Union Bank of India is Associated With and Known as:
Union Bank of India or UBI is the public sector bank based in Mumbai, India. It offers various banking and financial products to the personal, corporate, NRIs, Rural and agriculture, MSME sectors. It has given the access of its Telebanking service to all its customers ranging from personal to corporate. Its all services are based on the Core Banking system. Union Bank of India operates a large network of over 3500 branches and more than 4100 ATMs throughout India. The bank also operates abroad in UAE, Beijing, China, London, Shanghai, Sydney, Hong Kong etc. Union Bank of India has the membership of the Alliance for Financial Inclusion (AFI). The bank is in the list of Forbes 2000. For contributing in the industrial and rural development in India, the Union Bank of India has launched several schemes and has signed Memorandum of Understanding [MOU] with SFAC. The bank also opened a Government Business Division for the functions like pensions, collection of taxes, deposit scheme, Public Provident Fund Accounts, investment, etc. related to the Government. Union Bank of India offers several banking and financial services to NRI's including deposit, investment, loans, etc.
History and Recognition
Union Bank of India was founded in 1919 and its head office building was inaugurated by Mahatma Gandhi. Till the independence of India, the bank owned only 4 branches in Mumbai and Saurashtra. The bank witnessed a rapid
Progress and installed over 240 branches before being taken over by Government of India. The bank was merged with several other financial institutions like Belgaum Bank, Miraj State Bank and acquired Sikkim Bank. Union Bank of India started its expansion to the other countries in 2007. The bank has been honored with many awards such as Financial Inclusion Technology Initiative award, IDRBT IT Excellence Awards, The Dale Carnegie Leadership Award etc. The slogan of the bank reads "Good People to Bank with".
Detail of Banking Services
Coming to the details of its services, the bank has categorized its services in segments like personal, NRI, International, Rural and Agriculture, and Corporate. The personal banking services of the bank include account management, retail loans, cards, investment, insurance and government business. The customer can avail of its branchless banking services in the form of online banking, ATMs and
Mobile banking. Apart from people living in India, the bank serves NRI's with its deposit, investment, remittances, and loans. Union Bank of India provides two types of account to NRIs, NRE and NRO, and FCNR in Indian currency and Foreign currency respectively. Its international service features various remittance services. Its MSME customers can avail of its various services in the form of cash management, Saral centers and One Time Settlement. Union Bank of India provides special services to its customers residing in rural areas such as Short Term Credit, Long Term Credit, Loans, and welfare programs. The corporate services of the bank covers deposit account, credit, and government business.
The customer care number of Union Bank of India can be contacted from
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