000 daily ATM withdrawal, ₹10,000 combined POS/e-commerce and ₹5,000 contactless daily limit under the current GROW leaflet. |
| Eligibility | Students 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. | Minor of any age through natural/legal guardian; guardian must hold PNB Savings Account. Minors above 10 can open and operate independently on satisfactory proof of age under current terms. |
| Ongoing relationship rule | Student-status relationship. Union Bank's published conversion notice states SBZER converts to normal savings after age 25, when ordinary savings-account terms apply. | PNB explicitly names the Master Grow Platinum Debit Card and its child limits for the GROW scheme. |
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Reviewed September 9, 2026 · 2 attached first-party sources
Reviewed September 9, 2026 · 2 attached first-party sources