Union Bank of India (UBI) Offers for BSNL VRS Employees

Find the latest proposed offers from Union Bank of India (UBI) in view of BSNL VRS 2019 by proposing to offer the complete Banking solution for BSNL employees with Loan, Savings, Wealth Management, Mobile Banking, Personal Accident Insurance cover, Death cover etc…

The leading nationalized Bank with extensive Branch network of 4500+ Branches across the country which will grow to 9600+ branches with a business mix of Rs 14.59 lakh crore after merger with (Corporation Bank & Andhra Bank) w.e.f. April 2020, and UBI entire branch network is connected through Core Banking Solutions.

UBI 300+ branch network in state of Gujarat which will grow double 600+ after merger with (Corporation Bank and Andhra Bank) w.e.f 1st April 2020, and Union Bank provide the facility of Union Pension Account for the staff working in your esteemed organization, and the major benefits or offers of our Union bank to BSNL pension accounts of employees are as under

  • Account opening at doorstep with Zero balance facility.
  • No “Minimum Balance” stipulation.
  • Anytime, Anywhere Banking at Customer’s choice.
  • Free 2 Multi City Cheque book Facility per year.
  • Unlimited Free Account Statement/ Passbook facility.
  • Locker Rent:- 25% concession in rent.
  • Personal Accident Cover is Free up to Rs 5 lakh for primary account holder & Rs 1 lakh for secondary account holder. Debit card must be used at least in 90 days.
  • If you Opt for our Signature credit card than Rs 10 lakh Accident death cover will be provided additional.
  • Free Internet Banking facility with Self User Creation Option .
  • Deduction of TDS is deposits: Form 15(G)/ lS(H) can be deposited in any branch
  • Facility of viewing 10 months pension slip through internet banking.
  • Digital Life Certificate:-Life certificate can be submitted digitally at http://jeevanpramaan.gov.in/
  • Free Mobile Banking facility .
  • Debit card and Credit card control over your Mobile phones .
  • No Issuance and Renewal Charges of debit card and credit card .
  • Green Pin Facility to change and generate your ATM PIN
  • A/c holder can subscribe to family Medical Health Policy of Rs 5.00 lakh at competitive premium .
  • Pension disbursement is made easy and hassle-free
  • Mobile Banking (U Mobile App):- UBI provide following facilities in our U-Mobile App:•
    • Immediate fund transfer facility
    • Apply for loan from mobile.
    • Instant Fixed Deposit and Recurring deposit opening and closing option. Debit card control facility.
    • Passbook viewing facility.
    • Recharge and Bill payment option.
    • Cheque book apply and stop cheque payment option. Live ATM tracking facility.
  • Union Cash Loan Facility – Special loan scheme for Retired BSNL employee having pension account with us, with very competitive rate of interest.
  • Agriculture loan Facility
  • Managing Disbursement for loan – Special priority with special rate of interest for retail loans .
  • All Loans (Home loan, Car loan, Education Loan, Personal Loan)are available at competitive rates.
  • No Prepayment Charges and No Foreclosure charges of any loan account
  • Debit Card/Credit Card Reward points: Our Bank is already running a loyalty rewards programme for debit/credit card holder wherein rewards points will accrue in the rewards account of the account holder for spends on POS and Internet. The rewards points will be redeemable against attractive gifts at www.unionrewardz.com
  • Govt. Small Saving Schemes – UBI provide all Govt. Small Saving Schemes like PPF, Sukanya Samriddhi scheme, Senior citizen scheme, Nation Pension Scheme, Atal Pension Yojana and many more
  • Wealth Management – Our bank is having our own Mutual Fund (Union Mutual Fund) and Life Insurance (Star Union Dai-Chi) company. Other than these, UBI also offering Religare Health Insurance products under Health Insurance, Cholamandalam General Insurance and Bajaj Allianz General Insurance products under General Insurance, and all Union Bank branches are having customer relationship manager who can offer multiple investment products as per the need of your staff members.

Union Bank of India request all BSNL employees to provide us an opportunity to serve your esteemed institution and its employees by opening their pension accounts with our Union Bank of India, and UBI assure you our best and prompt service and look forward to your positive response with various services (Deposits, Loans, Pension disbursement)