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Old 22nd May 2020, 10:39 AM
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Default Cash Deposit Charges In Union Bank Of India

I need to know more about Classic Current Account along with charges for cash deposit fixed by Union Bank of India?
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Old 22nd May 2020, 12:39 PM
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Join Date: May 2012
Default Re: Cash Deposit Charges In Union Bank Of India

Don’t worry! I will let you know details of Union Bank of India, Classic Current Account and will also let you know charges for depositing cash.

Average Monthly Balance (AMB) :-
For Scheduled Commercial Banks :- Rs. 100 Lacs

For RRBs and Co-operative Banks :- Rs. 50 Lacs

Cash deposit facilities through this bank account with charges
Cash will be deposited only in the branch, where the account is maintained, or at the Cash Chest to which the branch is linked

No intersol cash remittances, other than to the Cash Chest, will be allowed, under UCCA-B. Cash, duly sorted and made into packets, is required to be deposited by the concerned Bank,as per RBI guidelines.

Cash deposited should not be below denomination of Rs.100/-

No charges will be levied for deposit of cash upto the following limits per day :-
Scheduled Commercial Banks: Rs 100 lacs per day
RRBs/Cooperative Banks : Rs 50 lacs per day

Charges, as applicable to ordinary Current Accounts, will be levied for operations over & above the free limits prescribed and also if prescribed AMB is not maintained

Cash withdrawal:
For cash withdrawal of above Rs 10.00 lacs, in Semi-Urban and Rural centres, at least 1 day prior intimation is required.

Cheque Leaves :
One multicity cheque book of 100 leaves, per month, will be allowed free of charge


Address:-
Union Bank of India
Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400 021, Maharashtra, India

Phone:-
022-22892000
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