Union Bank of India launched a slew of initiatives such as immediate payment service (IMPS) through branches for its retail and corporate customers; M-passbook; SMS-based value added services, etc.
“Union Bank of India will always be ahead bring in technological convenience to customers,” Chairman and Managing Director Arun Tiwari said.
The bank has become the first lender to launch IMPS through branches for its retail and corporate customers by integrating the platform in its core banking solution, which is fully in house. Under this facility customers can approach any of our branch and request for instant fund transfer. The limit has been set at up to Rs 2 lakh per day.
The digital passbook or M-passbook will enable customers to view account statement on mobile.
The SMS facility has also been launched for customers to avail value added services like blocking debit card, balance enquiry and enable or disable user id of internet banking, among others.
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