With the objective of ensuring greater Financial Inclusion and increasing outreach of the banking sector, Banks have been permitted to use the services of NGOs/SHGs, Micro Finance Institutions (MFIs) and other Civil Society Organizations (CSOs) as intermediaries in providing Financial and Banking services through the use of Business Correspondent Model. Business Correspondent is an extended arm of the Bank Branch who is providing Financial and Banking services to the customers in unbanked and underbanked areas. Our Bank empanel Corporate Business Correspondents who in turn deploy Individual Business Correspondents at the allotted BC locations. At present, Bank has empaneled 25 Corporate Business Correspondents and they have deployed 19000+ Business Correspondents PAN India for serving unpenetrated and under penetrated geography of the country. Services available at BC outlets: Sr. No. Details of services available at BC outlet 1. Account Opening 2. Cash Deposit (Own Bank) 3. Cash Deposit (Other Bank- AEPS/ RuPay Card) 4. Cash Withdrawal (On us) 5. Cash Withdrawal (Off us) 6. Fund Transfer (Own Bank) 7. Fund Transfer (Other Bank- AEPS/ RuPay Card) 8. Balance Enquiry (Own Bank) 9. Balance Enquiry (Other Bank- AEPS/ RuPay Card) 10. Mini Statement 11. Enrolment of Pradhan Mantri Suraksha Bima Yojna (PMSBY) 12. Enrolment of Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY) 13. Enrolment of Atal Pension Yojna (APY) 14. IMPS 15. Recovery/ Collection up to Bank approved limits 16. NEFT 17. Term Deposit/ Recurring Deposit Opening 18. Request for new Cheque Book 19. Stop Payment of Cheque 20. Cheque Status Enquiry 21. Renewal of Term Deposit/ Recurring Deposit 22. Block Debit Card 23. Launch Complaints 24. Track Complaints 25. Request for SMS alert/ e-mail statement (if mobile no./ e-mail is already registered) 26. Pension Life Certificate authentication through Jeevan Pramanam (Aadhaar enabled) 27. Apply for RuPay Debit cards
Business Correspondent (BC) Model
FAQs
Who owns Union Bank India? ›
Union Bank of India is one of largest state-owned banks in India. The Bank is a listed entity and the Government of India holds 83.49 percent in Banks Total Share Capital.
Which banks merged with Union Bank of India? ›Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India.
Is it safe to deposit money in Union Bank of India? ›We are covered by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.
How can I check my account balance in Union Bank of India? ›Balance on Missed Call Service on 09223008586
Customers can get their primary account balance by giving Missed call to 09223008586.
Union Bank was an American national bank with 398 branches in California, Washington and Oregon. It was owned by MUFG Americas Holdings Corporation and was acquired by U.S. Bancorp in December 2022.
What is the minimum amount to be kept in Union Bank of India? ›| QAB | Rural | Urban |
|---|---|---|
| With Cheque book | 250 | 1000 |
| Without Cheque book | 100 | 500 |
Depositors may request repayment of their deposits before maturity. Repayment of term Deposits before maturity is permissible in terms of the directives of the Reserve Bank of India issued from time to time.
How much money can we withdraw from Union Bank of India? ›| Account tier classification | CARD VARIENT | |
|---|---|---|
| Classic | Business Platinum | |
| Daily withdrawal limit – ATM | 25000/- | 100000/- |
| Daily shopping limit- POS | 50000/- | 300000/- |
| Total daily limit | 75000/- | 400000/- |
| ATM DEBIT CARDS using long code 09223008486 | |
|---|---|
| Missed Call Service | Customers can get their primary account balance by giving Missed call to 09223008586. |
| Source: Bank Website | SMS charges @ Rs.0.25+GST per SMS for Domestic SMS and Rs.1.20+GST per SMS for International SMS |
How do I close my union bank account? ›
Contact the Union Bank of India customer care number at 1800 22 22 44 / 1800 208 2244 and provide them with your account number and name details. The customer care executive will assist you further and provide the necessary details. In conclusion, it is advisable to close your bank account if it is no longer in use.
Who is the current CEO of Union Bank of India? ›Manimekhalai, MD & CEO, Union Bank of India in an Interview with…
Who is the owner of Union Bank and Trust? ›1965. Union Bank & Trust Company is purchased by the Dunlaps, a long-time trusted Nebraska banking family, and its core principles and culture begin to take shape as it brands itself “the bank of friendly service.” Jay Dunlap is chosen to run the bank.
Which Bank has branches in India and the USA? ›Home - SBI - SBI US
SBI branches offer a wide array of services including Deposits, Commercial Loans, Trade Finance, and Money Transfer (Remittances). Welcome to State Bank of India, United States, the US presence of India's largest bank.
All India Bank Employees Association (AIBEA) is the oldest and largest national trade union of bank employees in India, was founded in 1946 on the 20th of April in Kolkata.