NOVEMBER 2021

UNION SANDESH
NRI’s Monthly News Bulletin

1 Union Bank of India- ‘Sandesh’ - NRI’s monthly newsletter (For private circulation only)
Union Bank of India, Central Office, Union Bank Bhavan, Vidhan Bhavan Marg, Mumbai – 400021
 Interest Rates on NRE Deposit Schemes (w. e. f. 01.09.2021)

Interest Rates (% per annum)

Maturity Band Less than Rs.2 Cr
1 year only 5.00
1 year to 2 years 5.10
2 years to 3 years 5.30
3years to 5 years 5.40
5 years to 10 years 5.50

 Interest rates are subject to change. Hence depositors have to ascertain the rates as on the date of
placement from the website.
 No interest will be paid if any NRE Term Deposit is prematurely closed before completion of 12
months.

Interest Rates on NRO Deposit Schemes (w. e. f. 01.09.2021)

Interest Rates (% per annum)
Maturity Band Less than Rs.2 Cr
7to 14days 3.00
15to 30days 3.00
31to 45days 3.00
4 6 to90days 3.50
91to120days 3.75
121to180days 4.30
181to less than 1 year 4.40
1 year 5.00
>1 year to 2 years 5.10
>2 years to 3 years 5.30
>3 years to 5 years 5.40
>5 years to 10 years 5.50

 Interest rates are subject to change. Hence depositor will ascertain the rates as on the date of
placement from the website.
 In case of Pre-closure of NRO term deposits (less than Rs.2.00 crores), which have run for 7 days or
above, interest to be paid at 1.00% less than the applicable rate (as on the date of opening of
deposit) for the period for which it has actually remained with the Bank or contracted rate,
whichever is lower.
 Interest rate on NRE SB/NRO SB is at 2.90% w.e.f 01.10.2021
*********

2 Union Bank of India- ‘Sandesh’ - NRI’s monthly newsletter (For private circulation only)
Union Bank of India, Central Office, Union Bank Bhavan, Vidhan Bhavan Marg, Mumbai – 400021
 For NRI Related Queries , Please Send Mails to

nricell@unionbankofindia.com

Interest Rates on FCNR (B) Deposit Schemes (w. e. f. 01.11.2021)

Interest Rates (% per annum)
USD
Period of deposit GBP EUR JPY CAD AUD
<3 Lac >=3 Lac
1year to less than 2years 0.87 0.87 1.28 0.01 0.05 0.50 0.54
2years to less than 3years 1.19 1.29 1.63 0.09 0.13 1.59 1.16
3years to less than 4years 1.52 1.62 1.71 0.23 0.14 1.83 1.51
4years to less than 5years 1.64 1.74 1.71 0.31 0.15 1.93 1.72
5years 1.71 1.81 1.67 0.36 0.16 2.04 1.83
 No interest will be paid if any FCNR Term Deposit is prematurely closed before
completion of 12 months.

Interest Rates on RFC Deposit Schemes (w. e. f. 01.11.2021)

Interest Rates (% per annum)

USD
Period of deposit GBP EUR JPY CAD AUD
<3 Lac >=3 Lac
6months to less than 1 year 0.87 0.87 1.28 0.01 0.05 0.50 0.54
1year to less than 2years 0.87 0.87 1.28 0.01 0.05 0.50 0.54
2years to less than 3years 1.19 1.29 1.63 0.09 0.13 1.59 1.16
3 years 1.52 1.62 1.71 0.23 0.14 1.83 1.51
 No penalty charges on premature closure of FCNR/RFC deposits subject to completion
of minimum period.
 Interest Rates are subject to change. Kindly contact the branch for prevailing interest
rates OR visit our website www.unionbankofindia.co.in
 For other terms and conditions, please contact your branch.

You can reach our Call Centre Dedicated Number for NRI at

+918061817110

3 Union Bank of India- ‘Sandesh’ - NRI’s monthly newsletter (For private circulation only)
Union Bank of India, Central Office, Union Bank Bhavan, Vidhan Bhavan Marg, Mumbai – 400021
 Internet Banking – Enhancement of New Features and functionalities

As a value added service and to enhance the Internet Banking customer’s engagement for both
Retail and Corporate, Bank has rolled- out Internet banking. Finacle ebanking Application (FEBA)
with various Customer centric features. As on date Bank has enabled 150+ customer centric
features/functionalities Through Internet banking (both retail and corporate customer).
Further to leverage the Internet Banking dept. has rolled- out following new features /
functionalities As part of continuous enrichment (July –oct 2021)

1. Transaction through Cash Credit
Accounts: By default Taxes and Statutory
payment in Cash credit account is enabled
through net banking. Now net banking
customers can make taxes and statutory
Payment through net Banking from their
Cash Credit Accounts.
For other type transactions and payments
existing process is in force.
2. Online User Enable/Disable: Internet
Banking customers are facilitated with
online facility to enable/
Disable their user id. The option is available
at login page as ‘Enable/Disable User via
OTP’
3. Loan Interest Certificate –
(Housing/Education Loan): facility to
generate and download the Interest
Certificate for Education and home loan is
enabled through the net banking.
The certificate can be generate for a
financial year and option to generate is
available under ‘Account-> Interest

4 Union Bank of India- ‘Sandesh’ - NRI’s monthly newsletter (For private circulation only)
Union Bank of India, Central Office, Union Bank Bhavan, Vidhan Bhavan Marg, Mumbai – 400021
certificate request->Interest certificate for
Loan’.
4. Interest Certificate for Deposits
Accounts: facility to generate and download
the Interest certificate for deposit account
.Saving and term deposit enabled in the net
banking.
The certificate can be generated for
maximum period of one year. The option is
available under ‘Accounts-> Interest
certificate request->Interest certificate
Deposit/Savings.
5. Facility to add nominee in Account-
Facility to add nominee for retail Internet
banking user in their savings and term
deposit accounts is enabled through the net
banking. The option is available under
Account-> balance and Transaction info-
>Add nominee Details.
6. Debit card new feature following debit
card feature are enabled in the net banking
and placed
Under the path card service ->Debit Cards
a. Enable/disable the domestic and
international transactions at
ATM/POS/Ecom.
b. Soft blocking and unblocking debit card.
7. GSTN Seeding: Online GSTN seeding
against the customer id is enable through
Internet Banking and
Option placed under the path General
Service ->GSTN Registration.
8. Ease the Retail Self-Sign in journey: Self
sign-in process for retail user is simplified by
delinking last
Five transaction validation
5 Union Bank of India- ‘Sandesh’ - NRI’s monthly newsletter (For private circulation only)
Union Bank of India, Central Office, Union Bank Bhavan, Vidhan Bhavan Marg, Mumbai – 400021
a. For view only facility: Account
number, DOB/PAN card number,
Captcha and OTP.
b. For transaction+view facility:
Account number, DOB/PAN
card,Captcha,debit card
Number Debit card pin and OTP.
9. Registration of SMS Alert for
Transaction: customer can
activate/deactivate SMS banking for
account
Through the net banking. Option is
available under ‘General Service ->Service
Request->SMS banking
Registration/Deregistration’
10. Login restriction for SCB and UCB
corporates: Login restriction to the access
the Internet banking for co-operative banks
on holiday has been implemented and
made live.
11. Bulk file upload conversion utility:
Utility to generate the bulk upload files for
salary and NEFT
Transaction is developed and placed at
home page https//
www.unionbankonline.co.in under
The menu ‘User guide and FAQ’
12. Online Form 15G/15H-submission:
Customer can place the request for
submission of 15G/H form
Online through the net banking. After
submission of 15G/H, if customer wants to
update the
Changes for any reason then He/She has
to contact respective branch. The option is
made available
In the path General Services Form
15G/15H submit->15G/15H
 Our Offices Abroad
Branch Name Telephone/Mobile Email id
Union Bank of India +971 - 43887200, difc.dubai@unionbankofindia.com
DIFC Branch, Dubai 43887300, 563566523
Union Bank of India +852- ce.hk@unionbankofindia.com
Hongkong Branch 25242389,25242221
Union Bank of India +612-92212766, Sydney.australia@unionbankofindia.c
Sydney Branch 92210477 om
Union Bank of India +852 ce.hk@unionbankofindia.com
(UK) Ltd London 25242389,25242221
Union Bank of India +971-26222661, abudhabi.uae@unionbankofindia.com
Abu Dhabi 26222774
Representative Office +971 50 1284747 &
+971 50 241 9565

Disclaimer clause: The contents of this newsletter are based on information received from
various sources and while compiling every effort has been made to ensure that the information
is accurate and authentic. Union Bank of India-CRBD (Retail Deposits& Cards -NRI Cell) does not
accept any responsibility for interpretations of various rules or any errors/ omissions in the
news bulletin.

6 Union Bank of India- ‘Sandesh’ - NRI’s monthly newsletter (For private circulation only)
Union Bank of India, Central Office, Union Bank Bhavan, Vidhan Bhavan Marg, Mumbai – 400021