UNION BANK

OF
INDIA

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INTRODUCTION

Union Bank of India (UBI) is one of

India's largest state-owned banks (the
government owns 55.43% of its share
capital), is listed on the Forbes 2000. It has
assets of USD 13.45 billion and all the
bank's branches have been networked with
its 1135 ATMs. Its online Telebanking
facility are available to all its Core Banking
Customers - individual as well as corporate.
It has representative offices in Abu Dhabi,
United Arab Emirates , and Shanghai,
Peoples Republic of China , and a branch in
Hong Kong.

Because of its acronym UBI, the public

sometimes confuses it with United Bank of
India.

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Union Bank of India was inaugurated by the
Father of the Nation, Mahatama Gandhi, on
November 11, 1919. Started as a limited
company in Mumbai, it was one of the few
Financial Commercial banks in India. Until
1947, UBI had only 4 branches - 3 in
Mumbai and 1 in Saurashtra, all
concentrated in key trade centres. Catering
to all the sectors of the society, be it
agriculture, industry, trade and commerce,
services or infrastructure, the bank has also
played a major role in rendering services to
the financial needs of every section. Apart
from this, the bank also extended financial
support to educational, housing and trade
sector.

Union Bank of India undertook the task of

establishment of village knowledge centers
and self-employment training centers. It
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was in 1975, that the Union Bank of India
was nationalized. It was, then, that it
merged with the Belgaum Bank, a private
sector bank. Another merger was on cards
in 1985, this time with the Miraj State
Bank. Union Bank is a Public Sector Unit
with 55.43% Share Capital held by the
Government of India. The Bank came out
with its Initial Public Offer (IPO) in August
20, 2002 and Follow on Public Offer in
February 2006. Presently 44.57 % of Share
Capital is presently held by institutions,
individuals and others.

With the age of global banking, Union Bank

of India also changed its style, boasting of
urbanized and computerized core banking
systems. A front runner among public
sector banks in modern-day banking, it has
all the facilities that a modern bank should

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have - internet banking and centrally
computerized branches. UBI was one of the
pioneer public sector banks, which
launched Core Banking Solution in 2002.
As of September 2005, more than 670
branches/extension counters of Bank are
networked under Core Banking Solution.
The Bank has launched multiple Electronic
Delivery Channels and has installed nearly
423 networked ATMs.

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BRANCHES IN DELHI
City Branch Contact
DELHI PATEL 26/2, East Patel
NAGAR Nagar, New Delhi,
Pin - 110 008.
PAHAR GANJ 2/2, Desh Bandhu
Gupta Road, Pahar
Ganj, New Delhi, Pin
- 110 055.
SUNDER 52, Sunder Nagar,
NAGAR New Delhi, Pin - 110
003.
MALL ROAD - B-5, Model Town 2,
NEW DELHI Delhi, Pin - 110 009.
011 7115362
7425268
AZADPUR D-2, Panchwati
Commercial Centre,
Azadpur, New Delhi,
Pin - 110 033.
Anand Vihar, C-8, Anand Vihar,
Delhi New Delhi 110092
Maurya Delhi
Enclave, Delhi
SSI OKHLA B-231, Okhla

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 Industrial Area,
Phase - I, New Delhi,
Pin - 110 020.
KAROL BAGH 10184, Arya Samaj
Road, Karol Bagh,
New Delhi, Pin - 110
005.
SAKET, DELHI J-292, SAKET, NEW
DELHI
KIRTI NAGAR 37,DLF Industrial
NEW DELHI Area,Kirti Nagar,
New Delhi-110015.
NEHRU 73-74, Sheetla
PLACE House, Nehru Place,
New Delhi, Pin - 110
019.
LODHI F-5, New Khanna
COLONY Market, Lodhi
Colony, new Delhi,
Pin - 110 003.
KASHMERE 1366-68, Kashmere
GATE Gate, Delhi, Pin -
110 006.
PASCHIM Jwala Heddy
VIHAR Shopping Complex,
Paschim Vihar, New
Delhi, Pin - 110 063.
LAJPAT 25, Feroze Gandhi
NAGAR Road, Lajpat Nagar
Iii, New Delhi, Pin -
110 024.

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Punjabi Bagh 38,Central Market,
Punjabi Bagh (West)
New Delhi-110026
DELHI Ii/111,112, Jain
CANTT. Bhawan, Delhi
Cantt., Pin - 110 010.
CHAWRI 3581, Chawri Bazar,
BAZAR Post Box No.1151,
New Delhi, Pin - 110
006.
SOUTH D-43, Nd South
EXTENSION Extension Part I,
New Delhi, Pin - 110
049.
SOWCARPET 194, MINT STREET,
SOWCARPET,
CHENNAI-600003
ASAF ALI 4/14-a, Asaf Ali
ROAD Road, New Delhi,
Pin - 110 001.
OVERSEAS 26/28, Connaught
BRANCH Place, New Delhi -
110 001.
IFB CP G-39, Connaught
Circus, New Delhi,
Pin - 110 001.
Janakpuri New C-15,Community
Delhi Centre, Janakpuri
New Delhi - 110058.
Pin - 110 048.
I.P. Extention 8- A, Madhuvihar, I.

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 P. Extension,
Delhi110092
KAILASH H-532, Kailash
COLONY Colony Market, New
Delhi, Pin - 110 048.
S.B.SARAFA Post Box No. 1578,
MARKET S.b. Sarafa Market,
Chandni Chowk,
New Delhi, Pin - 110
006.
Shankar Vihar 2-3 Shankar Vihar
Shopping Complex,
New Delhi
EC at Kailash H-532, Kailash
Colony Colony Market,New
Delhi,Pin - 110 048.
CONNAUGHT 14/15-f, Connaught
PLACE Place, New Delhi,
Pin – 110001.

UNION BANK OF INDIA BRANCH

WHERE I HAVE UNDERGONE TRAINING
PROVIDES FOLLOWING SERVICES:-

 Cash Receipt and withdrawal

 Loan
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 Updati on of Passbook

 Account Opening

 Demand Draft

 Real Time Gross Sett lement(RTGS)

 Fixed Deposits

 Plasti c money

 Tax

 Public Provident Fund

 Government Pension

 E-Banking

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DETAILED COMMENTS ON THE
SERVICES

1. CASH RECEIPT AND WITHDRAWAL :-

A deposit account is a current account,

savings account, or other type of bank
account, at a banking institution that
allows money to be deposited and
withdrawn by the account holder. These
transactions are recorded on the bank's
books, and the resulting balance is recorded
as a liability for the bank, and represents
the amount owed by the bank to the
customer. Some banks charge a fee for this
service, while others may pay the customer
interest on the funds deposited.

2. LOAN

UBI provides these types of loan:-

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UNION HOME-A home is every one’s
Dream. We make it true. Easy repayable
instalments. Value added services.
Minimum paper work.

ELIGIBILITY

 Indian Citizen - 21 years and above.

 Either single account or joint account with other
family members viz.(father, mother, spouse or
son ) with regular source of income.
 Individuals who may be employed/self-employed
in business having regular income.
 A minimum of 40% marks as per investment
grade scoring chart(Internal method of the bank).

PURPOSE

 Purchase/construction of independent
house/flat.
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  Repair/Improvement/Extension.
 Repayment of loan availed from another
agency/Bank/NBFC.
 For purchase/ construction of 2nd property
(independent house/flat)
 Plot sold by a Government-recognized agency
viz., HUDA, HOUSEFED and such others .

QUANTUM  
 Max Rs. 300 Lacs for Mumbai, Delhi, Kolkata,
Chennai, Bengaluru, Ahmedabad,
Hyderabad,Gurgaon, Noida and New Delhi.  
 For other cities Rs. 100 lacs
 Max. Rs. 10 lacs for repair.

MARGIN
 For loan up to Rs. 200 lacs, 20% of the cost of
the property.
 For loan above Rs. 200 lacs, 35% of the cost of
the property.

REPAYMENT  
 Moratorium up to 18 months wherever loan is
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 taken for under construction flat or building.
 By Equated Monthly Installment (EMI.)
 The maximum repayment period should not
exceed 25 years (including  moratorium) for
construction / purchase of house/ flat and 10
years for repair.
 Option of Flip/Step-up/Balloon methods of
repayments for the convenience of the
borrowers

UNION EDUCATION:-

Give your children the higher education

they deserve. Give them chance to fulfil
their dream.  Provide them the best
education with Union Education.

OBJECTIVE & PURPOSE

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The scheme aims at providing financial assistance
on reasonable terms to the poor and needy students
to undertake basic education and to meritorious
students that they may pursue higher or
professional or technical education.

 
ELIGIBILITY
Student Eligibility

 Indian citizen
 Secured admission to the concerned institute in
India or abroad through an appropriate
selection process and cleared the qualifying
examination,if any

Courses Eligibility(Indicative List) :

a. Studies in India

 Graduation/Post-Graduation
 Professional courses

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  Management courses

b. Studies Abroad :

 Graduation: For job-oriented professional or

technical courses offered by reputed
universities
 Post-Graduation: MCA, MBA, MS and such
other courses
 Courses conducted by CIMA, London, CPA,
USA., and such other institution

 
EXPENSES CONSIDERD FOR LOAN
 
 Fee payable to Institute/Hostel.
 Examination/Library/Laboratory fees
 Purchase of
Books/Equipments/Instruments/Uniforms
 Caution Deposit,Building Fund/refundable
deposit supported by Institution
Bills/receipts,subject to the condition that the
amount  does not exceed 10% of the total
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 tuition fees for the entire course.
 Travel Expenses/passage money for studies
abroad
 Purchase of computers-essential for completion
of the course
 Insurance premium for the student borrower
 Any other expense required to complete the
course, such as, Study Tours,Project
Work,Thesis, etc. 

QUANTUM OF LOAN

Need based finance subject to repaymen

capacity of the parent or student with margin
and up to following ceilings:-

For studies in India-up to Rs10 lacs

For studies in Abroad-up to Rs20 lacs

 
MARGIN

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No margin for loans up to Rs4.00 lacs. However,
for loan of higher amounts, the margin requirement
is 5% for inland studies and 15% for studies
abroad.
Scholarship/assistance to be included in margin.
Margin may be brought in on pro-rata basis as and
when disbursement is made.

REPAYMENT
Repayment holiday or moratorium on loan: course
period +1 year OR 6 months after job placement,
whichever is earlier.
Starting from then point, the loan is to be repaid in
5-7 years after completion of course period/
moratorium.

3.UPDATION OF PASSBOOK

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Book issued by a bank or savings institution to
record deposits, withdrawals, and interest earned in
a savings account .

A passbook or bankbook is a paper book used to

record bank transactions on a deposit account .
Depending on the country or the financial
institution, it can be of the dimensions of a
chequebook or a passport.

Traditionally, a passbook is used for accounts with

a low transaction volume, such as a savings
account. The bank teller or postmaster writes, by
hand, the date and amount of the transaction, the
updated balance, and enter his or her initials. In the
late 20th century, small dot matrix or inkjet
printers were introduced to update the passbook at
the account holder's convenience, either at an
automated teller machine or a passbook printer,

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either in a self-serve mode, by post, or in a branch.

SPECIMEN OF PASSBOOK:

4. ACCOUNT OPENING

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 RATES AT A QUICK GLANCE
AS ON 01.01.2010

DEPOSIT ACCOUNTS
MINIMUM BALANCE
NATURE
RATE OF INTEREST (AQB)

SENIOR URBAN /
  NORMAL RURAL   SEMI-URBAN
CITIZEN METRO

ACCOUNT            

1. Savings Bank A/c            

A. Domestic            

a. With Cheque Book

facility 3.50% 3.50% Rs.250   Rs.500 Rs.1000

b. Without cheque book

facility 3.50% 3.50% Rs.100   Rs.250 Rs.500

c. No Frills Account            

North-eastern states 3.50% 3.50% NIL NIL NIL

Other than north-eastern 3.50% 3.50% Rs.25 Rs.25 Rs.25

states

a. NRO 3.50% 3.50%

b. NRE 3.50% 3.50%

DOCUMENTS REQUIRED AT THE TIME OF

ACCOUNT OPENING:

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 For
Individuals: 􀂾 Photo Credit

􀂾 Passport Card

copy 􀂾 Gas

􀂾 Voter’s id Connection

card Receipt

􀂾 Employer’s 􀂾 Latest

ID card Telephone Bill

􀂾 Driving 􀂾 Latest

license Electricity Bill

(laminated card 􀂾 Statement

) from existing

􀂾 PAN card bank

In addition, the following documents

are required:-

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􀂾 Proof of PAN / GIR No or Form 60
(In case of cash deposit)
􀂾 Latest passport size photograph(2 copies)

5. DEMAND DRAFT

A method used by individuals to make

transfer payments from one bank account to
another. Demand drafts are marketed as a
relatively secure method for cashing
checks. The major difference between
demand drafts and normal checks  is that
demand drafts do not require a signature in
order to be cashed.
Demand drafts were originally  designed to
benefit legitimate telemarketers who needed
to withdraw funds from customer checking
accounts. However, the lack of a signature
required to authorize the transfers have left
demand drafts open to fraudulent use. The
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only information  needed to create a demand
draft is a bank account number and a bank
routing number - this information is  found
on a standard check.

6. REAL TIME GROSS SETTLEMENMT

Real Time Gross Settlement is a funds
transfer mechanism where transfer of
money takes place from one bank to another
on ‘real time’ and on ‘gross basis’. This is
the fastest possible mode of money transfer
through bank channel ‘available in India.
Presently, there are over 45000 bank branch
enabled for remitting and receiving funds
through RTGS. RTGS is primarily for large
value remittances. The minimum amount to
be remitted through RTGS is Rs.1.00 Lakh.

The customer intending to remit money

through NEFT has to submit an application
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with particulars of IFSC (Indian Financial
System Code) of the beneficiary
Bank/Branch, full account number and
name of the beneficiary.

Union Bank offers RTGS facility to its

customers through all its 2400+ branches.
The bank has completely waived service
charges on all RTGS remittances and as
such the facility is free to our customers.

RTGS remittance service for customer

transactions is available from9.00 hours to
15.30 hours on weekdays and from 9.00
hours to 11.00 hours on Saturdays. Under
this facility money will be credited to the
beneficiary account instantly on ‘real time’
basis.

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 7. PLASTIC MONEY

Credit Cards
 

Shop Shop Shop with Union Bank’s International

Credit Card. And pay at your own sweet
convenience. It will bridge the gap between
wanting and having. Get it now and see your
tensions melt away. Union Bank in association with
VISA International offers Global credit card-
Union Card exclusively to its customers.

Types of credit cards:-

 Classic/silver/Gold
 Corporate card

Documents required:-

-Copy of PAN card(mandatory)\

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-Salary slip/Certificate(latest)

-Form 16

-IT Return(latest)

-Address proof

-Identity proof

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