Union Bank of India has reached the milestone of 3000 ATMs and has introduced a host of new products and services on ATMs. With this, the ATMs of the bank are now known to be SampUrna ATMs. The bank has introduced three remittance products on ATMs viz. NEFT, IMPS and Union eCash. All these remittance products will support online transaction and provide SMS confirmation to the sender and receiver.
National electronic funds transfer (NEFT) which up till now is available through branches and internet is now made available through ATMs also. Interbank Mobile Payment Service (IMPS) is interbank funds transfer utility using mobile number and MMID (Mobile Money Identifier). The service for the first time is being introduced on ATMs. Besides, Union eCash will enable remittances to anyone based only on mobile number alone. No account number or bank/branch codes are necessary. The beneficiary can draw money from any of the Bank’s ATMs using a pair of codes, generated during the transaction.
The bank has also introduced the facility of investments into its own mutual fund Union KBC AMC through ATMs. Union Bank debit card holders having an existing folio with Union KBC MF can now conveniently make their mutual funds investments through ATM. They can also make redemption requests.
The bank has also enabled self generation of ATM pin for customers. Customers of bank will be able to generate the ATM PIN on their own, by calling the toll free IVR using their registered mobile number in two easy steps. Hereafter Union Bank Customers need not wait for receiving the regenerated PIN through PIN Mailers.
Union Bank also unveiled Student Combo Cards. These cards serve dual purpose of Debit card as well as Identity cards. Further, the bank has tied up with Loyalty Rewardz for offering reward points on card transactions at merchant establishments and internet.
| Company Name | CMP |
|---|---|
| SBI | 812.50 |
| Bank Of Baroda | 240.30 |
| Canara Bank | 99.65 |
| PNB | 100.70 |
| Union Bank Of India | 116.60 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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