April 26, 2023

Union Bank of India Net Banking - Login, Registration, & Online Banking

Whether you wish to simply view your account statement and transaction details or you want to transfer funds to your own or third party bank account or you want to transfer funds through RTGS/NEFT or you want to make your tax payments, utility bill payments, book your air and railway ticket, pay your insurance premiums or make your mutual fund and credit card payments, Union Bank of India's net banking services makes all of the above transaction a breeze.
You can execute all of the above transactions 247365 from a location of your convenience.
Ranked among the top five Public Sector Banks ( PSB), Union Bank of India has wide geographical reach across India especially after the amalgamation of Andhra Bank and Corporation Bank into Union Bank ( which has been effective since 2000).
As a nationalised bank, the Government holds a majority stake in Union Bank pegged at 83.5% (as on June 30, 2021).
Founded in 1919, headquartered in Mumbai, the bank has a strong domestic footprints with 8850+ domestic branches and also has three branches overseas, Hongkong, UAE and Australia. The bank has an asset base of ₹1064937 crore ( FY2021) backed by a comprehensive solutions portfolio.
Hope by now you are eager to open a netbanking account with Union Bank of India.

Let us understand the nuances of opening such an account.

For starters, you must have at least one operating account with any authorised branch of Union Bank of India.
Secondly, the customer would have to create his/her password through;
  • Self user creation and reset password modules
or
  • Send in an application to the bank branch for a printable form of password.
It is important to note that while the password generation through self user mode is free of charge, for the printable option a service charge of ₹150 as postal charge and ₹30 per password is applicable to retail customers.
Thirdly, as a customèr, you can access the following channels to access the net banking services of Union Bank:
  • For example, if you have an ATM cum debit card, then you can create a net banking user id and password by logging into the bank's web portal www.unionbankonline.co.in and using its 'self user creation' module. You could also reset/generate passwords through the 'self user creation module' without the hassle of visiting the branch.
  • For customers who don't have an ATM cum debit card and still wish to apply for net banking services with Union Bank may do so by logging to the bank's web portal www.unionbankonline.co.in and navigate through the ' self user creation module' to create their user id and password. It is important to note that in this case the customer would be granted only ' viewing access' . In case you wish to access ' transaction access' you then have to create a 'transaction password' through the forgot/reset password page.

Let us understand the nuances of activating Union Bank net banking through the Self user creation method.

  • To begin with, login to the official web portal of Union bank at www.unionbankonline.co.in
  • Navigate through the home page and press the ‘Self User Creation’ option tab. A new page would open up with two options.
    1.Online Self User Creation – Retail users having a debit card
    2.Online Self User Creation (view only facility) – Retail users without debit card.
  • Select one of the above options and press ' Continue**'**
  • Fill in the relevant fields with details pertaining to account number, DOB, PAN, and press ‘Continue’
  • You can now enter your debit card number, PIN, any one of the last five transactions. Press ‘Submit’
  • You will now see your user-id and name displayed. will be displayed. Verify and then press 'Continue’.
  • You can now set your login and transaction password and press the ‘Submit’ tab.
  • It is important to note that it would take ~24 hours for the bank to validate your request and register your account for net-banking services.
  • Once processed, you will receive a confirmation message on your registered mobile number
  • You can log-in to Union Bank Net-banking with your user-ID and password after 48 hours.
  • It is advisable to reset your netbanking password as a part of good cyber practices.
  • Just login to the bank's web portal and press the ‘Forgot/Reset Password’ tab on the home page.
  • Alternatively, you can also get a printed password couriered to your registered mailing address.

Frequently Asked Questions (FAQs):

Q. What are some of the important guidelines with regards to netbanking password?

  • It is compulsory to change the automated generated password at the time of your first login.
    • It is advisable to keep changing your password once every three months.
    • Your password has to be a complex mix of alphabets, numbers and characters, alphanumeric with minimum 8 and maximum 14 characters.
    • Do not share your password with absolutely anyone.

Q. What is the threshold limit for fund transfer with Union Bank net banking?

A limit of ₹5lacs per day has been set. The customer just needs to type the beneficiary's valid account number and IFSC code to initiate the fund transfer.

Q. What is the customer ID in Union Bank of India? Is it the same as user id?

Every netbanking customer at Union Bank is issued a 9 digit unique number, your customer id with the help of which you can carry out your internet banking transactions.
Yes, the customer is the same as the user id.
In fact, your chequebook has the customer ID printed on its first page.
It is important to note that your user ID is disabled if there are 3 incorrect attempts to log on to your netbanking account.

Q. What are some of the 'dont's i need to be aware of so as to ensure safe and secure netbanking transactions?

  • To begin with, never share your netbanking confidential details such as user id, password, account number or card details with anyone in any form of communication.
    • Beware of any communication from look alike websites. Always visit the bank's official web portal and not through links provided in emails or third-party websites.
    • Do Not respond to any pop-up windows asking for any confidential information.

Q. What are the important documents required for self user creation of a netbanking account?

  • Debit card and PIN
    • Account Number (linked to your Debit Card)
    • Date of Birth or PAN number
    • Details of any 1 out of the last 5 transactions for the above account.
    • Your mobile number & e-mail id should be present for above account at branch (one time activity)

Q. Is there a customer redressal cell for net banking customers?

In case you face any issues with net banking platform, for troubleshooting, you may call the customer care cell, available 24*7 across India at toll-free Number - 1800 208 2244/1800 22 22 44 or at tolled customer Care No.- +91-80-61817110 to register your queries, issues and concerns.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility
Apple Logo
Downloadlogo
iOS App
Google Play Logo
Downloadlogo
Android App

RELATED ARTICLES

What are the Indian Overseas Bank Timings?

Founded in 1937 by Mr M. Ct. M. Chidambaram Chettyar and later nationalised in 1969, Indian Overseas Bank ( IoB) is one.of prominent public sector undertaking with the Government of India being its majority stakeholder with its share pegged at 96.38%. Headquartered in Chennai, the bank has a strong domestic presence with a network of 3,221 domestic branches, 4 overseas branches across Singapore, Hongkong and Bangkok. With an asset base of ₹2.74 lakh crores, IoB offers a comprehensive set of solutions through traditional and digital channels. For example, IoB's netbanking offers a wide array of solution such as : - Balance enquiry - Last Few transactions - Account Statement - Cheque Paid Status - Deposit Opening - Deposit Closure/Deposit Renewal - Transfer money to any of your bank accounts which can be availed 247 , without visiting your bank branch. However, if you have an offline/ physical account with IoB, you need to visit your bank branch to avail services related to passbook printing, account opening, cash deposit and withdrawal, cheque clearing, remittances and government transactions, and note exchange etc. Whether you opt for a traditional banking account or digital or a blend of both, it is very critical that you are aware of your bank's working timings, its holiday list in advance so that you are better prepared to schedule your banking activities and handle emergency situations. Let us take a look at IoB's working hours and holiday list.

5 Smart Financial Tips for Young Adults

Summary: Your 20s and 30s are a crucial time to start building a strong financial future. By making smart money decisions now, you can set yourself up for success later in life. In this blog post, we'll share five essential financial tips for young adults, including budgeting, saving, investing, and retirement. Money management secures your future, whether that's covering an unexpected bill or saving for a significant purchase. It involves budgeting, saving, and investing – essential skills for a stable financial future that are frequently overlooked in education. This blog will guide you through five practical financial tips that are simple to understand and apply. So, let's get started. Top 5 personal financetips for young adults Handling your money well is key—it's what keeps you secure when life throws surprises and helps you grow your savings for the future. It's about saving where you can, investing with a plan, and not spending more than what comes in. Nailing these basics can turn things around for you. So here they are, the top five financial tips for young adults: - Create a budget and track your expenses Budgeting is about tracking your income and expenses to make sure you spend less than you earn. It's creating a plan for your money, so you're in control of where it goes. Let's say you bring home INR 30,000 a month. You might allocate INR 10,000 for rent, INR 7,000 for food, and INR 3,000 for travel. Out of what’s left, you could put INR 5,000 into savings for emergencies or future goals, and the remaining INR 5,000 could cover your mobile plan, internet, or a weekend outing. This way, you've got your expenses covered, your savings on the rise, and still keep some money aside for leisure and unexpected needs. It's about making intentional choices so that you can balance today's needs with tomorrow's plans. - Start saving today Saving helps you build an [emergency fund](https://upstox.com/market-talk/emergency-fund-101-how-to-start-and-why-its-crucial-for-your-finances/), a cushion of money for unexpected expenses or emergencies. It also enables you to reach your short-term and long-term goals, like buying a car, going on holiday, or starting a business. A good rule of thumb is the 50/30/20 strategy. After you've covered your necessary expenses, 50% of your income, allocate 20% directly to your savings. For a monthly income of INR 30,000, that's INR 6,000 going into your savings each month. You can channel these funds into [mutual funds](https://upstox.com/learning-center/mutual-funds/the-basics-of-mutual-funds/), which often yield higher returns over time compared to a regular savings account. The remaining 30% of your income can then be used for discretionary expenses. By sticking to this rule, you automatically prioritise your financial future every month, steadily building a fund that can support big life events or tide you over during tough times. - Invest your money wisely Investing allows your money to actively work for you by acquiring assets that may generate income or appreciate over time. It's a handy way to grow your funds, beat inflation, and hit major milestones like buying a house, funding your studies, or setting up a cosy retirement. Take mutual funds, for instance. You can start small with SIPs from INR 500 and gradually build a mixed bag of investments. If you're not big on taking risks, a balanced mutual fund could be your thing, offering a steady blend of stocks and bonds. Make sure your investment picks match how much risk you're okay with, how long you plan to invest, and what you're hoping to achieve financially. - Plan your retirement ahead Retirement may feel like a dot on the horizon, but the earlier you begin, the better off you'll be. Consistently contributing a manageable amount, say INR 2,000, to a retirement plan like the [NPS](https://upstox.com/saving-schemes/nps-national-pension-scheme-india/), each month can amass a substantial sum over the years. This is where compounding comes into play – the interest you earn starts earning interest of its own, and over time, this growth accelerates. So, by starting in your 20s, you give your savings the longest possible time to expand, ensuring you a more comfortable and financially secure retirement. - Understand taxes Familiarising yourself with tax-saving opportunities, like investing in the [public provident fund (PPF)](https://upstox.com/saving-schemes/public-provident-fund-ppf-interest-rate/) and [equity-linked savings schemes](https://upstox.com/learning-center/mutual-funds/what-is-elss-and-how-to-invest-in-elss/) (ELSS) under Section 80C, can make a big difference to your finances. For those in a higher tax bracket, directing up to INR 1.5 lakh into a PPF can significantly cut your taxable income. This astute handling of taxes ensures you're not just meeting legalities but also retaining more income for your aspirations. Your best investment is in your financial education. Stay informed about financial products and market trends. This doesn't mean you need to become an expert overnight but understanding the basics of investments, insurance, and savings will help you make smarter decisions. Wrapping up: Key points to remember - Begin with small investments and increase over time, balancing risk with a mix of assets for long-term growth. - Small, regular contributions to a retirement fund can grow significantly, thanks to compounding interest. - Investing in options like PPF and ELSS can reduce taxable income and maximise savings. Note: To help plan your trading activities and investment strategies, find here the [NSE Holidays 2023](https://upstox.com/stocks-market/nse-holidays-2023/), [BSE Holidays 2023](https://upstox.com/stocks-market/bse-holidays-2023/), [MCX Holidays 2023](https://upstox.com/stocks-market/mcx-holidays-2023/), and [Muhurat Trading 2023](https://upstox.com/stocks-market/muhurat-trading-2023/). Also see here to know more about the [stock market timings](https://upstox.com/stocks-market/nse-bse-share-market-timing-in-india/).

Bank Timings in India - Lunch Timings & Working Hours

Banks are financial institutions that provide services, such as accepting deposits, providing loans, and facilitating financial transactions. Banks have set timings for their operations, which may vary depending on the location and type of bank. Customers who wish to conduct business at the bank must be aware of the regular bank hours. Generally, banks are open from Monday to Friday and remain closed on weekends and national holidays. In India, banks are open from 9:30 am to 5 pm. This article discusses the general bank hours on weekdays and Saturdays, lunch hours, RBI bank hours, and NEFT and RTGS hours. Let's take a look.

SBI ATM PIN Generate

- Do you need to swipe your debit/credit card at PoS? - Do you need to withdraw cash at an ATM? - Do you need to access your netbanking account? - Do you need to order a new cheque book, stop payment of a cheque or change your coordinates ( email id, phone number, mailing address)? In all these scenarios, you need to generate a PIN- a four digit number, a security code for identifying you and verifying your financial transaction. Without the PIN, you will not be able to access your debit/credit card or withdraw cash from an ATM. Let us take an empirical example of SBI ATM PIN. This 4-digit code can be generated for both new and existing account holders of SBI through various banking channels such as: - Green PIN - SMS Banking - Customer care - Netbanking1. Green PIN- code generation To generate the 4- digit code via the Green PIN channel, you need to follow a series of simple steps: - Drop by to your closest SBI ATM and select the PIN generation tab on the screen. - Now type your 11 digit account details, followed by your registered mobile number and click on the ‘confirm tab. - Another screen opens up, acknowledging you for becoming a part of this green initiative. - You will then receive a validation message, once the PIN has been generated. - Subsequently, an OTP would be sent on your registered mobile number carrying a validity of 2 days. - Finally, with the OTP details, just drop by the nearest ATM and press the ‘Banking>PIN Change’ option and type the OTP details.