Founded on November 11, 1919, with its headquarters in Mumbai, Union Bank of India provides an array of banking and financial solutions to its customers. These offerings cover a wide range, including savings accounts, credit cards, fixed deposits, home loans, personal loans, debit cards, car loans, gold loans, and more.
Different Types of Products and Services Provided by Union Bank of India
The different types of products and services provided by Union Bank of India are:
- Union Bank of India Deposits
- Union Bank of India Loans
- Union Bank of India Cards
- Union Bank of India Investment
- Union Bank of India Insurance
- Union Bank of India Banking Services
Union Bank of India Deposits
Union Bank of India Deposits comprises Savings Accounts for efficient management of personal funds, Current Accounts for managing the cash flow of business, and Term Deposits to save for the future and earn higher returns on the surplus funds you have.
Union Bank Savings Account
Under Union Bank Savings Account there is an account designed specially to meet unique needs.
Type of Account | Primary Features |
Savings Bank Account(SBGEN) | Individuals (single or joint), illiterate persons, blind persons, professionals, HUFs, Clubs, Associations, Trusts, and Societies can applyQAB: With Cheque book: Rs. 250 in rural areas, Rs. 500 in semi-urban areas and Rs.1000 in urban/metro areasClassic Debit issued5 transactions per month free at ATMs ATM cash withdrawal: Rs. 25000 POS limit: Rs.5000020 cheque leaves free in a year |
SBHNI-Prime | Anybody eligible to open a savings account can applyQAB: Rs. 10.00 lacsFree RuPay Select or Visa Signature Debit card issuedUnlimited ATM access in both UBI and other bank ATMsATM cash withdrawal limit: Rs. 1.00 lac per day and POS limit: Rs. 3.00 lacs per dayComplimentary personal accident cover up to Rs.50.00 lacsFree Air Accident Insurance Cover with Union Bank Debit Card: Rs. 100 lacsFree NEFT/RTGSFree SMS alerts75% concession on the first-year locker rent |
Union Samriddhi-SB Account for Women | QAB: Rs.15000Free Rupay Platinum Debit CardUnlimited free access to Union Bank ATMATM cash withdrawal limit: Rs. 75000 lac per day and POS limit: Rs. 1.50 lacs per dayFree cheque leaves: 20 per year50% concession on 1st year locker rentFree NEFT/RTGS |
Savings Bank Account For Pensioners | For pensioners drawing regular pensionNo minimum balance stipulationFree Classic Debit CardATM Cash withdrawal limit: Rs. 25000ATM POS: Rs. 50000Free SMS Banking |
Basic Savings Bank Deposit Account | No minimum balance requiredFree RuPay Classic Debit CardATM Cash withdrawal limit: Rs. 25000ATM POS: Rs. 50000No cheque book facility |
Other Union Bank Savings Accounts
Union Samman-SB Account for pensioners | SB Account for Cooperative Societies |
Union Muskan-SB account for minors | Savings Bank Account for Students |
BSBDA-Small | Union Super Salary Account |
Savings Flexi Deposit Scheme (SBNFD) | Savings Flexi Deposit Scheme(SBNFP) |
Capitals Gain SB Account | MACT Claims SB Account |
Special SB Scheme Variant(SB Premium) | Special SB Scheme Variant (SB-HNI) |
Union Digital Savings Account | NRE/NRO Savings Account |
Union Bank Current Account
Union Bank has several current account variants to suit every business sector.
Type of Account | Primary Features |
Current Account-General | Individuals, Firms, Limited Companies, HUFs, Clubs, Associations, Trusts, Societies, Govt/Semi-Govt Departments, Local Bodies, State Financial Corporations, and LLPs can applyAQB: Rural: Rs. 1000 Semi-Urban: 2500 Urban: Rs. 5000 Metro: 10000Free cash deposit limit: Rs. 50000 or 1000 pieces whichever is lower per day at base branches Rs. 25000 or 500 pieces whichever is lower in other branches Free RuPay Classic Debit Card5 ATM transaction free at Union Bank ATMs |
Union Unnati-CD for women | AMB; Rs.50000Free RuPay Platinum Debit CardUnlimited Access at Union Bank ATMs3 free transactions at other bank ATMs in metro and 3 transactions at other centres50% concession on 1st year locker and POS rentFree NEFT/RTGS and SMS alertsNo folio chargesFree cash deposit up to Rs. 50000 per day with a maximum of Rs. 15.00 lacs per monthQR code provided free of costFree personalised cheque leaves: 100 per year |
Union Classic Current Account for Banks | For Banks including RRBs and Cooperative BanksAMB: Scheduled Banks: Rs. 100 lacs and RRBs and Cooperative Banks: Rs. 50.00 lacsIntersol cash deposit not permittedDenomination below Rs. 100 not acceptedDD/NEFT/RTGS: Scheduled Commercial Banks: Rs 250 lacs per month RRBs and Cooperative Banks: Rs. 125 lakhs per month Free Cheque Leaves: 100 per monthCash withdrawal at the home branch only |
Other Union Bank of India Current Accounts
Union Classic Current Account | Union Micro Digital Account |
Current Flexi Deposit Scheme (CDFFD) | Current Flexi Deposit Scheme(CDFFP) |
Union RERA Current Account | NRE/NRO Current Account |
Union Bank of India Cards
The bank provides an array of Union Bank Debit Card and Credit Card variants. They are
Union Bank Debit Card
- RuPay Classic Debit Card
- RuPay Platinum Debit Card
- RuPay Signature Debit Card
- RuPay Select Debit Card
- Visa Business Platinum Debit Card
Union Bank of India Credit Card
- Union Bank of India Usecure Credit Card
- Union Bank Classic Credit Card
- Union Bank RuPay Credit Card
- Union Bank of India Signature Credit Card
Union Bank of India Loans
With Union Bank of India loans, you can fulfil your dream of owning a home, or a car, or fund higher education for your children, take your business to the next level and much more. The different types of loans provided by the Bank are:
Type of Loan | Primary Features |
Home Loan | Under home loans, there are several variants for different home-related purposes.  Union Home For the purchase/repurchase or construction of a house, for the purchase/repurchase of a flat, for repairs and renovations, and for transfer of home loan balance from other banks.No restriction on the amount. Need-based and depends on the repayment capacity and value of the property. Maximum 30 lacs for repairs and renovationRepayment period: Maximum 30 years for purchase and construction and 15 years of repairs and renovations  Union Awas For the purchase or construction of a dwelling unit in semi-urban and rural areas.Meant for residents of rural and semi-urban areasAmount: The maximum loan for the purchase and construction in semi-urban areas is Rs. 10 lacs, Rs. 7 lacs for rural areas and Rs. 5 lacs for repairs and renovations in both semi-urban and rural areas.Repayment: Maximum 30 years for the purchase and construction and 15 years for repairs and renovations.  Loan for the purchase of a plot For the purchase of plots from projects developed by Government BodiesAmount: Minimum amount Rs. 50.00 lacs in both Tier-I cities, urban, metro and state capitals and maximum Rs. 5.00 crores in Tier-I cities and Urban areas and Rs. 10 crores in Metro and State CapitalsRepayment: If the home loan is availed from the bank, the maximum tenure is 30 years. If the home loan is not availed from the bank, the maximum period is 10 years The other variants are: Builder tie-up (approved projects)Union Smart SaveUnion Rooftop Solar  |
Personal Loan | To meet personal financial needsSeveral variants for different needs under personal loans are availableUnion Personal Loan for Salaried Individuals: Maximum loan quantum Rs. 15.00 lacs with a repayment period of up to 5 yearsUnion Personal Loan for the non-salaried: Maximum loan quantum Rs. 5 lacs for first-time borrowers and Rs. 15 lacs for existing borrowers with a maximum repayment period of up to5 yearsPersonal Loan for Government Employees: Maximum loan quantum Rs. 15.00 lacs with a repayment period of up to 5 yearsUnion Professional Personal Loan -Chartered Accounts, Company Secretaries, Cost Accountants, Doctors, and Engineers can apply Maximum quantum Rs. 20 lacs with a repayment period up to 5 years Union Ashiyana Personal Loan Scheme: Top-up loan for home loan customers. You can avail in the form of a term loan or an overdraft. Maximum loan amount Rs. 15 lacs for term loan with a repayment period of up to 7 years. Maximum loan amount Rs. 20 lacs for overdraft and the facility is co-terminus to home loan. |
Other Union Bank of India Loans
Vehicle Loan | Education Loan |
Loan against property | Loan for Senior Citizens and Pensioners |
Special Retail Loan for Government Employees |
Union Bank of India Investment
The investment option Union Bank of India is providing is Term Deposits. The bank has different types of term deposits to suit the unique needs of the customers.
Type of Deposit | Primary Features |
Fixed Deposit Receipt (FDR) | Resident Individuals, Clubs, Associations, Trusts, Societies, Firms, Limited Companies can applyMinimum amount: Rs. 1000Tenure: 6 months to 10 yearsInterest payout quarterly or half-yearly |
Monthly Income Scheme | Individuals either singly or jointly and minor by guardians can applyMinimum deposit: Rs. 1000Tenure: 6 months to 10 yearsInterest payout: Monthly at discounted rate |
Deposit Reinvestment Certificate (DRIC) | Resident Individuals, Clubs, Associations, Trusts, Societies, Firms, Limited Companies can applyMinimum deposit: Rs. 1000Tenure: 6 months to 10 yearsInterest Payout: On maturity |
Other Union Bank of India Term Deposits
Short Deposit Receipt | Cumulative Deposit Scheme |
Union Monthly Plus | Money Flex Term Deposit |
Union Tax Saver | Easy Tax Saver Deposit Scheme |
Capital Gain Scheme | Motor Accident Claims Annuity Deposit |
Non-callable Deposit Scheme | NRE Deposit |
NRO Deposit | FCNR |
Union Bank of India Banking Services
Union Bank of India provides several specialised banking services for the convenience of its customers and some of them are given below:
- Union Bank Net Banking: This service is provided round-the-clock access to customers for their accounts. They can conduct funds transfers, request a cheque book, download Union Bank Statement, check account balance, etc anytime and from anywhere with just a few clicks
- Mobile Banking: The customers will have access to various financial and non-financial transactions using their smartphone.
- Doorstep Banking: Customers can avail of all major banking transaction services at their doorstep including cash and instruments pick up, account opening, etc.
- Self-Service Banking: This includes online account opening, submitting online loan and credit card applications, submission of 15H, generation of green pin, creation of nomination, etc.
Union Bank of India Customer Care
The bank is just a call away for its customers’ banking needs.
- Call the following Union Bank of India Customer Care Numbers
- 1800 2222 441800 2222 431800 208 22441800 425 1515
- 1800 425 3555
- NRI customers can call the dedicated Union Bank of India Customer Care Number at +91 8061817110
Union Bank of India FAQ’s:-
Yes. The Union Bank of India Savings Account can be opened online.
You can do the balance check through Union Bank Net Banking, Mobile Banking, SMS Baking or ATMs
You can register for mobile banking through Union Bank Net Banking or the bank’s website
You can avail of a personal loan if the repayment track of the existing loan is satisfactory and your income is adequate to service both loans.
Only the spouse can be the co-borrower for a Union Bank Vehicle Loan where income has to be clubbed to arrive at the eligibility.