Union Bank of India Waives Minimum Balance Charges

Imagine you have a bank account, and sometimes the bank makes you pay a small fee if you don't keep a certain amount of money in it.

Union Bank of India is now getting rid of that fee for regular savings accounts.

This means you won't be charged just for not having enough money in your account.

This change starts in September 2025.

The bank wants to make it easier for everyone to use their services, especially people who might not have much money.

However, this new rule doesn't apply to special types of accounts.

Other banks have also been doing the same thing recently.