Savings Account Image

Simple and
Straightforward
Banking

25-05-2022
Exchange Rate
GBP/INR 95.11 less than £250 96.46 £250 to £1999 96.56 £2000 to £5000 96.61 £5001 to £10000
USD/INR 76.89 Up to $2000
25-05-2022Exchange Rate
GBP/INR 95.11 less than £250
96.46 £250 to £1999 96.56 £2000 to £5000 96.61 £5001 to £10000
USD/INR 76.89 Up to $2000
Home>Personal Banking>Savings Account

Savings Account

Who can open Savings (Instant Access) Account:

 

  • Individual aged 18 years & above
  • Joint Individuals aged 18 years & above
  • Registered Trust in UK
  • Registered Charities in UK
  • No minimum balance requirement.
  • Interest is paid @0.30% P.A. calculated on daily basis and paid at end of the month.
  • The savings account can be serviced by branch banking (visit to the branch).
  • Free pay-in/GIRO slips will be provided.
  • Free Account statement once every month through e-mail
  • Free Internet Banking facility (View facility only)
  • Free cash deposit up to £1000.00 per quarter
  • Free set up of Standing Orders/Direct Debits
  • Deposits guaranteed under FSCS subject to eligibility norms.
Minimum Balance (Total Quarterly Average Balance)
Minimum Balance (Total Quarterly Average Balance)
No Minimum Balance requirement
Issue of GIRO/Pay-in books
Issue of GIRO/Pay-in books
Free
Issue of Monthly statement of account through e-mail
Issue of Monthly statement of account through e-mail
Free
Issue of Monthly statement of account through post
Issue of Monthly statement of account through post
£2.00/$2.00/€2.00 per statement
Issue of Half-yearly statement of account
Issue of Half-yearly statement of account
Free
Standing Order / Direct Debit setup and cancellation
Standing Order / Direct Debit setup and cancellation
Free
Cash Withdrawals
Up-to £1000.00/$1000.00/€1000.00
Cash Withdrawals
Up-to £1000.00/$1000.00/€1000.00
Free
Above £1000.00/$1000.00/€1000.00
Cash Withdrawals
Above £1000.00/$1000.00/€1000.00
£3.00/$3.00/€3.00 per thousand or part thereof, minimum £3.00
Internet Banking Services
Internet Banking Services
Free (View Facility Only)
Remittances to India
To accounts with Union Bank of India
Remittances to India
To accounts with Union Bank of India
Free
To accounts with other banks in India
Remittances to India
To accounts with other banks in India
£5.00/$7.00/€7.00
Account statement older than 12 months
Account statement older than 12 months
£10.00/$10.00/€10.00 per statement
Issue of Balance Certificate
Issue of Balance Certificate
£10.00/$10.00/€10.00 per certificate
Issue of Interest Certificate
Issue of Interest Certificate
Free
Issue of Duplicate Interest Certificate
Issue of Duplicate Interest Certificate
£5.00/$5.00/€5.00 per request
Certificate of confirmation of receipt of funds
Certificate of confirmation of receipt of funds
£10.00/$10.00/€10.00 per request
Cash Deposit for all currency (GBP/USD/EUR)
Cash Deposit for all currency (GBP/USD/EUR)
£2.00/$2.00/€2.00 per thousand or part of (Free up to £1000 per quarter)
Direct Debit Returned Unpaid
Direct Debit Returned Unpaid
£12.00 per return
Cheque Returned Unpaid
Cheque Returned Unpaid
£10.00/$10.00/€10.00 per return
Stop Payment
Stop Payment
£10.00/$10.00/€10.00 per cheque
Payment through CHAPS
Payment through CHAPS
£25.00 per payment
Payment through Faster Payment Services (FPS)
Payment through Faster Payment Services (FPS)
£2.00 per payment
International Payments through SWIFT (Charges are as per the payment currency)
Payment in GBP
International Payments through SWIFT (Charges are as per the payment currency)
Payment in GBP
£25.00 per payment
Payment in USD
International Payments through SWIFT (Charges are as per the payment currency)
Payment in USD
$50.00 per payment
Payment in EUR
International Payments through SWIFT (Charges are as per the payment currency)
Payment in EUR
€50.00 per payment
Transaction Charges
Transaction Charges
Free
Amendment / Cancellation / Recall of Payment Instructions
Amendment / Cancellation / Recall of Payment Instructions
£15.00/$30.00/€25.00 per instruction
Special Presentation of cheques
Special Presentation of cheques
£15.00/$15/€15 per presentation
Unarranged overdraft in the Account
Unarranged overdraft in the Account
Bank Rate+12.00% Per Annum (P.A.)

You may open Savings (Instant Access) Account with us either by visiting our branch in person or by sending dully filled and signed application forms with supporting documents to us.

 

Note: Online copies, mobile phone bills & credit card statement are not accepted.

 

To proceed for account opening, click here to download this form and submit it to below address:

 

Attn: AOF

Union Bank of India UK ltd

Senator House

85 Queen Victoria street

EC4V 4AB

 

For any assistance for opening of account, please contact us on +44(0)2073324250 or email us on info@unionbankofindiauk.co.uk

Documentation Required:

Group A: Proof of Identity (anyone):

  • Copy of the Valid passport with a minimum period of 6 months to expiry.
  • Copy of the current full UK photo driving license (with counterpart).

 

Group B: Proof of Address: (anyone):

  • Copy of recent (not older than 3 months) postal UK Bank account statement or UK Full driving license (If not used an ID proof) or postal copy of utility bill (telephone, gas, electricity, water, council tax, T.V License) with full name and address.
  • Additionally, bank may ask for proof of source of wealth/fund to its satisfaction.
  • If application is sent through post, we will require a minimum £100 cheque from the applicants UK bank account for initial funding purpose.
  • If application is submitted by in person visit to the Bank, we will require a minimum deposit of £100 post opening of the account from the applicants UK bank account for initial funding purpose.

 

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