After demonetisation in india, Use of Union Bank of India Debit Card, Credit Cards, UPI payments, and online banking has increased significantly. Union Bank of India is well known Bank in India. Union Bank of India provide various services to its retail as well as corporate Bank customers. Union Bank of India Bank Account holders can avail services like Fund transfer, Bill Payment, Apply for a new Union Bank of India Debit Card, Apply for a new Union Bank of India Credit Card, open a new FD/RD account and book tickets and much more without paying any additional charges or fees provided that they have an internet connection and their mobile number is registered with the Union Bank of India.
Union Bank of India is one of the largest Indian government-owned banks of India with 120+ million customers and a total business of US$106 billion. After the amalgamation with Corporation Bank and Andhra Bank, which came into effect on 1 April 2020, the amalgamated entity becomes the fourth largest bank in terms of branch network. UBI now has around 9500 branches after the amalgamation. Four of these are overseas in Hong Kong, Dubai, Antwerp, and Sydney.
UBI also has representative offices at Shanghai, Beijing and Abu Dhabi. Lastly, UBI operates in the United Kingdom through its wholly owned subsidiary, Union Bank of India (UK). Union Bank of India was the anchor bank for both Andhra Bank and Corporation Bank, which came into effect on 1 April 2020 as announced by finance Minister of India Nirmala Sitharaman.
Union Bank of India offer a wide range of debit cards to their customers to choose.
Debit Card is an instrument that can be used to:
Union Bank of India debit card come with a wide range of benefits for its bank customers. Using this Card, ATM Services and purchase facility at Point Of Sale (POS) Terminals can be availed by the Union Bank of India Card Holders. ATM Card holder of our Bank is also able to use ATMs of NFS and VISA member Bank
|Service Charges (with effect from 01.04.2020)|
|Charges for 1st year of usage||Nil|
|Charges for subsequent year to be charges annually from the date of card issuance.||For other than waived accounts as above.
Classic – Rs. 125 + GST
Platinum – Rs. 150 + GST
Signature – Rs. 200 + GST
Business – Rs. 200 + GST
|Card Reissuance upon loss / damage etc||Rs. 100 + GST|
|Generation of physical debit card PIN despatched to branch.||Rs. 50 + GST|
|Cash withdrawal at other Bank’s ATM||Beyond free transactions as above.
Rs. 20/- + GST
Non Financial Transaction-
Rs. 8/- + GST
All International financial transactions:
Rs. 125 + GST
All International non financial transactions:
Rs. 35 + GST
|Currency conversion charges for International financial transaction amount.||2.5 % of transaction amount|
|Account Tier Classification||Card Variant|
|Average quarterly Balance||Less than Rs. 3000/-||Rs.3000 & above|
|Daily withdrawal limit –ATM||25,000/-||40,000/-|
|Daily shopping limit-PoS||25,000/-||60,000/-|
|Total Daily limit||50,000/-||1,00,000/-|
Union Bank of India - Union Bank of India: offers different types of debit cards choose from the list given below based on your preference and charges and advantages you are getting with these Union Bank of India Debit Cards.
|Account Tier Classification||CARD VARIANT|
|Average quarterly Balance / Account Balance||Nil||AQB of Rs.5000 and above or balance of Rs.15000 at the time of issuance of the card||AQB of Rs1,00,000/- or Balance of Rs.50,000 at the time of issuance of the card||AQB of Rs1,00,000/- or Balance of Rs.40,000 at the time of issuance of the card|
|Daily withdrawal limit -ATM||25000/-||75000/-||1,00,000/-||1,00,000/-|
|Daily shopping limit-PoS||50000/-||150000/-||3,00,000/-||3,00,000/-|
|Total Daily limit||75000/-||225000/-||4,00,000/-||4,00,000/-|
Union Bank of India Business Platinum Debit card on VISA platform is available for current account holders of our Bank under a) Individual b) proprietorship c) Partnership and d) HUF (Karta). It enables easy and anytime, anywhere access to cardholder’s own funds.
The following are the features of Union Bank of India Business Platinum Debit card:
|*Average quarterly Balance to be maintained||Rs. 1 lac and above|
|Daily withdrawal limit –ATM||Rs. 50,000|
|Daily shopping limit-PoS and online||Rs. 2 lacs|
|Total Daily limit||Rs. 2.5 lacs|
|Insurance amount||Accidental death insurance of Rs.2 lacs will be applicable to each partner to whom debit card will be issued.|
*Union Bank of India Business Platinum Debit card shall be issued only to those current account holders who maintain AQB of Rs.1 lac and above
Yearly charges of Rs 500.00 plus GST shall be levied to the card holder for non-maintenance of AQB of Rs 1 lakhs from the next quarter.
Other benefits of Business Debit card given by VISA to card holders:
a)Lounge access program
Visa lounge access program allows 2 complimentary accesses per quarter to Business Platinum cardholders
b)Visa Commercial Offers
Visa has a suite of exciting and relevant offers that make doing business more rewarding with Visa Business Cards. The offers are spanned across categories like Accommodation, Business Travel, Business Services, Car rental, Office Spaces, etc. Discount varies from 15% to 25 % depending on the services availed by the card holder.
Tired of waiting in queue at retail outlets for your small purchases? Try our Union Bank Contactless Debit Card for payments below ₹ 2000/- and save your time. To delight you more, we have waived the average quarterly balance requirement to avail it.
|Classification||VISA Paywave (Contactless)|
|Average quarterly Balance||Not Applicable|
|Daily cash withdrawal limit – ATM||Rs. 25,000/-|
|Daily shopping limit-PoS & internet||Rs. 25,000/-|
|Total Daily limit||Rs. 50,000/-|
|Per transaction limit for contactless mode||Rs. 2,000/-|
|Per day max. limit for contactless mode transactions||Rs. 5,000/-|
|Per day Max. number of contactless transactions per day||5|
|Issuance Charges||Rs. 150/- plus GST|
|Accidental insurance covered||Rs. 2,00,000/-|