Union Bank of India has different types of accounts for different users. Whether it’s a salary account or it’s a normal savings account, the Union Bank has it all.
One of the important bank accounts which can be used by minors below the age of 18 is Savings Bank Account for Students (SBZER).
Grooming a child into managing his/her finances is an essential element of parenting and you can use a savings bank account to do that.
Exposing minors early on to the banking system can be very beneficial for developing a saving culture.
You can open the Union Bank of India Minor Account easily for your child. This article will guide you in opening a Minor Account in Union Bank of India, documents required, the opening process, etc.
How to Open a Minor Account in Union Bank of India?
You can use the following step by step instructions to open a Minor account in Union Bank of India-
- Visit the Union Bank of India Bank premises and ask the bank official for a minor account opening form
- Now, fill the form with details like name, address, father’s name, mother’s name, etc.
- After filling out the form attach all the documents mentioned below and submit all to the bank’s official
- After submitting, the bank representative will review your request and further forwards it to processing
- After successful processing, you’ll be notified about the account opening status via SMS
- After receiving the SMS, you’ll also be provided with a bank starter’s kit within 5-7 days which will contain a Debit card, Union Bank Mobile Banking, and Union Bank Net banking Activation credentials
Documents Required for Opening Minor Account in Union Bank of India
The following are the documents required for Opening a Minor account in Union Bank of India-
- Duly filled Union Bank of India application form for opening Minor Account
- Declaration / Authorization from the Parent
- 2 Passport size Photo
- Address Proof-Electricity bill, PAN Card, Aadhaar Card, etc.
- Identity Certificate-Aadhaar card, Birth certificate, Voter ID, etc.
- Copy of Student ID Card or Letter from the respective Educational Institution
FAQs
If the account of the minor attains maturity i.e. if the minor account holder reaches the age of 18 years then the account will automatically become idle and the user can either close the account and collect the balance amount or can simply convert the account to a normal savings account.
Yes, the Union Bank of India Minor Account comes with a debit card which you can use to access your bank account.
You can use the same methods for checking the Union Bank of India Bank balance as you would do for a normal account i.e. Missed call number, net banking, mobile banking, using ATM, etc.
