No, NRI customer cannot open deposit Account under the Union Wellness Deposit Scheme.

18-75 Year

Minimum Single deposit amount of Rs 10.00 Lac Maximum Single deposit below Rs 3.00 Crores. Cumulative/Multiple Deposit will not be covered under the scheme.

375 Days (Fixed)

Yes. TDS will be deducted as per guidelines of Domestic Term Deposits.

Available as per existing guidelines of Domestic Term Deposits.

Yes, Nomination in Union Wellness Deposit account is mandatory as Health insurance is linked with deposit.

1. Super Top up Health Insurance of Rs 5.00 Lakhs.
2. All depositors will be eligible for RUPAY Select Debit Card in their existing/ newly opened savings/current account (Individual or Proprietorship), with normal minimum Balance as per category of the Branch.
3. If any customer already having debit card of lower variant, he may surrender existing card and avail RUPAY Select Debit Card.

Bank will provide Super Top Up Policy for Sum Insured of Rs.5.00 lakhs free of cost to the customer. The insurance cover will be available only for expenses over and above Rs.5.00 lakhs i.e. initial amount of Rs 5.00 Lakhs to be paid by the customer (In case of Customer is not having any Health Insurance to cover up to initial Rs.5.00 Lakhs) or by the existing Health Insurance company or by both customer as well as Health insurance company (in case customer having existing health insurance policy for less than Rs 5.00 lakhs).

only Primary A/c Holder will be covered under Insurance in case of joint Deposit Account.

No. If a customer opened multiple deposits under this scheme and closed his first deposit account, then he is not eligible for insurance coverage for other account. Means one customer is eligible for only one time i.e. on his first account. Only first deposit will be considered for coverages.

No. Rupay Select Debit Card can be issued only to Primary Account holder.