Union Bank Of India IFSC Code Raisen Branch, MICR code, Address

Last Updated 05th May 2017

IFSC Code of Union Bank of India RAISEN, MICR Code of Union Bank of India RAISEN

Get IFSC Code and MICR code of Union Bank of India, Raisen, Madhya Pradesh branch in RAISEN city along with the address

Bank	Union Bank of India
IFSC Code	UBIN0563811 (for money transfer by NEFT, RTGS and IMPS)
MICR Code	NOT AVAILABLE
Address	House No. 169, Ward No. 16, Bhopal Raisen Road, DIST Raisen, Madhya Pradesh - 464 551
Branch	RAISEN
City	RAISEN
District	Raisen
State	Madhya Pradesh

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Union Bank of India Interest Rates in RAISEN, Raisen

	Interest Rates*	Tenure, Processing Fee
Union Bank of India MCLR Base Rate	9.30%	Past Trend
Union Bank of India Home Loan	8.60% - 8.65% Floating	Get Details
Union Bank of India Loan Against Property	12.20% - 12.20% Floating	Get Details
Union Bank of India Car Loan	9.00% - 0.00%	Get Details
Union Bank of India FD Interest Rate	5.00% - 7.00%	Get Details

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Loan Amount	Cashback
Rs. 1 cr and above	Rs. 5,000
Rs. 75 lakh - less than Rs. 1 cr	Rs. 3,000
Rs. 50 lakh - less than Rs. 75 lakh	Rs. 2,000
Rs. 35 lakh - less than Rs. 50 lakh	Rs. 1,000
Rs. 20 lakh - less than Rs. 35 lakh	Rs. 500
Less than Rs. 20 lakh	Rs. 200

News - May 2017

2017-05-05 : Union Bank raises Rs. 500 crore via bonds
Public sector lender, Union Bank has raised Rs. 500 crore by issuing Basel III compliant bonds. The bank has reported that its issuance of 5,000 non-convertible, unsecured subordinated Basel III compliant bonds as additional tier 1 capital. The bonds will carry a face value of Rs. 10 lakh each aggregating to Rs. 500 crore and will be raised on a private placement basis.
2017-04-11 : Cyber attack on Union Bank of India similar to Bangladesh
A cyber attack on Union Bank by hackers through an e-mail attachment containing malware stole the bank’s access codes for SWIFT (Society for Worldwide Interbank Financial Telecommunications) and transferred around $170 million to a Union Bank account at Citigroup Inc. New York.
2017-03-04 : Union Bank to strengthen its retail and MSME loan portfolio
Union Bank of India is planning to focus on strengthening its business across various loan segments including retail and MSME loans to meet its targets. The bank has reported a decent growth in its share of domestic loans that increased to 54.8 percent during third quarter of FY17 as compared to 51 percent for the corresponding period in FY16.
2017-02-04 : Union Bank of India reduces MCLR by up to 15 basis points across various tenures
Union Bank of India has reduced its overnight and one month marginal cost of lending rates of to 8 and 8.20 percent as compared to 8.15 and 8.35 percent respectively. The revised three months and six months MCLR has been revised to 8.25 and 8.35 percent respectively. The bank has also reduced its three year MCLR by 5 basis points to 8.60 percent. The new rates are effective from 1st February, 2017.
2017-01-02 : Union Bank of India reduces MCLR by up to 90 basis points
Union Bank of India has reduced its overnight and three months marginal cost of lending rates to 8.15 and 8.40 percent as compared to 9.05 and 9.15 percent earlier. The revised MCLR for six months and one year now stands at 8.50 and 8.65 percent respectively. Similarly, three year MCLR has reduced to 8.75 percent as compared to 9.40 percent earlier. The rates are effective from 1st January, 2017.

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