The product is ideal for small business owners and merchants whose daily turnover is relatively low and is designed to help them carry out a digitally enabled payment and settlement environment. For these sorts of accounts, the annual maximum turnover would be limited to Rs. 40.00 lakhs. If the turnover surpasses Rs. 40.00 lakhs annually, the account will be converted to a regular current account.

There is a minimum AMB requirement of Rs 1000 per month for Union Micro Digital Current Account,

Union Micro Digital Current Account may offer benefits such as access to digital banking services, lower transaction fees,

Through Internet Banking No Charges up to Rs.50000/- per month. Beyond that normal charges will apply.

Free Cash deposit per month is restricted to Rs.1.00 lac and Per Day Maximum free Cash Deposit is restricted to Rs.50000/

No.

The ATM cash withdrawal limit is Rs. 25000/day, and the POS limit is Rs. 50000/day.

Yes, Rs. 25 per month is the penalty for non-maintenance of AMB.