Union Bank of India INDIVIDUAL A/C OPENING FORM DOWNLOAD

The new document provided in the PDF is the Union Bank of India Individual Account Opening Form (account-op… pp. 1, 3). It is a comprehensive application used to establish new personal banking relationships, such as savings, current, or term deposit accounts (account-op… pp. 1, 3).

The form consists of multiple parts designed to capture comprehensive customer details, account preferences, legal mandates, and tax compliance profiles.

• Part I: Customer Information Sheet (CIF Creation/Modification)
  • Personal and Demographics: Mandatory section for full name, date of birth, gender, marital status, and parent/spouse names (account-op… p. 1).
  • Socio-Economic Profile: Form fields to declare occupation type, source of income, annual income, net worth, religion, and educational qualifications (account-op… p. 1).
  • PEP Declaration: Specific tracking for Politically Exposed Persons (PEPs) or individuals related to them (account-op… p. 1).
  • Contact Protocols: Blocks for mandatory mobile numbers, email addresses, and landline configurations (account-op… p. 1).

• Part II: Account Specific Preferences
  • Account Selection: Options to select Savings Bank, BSBDA (Basic Savings Bank Deposit Account), Small Account, Current Account, Fixed/Recurring Deposits, or Capital Gains Accounts (account-op… p. 3).
  • Mode of Operation: Settings for Self, Either or Survivor, Former or Survivor, Anyone or Survivor, or Jointly Operated (account-op… p. 3).
  • Service Activations: Consent checkboxes for ATM-cum-Debit Cards (Visa/Mastercard/RuPay), Cheque Books, Internet Banking (View/Transaction rights), Mobile Banking, SMS Alerts, and Paperless E-Statements (account-op… p. 3).

• Form DA-1 (Nomination Form)
  • A statutory section allowing account holders to nominate a person to receive deposit balances in the event of death (account-op… p. 4). Includes provisions to appoint an appointee if the nominee is a minor (account-op… p. 4).

• Appendix 1: Form No. 60
  • A mandatory regulatory declaration for individuals who do not possess a Permanent Account Number (PAN) but are conducting transactions that require tax monitoring (account-op… pp. 1, 7).

• Appendix 2: FATCA / CRS Declaration & Related Person Details
  • Tax residency declaration required to identify individuals with tax obligations outside of India (specifically aligning with US tax compliance laws and international reporting standards) (account-op… pp. 1, 9).
  • Includes a supplementary section for mapping legal guardians or authorized representatives for minor accounts (account-op… p. 9).

• KYC / OVD Compliance: Requires submission of Officially Valid Documents (OVD) for identity and address proof, including Passport, Voter ID, Driving Licence, Aadhaar card, NREGA Job Card, or National Population Register letter (account-op… pp. 2, 8).
• Minor Account Restrictions: Minors above 10 years old who can sign consistently can operate independent accounts with a maximum balance ceiling of ₹10,00,000 (account-op… p. 6). Younger minors must operate jointly with a guardian (account-op… pp. 1, 6).
• Small Account Limitations: Accounts opened without standard OVDs (based only on self-attested photos) remain valid for 12 months, subject to extension if proof of application for an OVD is provided (account-op… pp. 2, 5).
• Aadhaar & DBT Linking: Consent section to perform biometric/OTP-based e-KYC validation via UIDAI and link the account to receive Direct Benefit Transfer (DBT) government subsidies (account-op… pp. 2, 5).
• Dormancy Rule: Accounts showing no customer-initiated transactions for 24 months are automatically classified as inoperative/dormant (account-op… p. 6).
• Transaction Controls: Standard Savings Bank accounts are capped at a maximum of three cash deposit transactions per month, with a minimum accepted cash value of ₹15 (account-op… p. 6).

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