Union Muskaan (SBMUS)

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Union Muskaan (SBMUS)

Union Muskaan (SBMUS) is a savings account for minors, offering financial security, growth, and exclusive benefits. Start your child’s savings journey today!

  • cheque availibilty
  • penalty for nonmaintenance
Apply Now Terms & Conditions Apply

Details for Union Muskaan (SBMUS)

Union Muskaan (SBMUS) is a savings account designed for minors, ensuring financial security and growth from an early age. It offers attractive interest rates, easy deposits, and exclusive benefits to build a strong financial foundation. A perfect way to instill savings habits in young minds.

₹
Interest Rate

3.55%

₹
Withdrawal Limit

5000/-

₹
Transaction Limit

25000/-

Minimum Balance Required

  • 1000/-

Eligibility Criteria for Opening an Account

  • Minor of any age under parent’s/guardian’s supervision

Additional Benefits

  • Platinum debit card (Issued to Parent/gurdian)
  • 0.25% concession in ROI on education loan
  • Personalized cheques book of up to 20 leaves
  • Free term insurance of parent/guardian on first RD opened on the name of the minor
  • Nil debit card issue charges
  • Personal accident insurance covers up to Rs. 2 lakh (By bank)
  • Accidental death insurance cover of parent/guardian operating the account: Rs 2.00 lacs (by bank)
  • Free one DD/NEFT per month for fees payment

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