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Union Bank Launches
"Union Classic Current Account"
December 01, 2006
Union Bank is one among the Big League of TOP FIVE BANKS in
the Banking Industry. It is considered to be the Pioneer &
Progressive Bank, offering innovative products & packages to
the Customer-community.
The latest addition to its product-class is the new Current
Account product called “UNION CLASSIC CURRENT ACCOUNT” which
was launched today by Shri R.S. Reddy, Executive Director of
the Bank. The new product is packaged with a range of services
bundled with lot of benefits either by way of free or
concessional offers. The benefits of this product can be
availed by different segments of customers – Traders,
Industries, SMEs, IT Companies, Service Industries, Govt.
Depts., Colleges etc.
A customer / trader can open the UCCA in three categories,
with any of the over 908 CBS branches. This choice of category
is based on the Average Monthly Balances maintained under :-
Category – I Rs.50,000/- & above but < Rs.1 lac.
Category – II Rs.1,00,000/- but < Rs.5 lacs.
Category – III Rs.5,00,000/-& above.
Keeping in mind the normal needs of the customers,
particularly the Trader community, such as quick
fund-transfers, quick collection of outstation cheques, prompt
Cash Management Services etc., Union Bank has designed the
product – UCCA – under which the trader can far more
efficiently manage his funds, as the product is packaged with
efficient Cash Management Services and multiple benefits like
free remittances, free collections etc. Such multiple Free as
well as Concessional Services are extended to the customers in
increasing measures, in proportion to the Category chosen by
them.
FREE SERVICES OFFERED UNDER UCCA :
A wide range of free services are packaged in this product
for the benefits of the Trader / Customer community, making
UCCA truly customer-friendly, such as :-
Remittances of funds upto Rs.100 lacs p.m.
Outstation cheques for collection upto Rs.25 lacs p.m.
Multi City Cheques collection upto Rs.25 lacs p.m.
Cash Management Services in 2 locations.
Issuance of Debit Cards instantly.
Credit Cards.
CONCESSIONAL SERVICES OFFERED UNDER UCCA :
On similar lines, a bundle of concessional services are
made available to the customer community through the UCCA that
include :-
RTGS transactions upto Rs.25 lacs p.m.
LC/LG issuance charges upto 50%.
Loan Processing Fee etc.
e-PRODUCTS OFFERED :
Union Bank today is tech-savvy. Having imbibed the high-end
technology, the Bank has been innovating products & services
around the technology and today, offers a spectrum of products
& services. Bank’s RTGS Services enable the customers to remit
funds at fast speed. UCCA, which is packaged with many such
facilities, is a CLASSIC example. Today, with RTGS, e-Banking,
tele-banking facility etc., an UCCA holder can conduct his
transactions with ease, accuracy & speed. The Bank has
developed the capability of providing the customer with
International Debit Card the day he opens his account with any
of its 908 CBS outlets. With Union Bank’s Debit Card, he can
today access over 600 Bank’s own ATMs, over 5500 ATMs of SBI
Group, over 2100 ATMs of other 11 Banks, 15,000 Visa-enabled
ATMs in India and over one million Visa-logo ATMs across the
Globe.
Union Bank’s Auto-Sweep service enables the UNION CLASSIC
CURRENT ACCOUNT holders to more efficiently manage the funds,
as cheques would be honoured even by sweeping money from
accounts kept with the branches in different locations.
For Investment-savvy Traders / Customers, we offer Demat
services where customers can undertake online trading through
their internet. UCCA holding Traders/Customers can pay their
income-tax, service-tax, excise/customs duty etc. online
through our e-PAY services. They can, today, plan their
travels and book Railway / Airway tickets online through the
UCCA.
In short, in the literal sense, Union Bank is a Super
Shoppe, facilitating the customers to shop around even for
e-products & services.
BANK TRANSFORMATION PROCESS :
UNION BANK, which has been crossing mile-stones after
mile-stones, has a business-mix of over Rs.1,40,000 crores.
The Bank also aims to cross yet another landmark of
Rs.1,60,000 crores of Business-Mix by March,2007. The Bank is
planning for an expansion of its geographical reach by around
100 new branches this Financial Year, taking the total no. of
branches to over 2,200. The Bank, currently, is at a
transformation-stage. It is endeavouring to energise &
transform itself, within a short span of time, to a greater
level of vibrancy, strength, reputation etc. for improving its
positioning in the Industry.
E-Mail :
newseditor@sarkaritel.com
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