City Union Bank Zero Balance Account

What is City Union Bank Zero Balance Account

CUB zero balance savings account targets customers who require flexible bank services without having to ensure minimum balance. It allows customers to open a City Union Bank savings account and perform daily banking transactions easily.

City Union Bank Zero Balance Account Interest Rates

The following table presents a general overview of savings account interest rates based on the end-of-day balance.

*CUB Savings account interest rates as of June 25, 2025.

Types of CUB Zero Balance Account

City Union Bank provides different savings account plans that enable customers to keep their accounts without a minimum account balance requirement.

1. CUB Salary Savings Account

   A savings account that allows easy credit of salaries and digital bank services to people with salaries. It typically offers no minimum balance requirements and debit card, and online banking.

2. Pradhan Mantri Jan Dhan Yojana (PMJDY)

   It is a government-sponsored zero balance savings account at City Union Bank that promotes financial inclusion. It offers basic banking services, including deposits, withdrawals, debit cards, and direct benefit transfers.

3. CUB Zero Balance Savings Account

   A savings account where the customer can keep an account without a minimum deposit. The advantages associated with it are personal accident coverage, debit card access, and convenient digital banking for daily banking transactions.

Key Features of CUB Zero Balance Account

City Union Bank's zero balance savings account has many features that make it convenient for day-to-day banking activities.

• Zero Minimum Balance: A customer can use the savings account without holding any minimum balance.
• Interest on Savings: Savings account interest rates are paid on the end-of-day balance that is held in the account.
• Debit Card Facility: Customers are issued a debit card, which they can use in an ATM, for retail payments, and for online transactions.
• Digital Banking Services: Internet and mobile banking enable customers to check balances, transfer funds, and handle their accounts easily.
• Sweep-in Facility: There are accounts in which customers can opt to use the City Union Bank sweep in FD facility and transfer any excess in the account to a fixed deposit to earn higher City Union Bank FD interest rates.

How to Open a CUB Zero Balance Account

The City Union Bank zero balance savings account can be opened online or at one of the bank's branches by the customers.

Online Application

A City Union Bank savings account is easy and convenient to open online.

• Visit Website/App: Visit the official City Union Bank website or mobile banking application.
• Enter Personal Details: Fill in personal details like name, mobile number and email ID
• Select Account Type: Select the savings account that offers zero minimum balance service.
• Upload Documents: Provide identity documents, Aadhaar, and PAN card.
• Complete Verification: Finalise the verification process with the help of OTP
• Account Activation: The account is activated after a successful verification.

Offline Application

The City Union Bank also allows customers to open an account at the closest branch.

• Visit the Branch: Visit the nearest branch of the City Union Bank.
• Request Form: Ask for the savings account opening form
• Fill Form: Add the personal and contact information.
• Submit Documents: Provide PAN, identity proof, and address proof.
• Verification: The documents given are verified by the Bank officials.
• Account Activation: After the verification, the account is activated.

Key Takeaways

The City Union Bank zero balance savings account enables customers to open a savings account without a minimum balance and access debit cards and online banking services. Interest is earned by the customers in their savings account. The City Union Bank sweep in FD facility can transfer excess money into a fixed deposit to gain a higher FD interest rate.