Are you looking for a savings account that’s straightforward and hassle-free? Look no further! Uttar Bihar Gramin Bank (UBGB) offers a savings account designed to meet your needs without all the corporate jargon. Let’s break it down for you.
Table of Contents
Eligibility For Saving Account
- Individuals: Whether you’re opening an account on your own or jointly, UBGB has you covered.
- Government and Semi-Government Departments: We serve public and semi-government departments.
- Clubs, Trusts, and Societies: If you represent a club, trust, or society, UBGB is here to help.
- Educational Institutions: Schools and colleges can benefit from our services.
- Minors Above 10 Years: Minors aged 10 years and above can open an account with a guardian.
Account Type: Savings
- This account is primarily for personal savings, not for business purposes.
Interest Rate: 4.00%
- Your savings will earn interest at a competitive rate.
Online Banking (NEFT) Available
- Enjoy the convenience of online banking with our NEFT facility.
Nomination Facility Available
- For joint and individual accounts, you can nominate a beneficiary.
Overdraft Facility Not Available
- Please note that overdrafts are not permitted on this account.
Additional Benefits
- You’ll receive a Rupay debit card with an ATM facility.
- We provide passbooks for easy account management.
- Free insurance for up to Rs. 1,00,000/- with your ATM card.
- Access your account from any CBS branch.
- Standing instructions, check collection, and more.
Minimum Balance Penalty: Not Applicable
- There’s no penalty for not maintaining a minimum balance.
Application and Documents Required (For Account Opening)
- UBGB Account Application Form
- Signature
- PAN Card
- Form 60 or 61 (if you don’t have a PAN card)
- Proof of Residence
- Two Passport-size Photos
Special Note for Minor Savings Account
- Minors can open an account with a guardian.
- Guardians must be educated and aged 10 years or older to operate the account.
- KYC documents required.
At UBGB, we aim to make your banking experience simple and accessible. Our savings account is designed to cater to your needs with a friendly and straightforward approach. If you have any questions or need assistance, feel free to get in touch with our regional managers. They are here to help you make the most of your savings account with Uttar Bihar Gramin Bank.
