Introduction
Union Bank of India news: Union Bank of India is one of the leading public sector banks of the country. The Bank is a listed entity, and the Government of India holds 74.76 percent in the Bank’s total paid-up capital. The Bank, having its headquarters at Mumbai (India), was registered on November 11, 1919, as a limited company. Over the years, it has established itself as a major financial institution with an extensive presence across the nation and overseas.
Union Bank of India: Latest News and Developments
As of 31st December 2024, the Bank’s total business stood at ₹ 21,65,726 crore, comprising ₹ 12,16,562 crore of deposits and ₹ 9,49,164 crore of advances. Union Bank of India continues to make strides in the banking sector with its focus on technology, customer service, and financial inclusion. The Bank has received several awards and recognitions for its digital banking, MSME initiatives, and human resource development.
Key Highlights of Union Bank of India
- Amalgamation: On 1st April 2020, Andhra Bank and Corporation Bank were merged with Union Bank of India.
- Branch Network: 8,500+ domestic branches and 9,000+ ATMs across India.
- International Presence: The Bank has overseas branches in Dubai (UAE) and Sydney (Australia), along with subsidiaries and joint ventures in multiple locations.
- Core Banking Solutions: It is the first large public sector bank to implement a 100% core banking solution.
Union Bank of India Internet Banking and Net Banking Services
Union Bank of India provides comprehensive digital banking solutions through its Union Bank of India net banking and Union Bank of India internet banking services. These services enable customers to perform various banking transactions conveniently from their homes or offices.
Features of Union Bank of India Internet Banking
- Fund Transfers: NEFT, RTGS, IMPS, and UPI transactions.
- Bill Payments: Electricity, water, mobile, and credit card bill payments.
- Loan Management: Apply for loans and check loan status online.
- Investment Services: Fixed deposits, recurring deposits, and mutual fund investments.
- Account Management: View account statements, check balances, and download transaction history.
Union Bank of India Online Account Opening
Opening an account with Union Bank of India has become seamless with its digital banking solutions. The Union Bank of India online account opening facility allows customers to create savings and current accounts from anywhere.
Steps to Open an Account Online
- Visit the official website of Union Bank of India (www.unionbankofindia.co.in).
- Navigate to the ‘Online Account Opening’ section.
- Fill in the required personal and financial details.
- Upload necessary documents (Aadhaar, PAN, address proof, etc.).
- Complete e-KYC verification.
- Receive account details and start banking instantly.
Union Bank of India Login Guide
To access online banking services, customers must log in to their net banking accounts. Here’s how you can log in:
Steps to Login to Union Bank of India Net Banking
- Go to Union Bank of India Internet Banking site: www.unionbankonline.co.in.
- Enter your user ID and password.
- Complete the security verification (OTP authentication).
- Click on ‘Login’ to access your banking dashboard.
Union Bank of India Customer Care Number 24×7
For customer assistance, Union Bank of India offers round-the-clock support through its toll-free and dedicated helplines.
Union Bank of India Contact Details
- All-India Toll-Free Numbers: 1800 208 2244 / 1800 425 1515 / 1800 425 3555
- Fraud/Disputed Transactions Helpline: 1800 2222 43
- Premium Account Dedicated Helpline: 1800 425 2407
- NRI Customers Call Back Facility: +918484848458
- Charged Numbers: 080-61817110
- NRI Dedicated Number: +918061817110
Union Bank of India: Board of Directors and Capital Structure
Union Bank of India’s Board of Directors comprises experts from various fields, including banking, finance, business development, and risk management.
Capital Structure
- Authorized Share Capital: ₹ 10,000 crore
- Paid-Up Equity Capital (as of December 31, 2024): ₹ 7,633.61 crore
- Listed on: National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)
History and Legacy of Union Bank of India
Union Bank of India was established on November 11, 1919, with its headquarters in Mumbai. The bank’s head office was inaugurated by Mahatma Gandhi in 1921. The Bank’s logo, featuring two interlocking U’s in red and blue, symbolizes trust and strength.
Union Bank of India’s Tagline
- Good People to Bank With
- अच्छे लोग अच्छा बैंक
Conclusion
Union Bank of India continues to be a reliable and customer-centric bank, offering seamless digital banking solutions and robust customer service. With its growing presence in India and abroad, the Bank is poised to enhance its services further, catering to the diverse needs of its customers. Whether through Union Bank of India net banking, Union Bank of India online account opening, or 24×7 customer care support, the Bank remains committed to providing superior banking experiences.
Stay updated with the latest Union Bank of India news for more insights into its financial services, innovations, and achievements.
