Union Bank of India was founded in November 1919 in Mumbai. Inaugurated by Mahatma Gandhi, the bank had expanded to four branches, in Saurashtra and Mumbai, by the time India was given independence in 1947. The bank then expanded rapidly, reaching 240 branches by the time it was nationalised in 1969.
Union Bank of India was founded in November 1919 in Mumbai. Inaugurated by Mahatma Gandhi, the bank had expanded to four branches, in Saurashtra and Mumbai, by the time India was given independence in 1947. The bank then expanded rapidly, reaching 240 branches by the time it was nationalised in 1969.
Union Bank of India was founded in November 1919 in Mumbai. Inaugurated by Mahatma Gandhi, the bank had expanded to four branches, in Saurashtra and Mumbai, by the time India was given independence in 1947. The bank then expanded rapidly, reaching 240 branches by the time it was nationalised in 1969.
One of the largest government-owned banks in India, the bank now has more than 4000 branches worldwide. UBI has overseas branches in Beijing, Abu Dhabi, Sydney, and Antwerp plus offices in Shanghai, Dubai and Abu Dhabi.
Union Bank of India also has a wholly owned UK subsidiary, based in London.
Personal banking customers can choose from current, savings or term deposit accounts. Current account customers must maintain an average quarterly balance of £100 / $100 / €100. Savings accounts do not require a minimum balance.
Business current accounts are available to businesses, partnerships, charities and trusts and in British pounds, US dollars or Euros. These accounts do not earn interest and require a balance of £500, $2000 or €2000.
Business customers looking to earn interest can choose a term deposit account, which pays a fixed rate of interest but cannot make withdrawals over the entire term – between one and five years. Interest is paid annually or at maturity. Loans are also available to business customers.
Larger corporate customers can choose from lending products including:
The bank also provides treasury services, including foreign currency remittance, forward contracts, hedges and spots and cross-currency conversions (available in selected currencies).
Union Bank of India UK is authorised by the Prudential Regulation Authority (PRA) and regulated by the Prudential Regulation Authority and the Financial Conduct Authority (FCA). Eligible deposits of up to £85,000 are covered by the Financial Services Compensation Scheme (FSCS).
Senator House
85 Queen Victoria St
London
EC4V 4AB
Telephone: 020 7332 4250
Email: [email protected]
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Online opening of a savings bank account experience is worst. Either the page simply doesn't open or if it opens after much effort it just vanishes in between. When tried to seek help of the bank staff, they shamelessly told to go to nearby cyber cafe. I wonder if they have a cut with the cyber cafe. Worst bank.
Deposited funds but no login ID yet, scary
I have used many banks in my time ( I'm 71) but never encountered such a useless communications system as this bank. Why only one phone number ?? Why do emails go unanswered ??
Is the user I.D the same as the reference number when trying to login to one's premier bond ? If not I haven't been provided with one so cannot log in yet.
Application process was ridiculous sent driving licence details as requested only to be rebuffed and made to send a supporting document , in my case I sent my council community charge .
I then received an auto email reminding me to apply for the whole thing again !!!
After a further day , I finally had confirmation that my application had been ratified.
Sorry but this bank really needs to up its game if it wants its customers business to try it more than once if at all.
Please don't reply asking me to phone your single number as you never answer it and the same applies to emails !
Eddie Ogden
I have still not received any user ID so I can go into my new account. Find it extremely difficult to talk to anyone emails not answered I'm exstemly anxious now
