MUMBAI, GPN/ SACHIN MURDESHWAR– In alignment with the spirit of financial inclusion and customer centric banking, Union Bank of India now waives charges for non-maintenance of minimum balance in general savings accounts effective from Quarter ending September-2025.
This move is aimed at ensuring uniformity, fairness and enhance accessibility of basic banking services to customers. We are committed to supporting inclusive growth and believe this step will further strengthen our engagement with underserved segment of the population.
Hitherto, the charges for non-maintenance of minimum balance are already waived in PMJDY accounts, Savings accounts of pensioners and senior citizens.
However, the waiver is not applicable on other customized products of Savings Accounts.
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