Union Samman SB Scheme For Pensioners

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Union Samman SB Scheme For Pensioners

Union Samman SB Scheme offers pensioners exclusive benefits, hassle-free banking, and added financial security. Enjoy seamless transactions and priority services!

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Details for Union Samman SB Scheme For Pensioners

Union Samman SB Scheme is a specially designed savings account for pensioners, ensuring hassle-free banking with exclusive privileges. Enjoy priority services, higher transaction limits, and seamless fund management, providing financial security and convenience for a stress-free retirement.

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Interest Rate

3.55%

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Withdrawal Limit

1,00,000/-

₹
Transaction Limit

3,00,000/-

Minimum Balance Required

  • Nil

Eligibility Criteria for Opening an Account

  • Individuals drawing regular pensions through Union Bank of India are eligible for UNION SAMMAN.
  • Pension must be routed through Union Bank of India.

Additional Benefits

  • Social Security - Enjoy the peace of mind that comes with free Personal Accident Insurance and Air Accident insurance coverage.
  • Health Security - Take advantage of a complimentary annual Health Check-up, ensuring your well-being is prioritized.
  • Ease of Banking - Access the convenience of free Door-step banking, saving you time and effort in your banking transactions.
  • Financial Benefits - Benefit from a concession in processing charges, reducing your financial burden.
  • Debit Card Privileges - Get a RuPay Platinum or RuPay Select Debit Card with nil issuance charges or annual maintenance fees, granting you secure and convenient access to your funds.
  • Unlimited ATM Transactions - Enjoy unlimited free ATM transactions at any Union Bank of India ATM and a specified number of free transactions at other bank ATMs.
  • Scheme Variants - Choose between UNION SAMMAN-I and UNION SAMMAN-II based on the net pension credited to your account.
  • Zero Quarterly Average Balance Requirement - Maintain a stress-free banking experience with no mandatory quarterly average balance.
  • Debit Card Options - Receive a RuPay Platinum or RuPay Select Debit Card based on the variant, offering you enhanced privileges and accessibility.
  • ATM Transaction Limits - Enjoy higher daily ATM cash withdrawal and POS limits, ensuring convenient access to your funds.
  • Joint Account Facility - Open a joint account with your spouse, providing flexibility and shared benefits.
  • Account Conversion - In the unfortunate event of the primary account holder's demise, the account may continue as a family pension account, with the variant adjusted based on the pension amount.
  • Concessional Charges - Avail benefits such as reduced locker rent, 100% concession on processing fees for Union Cash, and a 0.05% p.a. reduction in applicable ROI for the Union Cash Loan facility.

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