Union Bank of India

What is Union Bank of India ?

Union Bank of India (UBI) is a time-honored financial institution, headquartered in Mumbai, established since 1919. Functioning as a full-service bank, UBI delivers a comprehensive suite of services to a diverse clientele that ranges from individuals to corporate entities. Their banking solutions cater to various financial requirements by offering products like capital gains deposit schemes, diverse types of current accounts (regular, salary), and savings accounts.

UBI also accommodates the investment aspirations of their customers through tools such as cumulative and non-cumulative recurring deposits, deposit reinvestment certificates, fixed deposits with different maturity options, and tax-efficient savings instruments like tax saver deposits.

To complement their deposit products, UBI grants a selection of loan offerings, investment services including online trading and demat accounts, which are essential for engaging with stock markets. Specialized products like monthly income schemes and long term deposits are also part of their portfolio, aiming to fulfill the tailored needs of their customers.

Serving the global Indian community, UBI offers NRI deposits and remittance services alongside other international banking services, ensuring customers abroad are also catered to. Steering the governance of UBI is an eleven-member board of directors, ensuring adherence to a solid governance framework and the strategic direction of the bank.

Their focus on IT and TMT industries signifies an inclination towards innovation and technology-oriented financial products and services, aligning with modern-day financial demands and integrating new-age banking technologies.