Union Bank allows students, individuals, and minors to open an online bank account. International students studying abroad must consider this as the first thing to do to sort out their finances. Union Bank of India’s General Savings Bank Account (SBGEN) and Savings Bank for Students (SBZER) are the solutions.
They also have banking relationships with more than 1100 international banks over 90+ countries, including international NOSTRO and VOSTRO accounts. Continue reading this blog to find out more about Union Bank’s online account opening for international students.
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Overview of Union Bank Online Account Opening
Union Bank of India lets you open a student bank account online. This saves you time and avoids long lines at the bank. The account opening process is super easy, allowing you to open a bank account anywhere, anytime. They have a special bank account called the Savings Bank Account for Students (SBZER), perfect for managing everyday expenses.
- Just like other banks, Union Bank uses special technology to protect your information.
- You require a passport, visa, address proof, and accepted school ID to open a Union Bank account online.
- You can simply visit the Union Bank of India website and find the part about opening accounts online.
- Any Indian student above 18 years of age can apply online for a Union Bank account opening.
- Documents required include KYC documents and a PAN card.
| Union Bank Account Opening | |
| Union Bank Account for Students | – Savings Bank Account- General (SBGEN) – Savings Bank Account for Students (SBZER) |
| Process | Online and Secure |
| How to Open an Account? | Via Mobile App and Online Banking Platform |
| Eligibility | Any Indian resident above 18 years |
| Documents Required | PAN Card, Aadhaar Card, Visa, Passport, University Admission Letter |
Also Read: Taken an Education Loan from Union Bank? To know how long it takes, check out the blog on Union Bank education loan processing time.
UBI Savings Account for Students (SBZER)
Union Bank offers the Image Savings Bank for Students (SBZer) account which is designed specifically for students aged 10-25. Students pursuing regular courses can open this account. It is packed with benefits like a Classic Debit Card and free personal accident insurance (death) cover with a debit card up to INR 2 lakhs.
- The online application lets you skip the branch visits and open an account at your own pace.
- Their online application uses encryption to keep your information secure.
- It allows individuals to open digital savings accounts with no minimum balance requirement with the UBI Zero Balance Account.
- SBZER allows 5 free transactions per month.
- The ATM cash withdrawal limit is INR 25,000 per day and the ATM POS (Point of Sale) limit is INR 50,000 per day.
To know more about the features of the UBI SBZER, check out the table below-
| Eligibility | Students aged from 10 to 25 years. After 25 years, it is automatically turned into a Savings Bank Account (SBGEN). |
| Quarterly Average Balance | – 5 free transactions per month with your bank ATM – 3 free transactions per month with other bank ATM |
| Debit Card | Classic Debit Card |
| Debit Card Charges | – Issuance Fee- NIL – Annual Maintenance Charges- Applicable |
| Free Transaction Limits | – 5 free transactions per month with your own bank ATM – 3 free transactions per month with other bank ATM |
| Cheque Book | Issued when students become major |
Union Bank Online Account Opening Process
You can easily open a Union Bank student account online. Head to its official website and click on ‘Apply Now’. Enter your details carefully and double-check the application form before submitting. Make sure your document scans are clear and easy to read and check for any fees associated with the account you choose.
- Visit the Union Bank of India website and find the part about opening accounts online.
- Now, choose the “Savings Bank Account for Students” (SBZER) or another option that works for you.
- Enter your info carefully and upload scanned copies of your documents (like your passport).
- Sometimes, the bank might want to do a quick video call to confirm it’s you.
- Once approved, you’ll get your account details and can start managing money.
Also Read: To know more about Union Bank balance transfer for education, check out the given blog. Know about major highlights and effective interest rates.
Documents Required for Union Bank Online Account Opening
Union Bank makes opening a student bank account in India super easy. It’s safe and quick, and you can even do it all from your phone or computer. You can complete most of the application process online. Just be ready for a quick video call with the bank to show them some documents. Here’s what you need-
- Indian Address
- Two passport-sized photos
- PAN Card
- Aadhaar Card
- Passport
- Student Visa
- University Letter
This was all about the Union Bank account opening for international students. The process is simple and hassle-free. Make sure to check out the features and check for fees, charges, and minimum balance requirements with the bank to avoid any confusion.
To know more about education loans, the best bank accounts for students, forex cards, and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
FAQs
Yes, Union Bank of India lets you open a student bank account online called the Union Bank Savings Account for STudents (SBZER). After 25 years, it is automatically turned into a general Savings Bank Account (SBGEN).
Union Bank offers the Image Savings Bank for Students (SBZer) account is designed specifically for students aged 10-25. It is packed with benefits like a Classic Debit Card and free personal accident insurance (death) cover with a debit card up to INR 2 lakhs.
You can open an account online or visit a Union Bank branch. The online process is quick and paperless, requiring minimal documents.
Opening a Union Bank account for international students requires minimal documents. You need a valid passport, student visa, university admission letter, local address proof, passport-sized photographs, and PAN Card.
5 free transactions per month with your bank ATM and 3 free transactions per month with other bank ATMs are free with Union Bank’s savings account for students (SBZER). The ATM cash withdrawal limit is INR 25,000 per day and the ATM POS limit is INR 50,000 per day.
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