City Union Bank Saving Account Eligibility

Eligibility to Open City Union Bank Savings Account: Banks offer various types of accounts to the customers such as Savings Account, Current Account, Fixed Deposit Account, Recurring Deposit Account, etc. Each type of account has different eligibility criteria. Savings Bank Accounts are intended to inculcate the saving habit among people. Savings Bank Accounts can be opened by an eligible individual in single name or jointly with others.

Any person/ entity meeting the eligibility criteria laid down by the respective bank may open a Savings Bank account upon agreeing to comply with the rules and procedures prescribed by that bank. The applicant is also required to comply with the Know Your Customer (KYC) guidelines which are mandatory in order to prevent misuse of the banking system for criminal purposes, money laundering or any other fraudulent activities.

Eligibility to open a Savings Account in City Union Bank

  1. A person who is a resident Indian, non-resident Indian (NRI), Hindu Undivided Family (HUF) or foreign national can open a savings bank account.
  2. In case of Hindu Undivided Family (HUF), Declaration from the Karta is required
  3. Minors can also open a savings account which will be a Minor Account. Except minor account holders, all the other persons who want to open an account must be over 18 years of age.
  4. There is a requirement of guardian in case of savings accounts opened by a minor
  5. Cheque or Cash towards Minimum Deposit Amount
  6. The applicant is required to submit Proof of Address (POA) and Proof of Identity (POI) in his/ her own name under Know Your Customer (KYC) requirement.
  7. A self attested copy of Permanent Account Number (PAN) is also required under Know Your Customer (KYC) requirement.
  8. Salary accounts can only be opened for salaried persons and not for others
  9. Sometimes the bank may insist upon producing a guarantor or introducer for opening the account.

Specific Points regarding Eligibility Criteria for a Savings Account in City Union Bank

  • Non-Individual Entities like Firms, Companies, Trusts, Association, etc. are not eligible to open Savings Accounts in India.
  • Furnishing KYC documents is mandatory in order to open a Savings Account in India.
  • Minors & Senior Citizens need to produce a proof of their age before opening a Savings Account.

Check Eligibility to Open Saving Account in other Banks

Allahabad BankAllahabad Up Gramin Bank
Andhra BankAndhra Pradesh Grameena Vikas Bank
Andhra Pragathi Grameena BankArunachal Pradesh Rural Bank
Aryavart BankAssam Gramin Vikash Bank
Au Small Finance Bank LimitedAxis Bank
Bandhan Bank LimitedBangiya Gramin Vikash Bank
Bank Of BarodaBank Of India
Bank Of MaharashtraBaroda Gujarat Gramin Bank
Baroda Rajasthan Kshetriya Gramin BankBaroda U.p. Bank
Baroda Up Gramin BankBharatiya Mahila Bank Limited
Bihar Gramin BankCanara Bank
Capital Small Finance Bank LimitedCatholic Syrian Bank Limited
Central Bank Of IndiaCentral Madhya Pradesh Gramin Bank
Chaitanya Godavari Grameena BankChhattisgarh Rajya Gramin Bank
City Union Bank LimitedCorporation Bank
Dakshin Bihar Gramin BankDcb Bank Limited
Dena BankDena Gujarat Gramin Bank
Dhanalakshmi BankEllaquai Dehati Bank
Equitas Small Finance Bank LimitedEsaf Small Finance Bank Limited
Export Import Bank Of IndiaFederal Bank
Fincare Small Finance Bank LtdGramin Bank Of Aryavart
Hdfc BankHimachal Pradesh Gramin Bank
Icici Bank LimitedIdbi Bank
Idfc First BankIndian Bank
Indian Overseas BankIndusind Bank
Jammu And Kashmir Bank LimitedJammu And Kashmir Grameen Bank
Jharkhand Gramin BankJharkhand Rajya Gramin Bank
Karnataka Bank LimitedKarnataka Gramin Bank
Karnataka Vikas Grameena BankKarur Vysya Bank
Kashi Gomti Samyut Gramin BankKaveri Grameena Bank
Kerala Gramin BankKotak Mahindra Bank Limited
Langpi Dehangi Rural BankLaxmi Vilas Bank
Madhya Bihar Gramin BankMadhya Pradesh Grameen Bank
Madhyanchal Gramin BankMaharashtra Gramin Bank
Malwa Gramin BankManipur Rural Bank
Meghalaya Rural BankMizoram Rural Bank
Nagaland Rural BankNarmada Jhabua Gramin Bank
North East Small Finance Bank LimitedOdisha Gramya Bank
Oriental Bank Of CommercePallavan Grama Bank
Pandyan Grama BankPaschim Banga Gramin Bank
Pragathi Krishna Gramin BankPrathama Bank
Prathama U.p. Gramin BankPuduvai Bharathiar Grama Bank
Punjab And Sind BankPunjab Gramin Bank
Punjab National BankPurvanchal Gramin Bank
Rajasthan Marudhara Gramin BankSaptagiri Grameena Bank
Sarva Haryana Gramin BankSarva Up Gramin Bank
Saurashtra Gramin BankSouth Indian Bank
State Bank Of Bikaner And JaipurState Bank Of Hyderabad
State Bank Of IndiaState Bank Of Mysore
State Bank Of PatialaState Bank Of Travancore
Suryoday Small Finance BankSutlej Kshetriya Gramin Bank
Syndicate BankTamil Nadu Grama Bank
Tamilnad Mercantile Bank LimitedTelangana Grameena Bank
The Nainital Bank LimitedTripura Gramin Bank
Uco BankUjjivan Small Finance Bank Limited
Union Bank Of IndiaUnited Bank Of India
Utkal Grameen BankUtkarsh Small Finance Bank
Uttar Banga Kshetriya Gramin BankUttar Bihar Gramin Bank
Uttarakhand Gramin BankVananchal Gramin Bank
Vidharbha Konkan Gramin BankVijaya Bank
Yes BankZila Sahakari Bank Ltd