Union Bank of India Introduced the Union Vyom App and Several New Products on its 104th Foundation Day. Know Here.

0
37


 


The fifth-largest Indian public sector bank, Union Bank of India, celebrated its 104th anniversary on 11th November 2022, since its founding on that date in 1919 when Mahatma Gandhi opened its first head office. On this day, the bank unveiled various new digital products along with a fantastic app called Union Vyom. The bank’s super app, Union Vyom, serves as a one-stop destination for all its financial services.

What is the Vyom App?

The Vyom app is designed to give users a cutting-edge financial experience that allows them to perform transactions outside of the realm of traditional banking. Customers can receive a retail loan, an MSME loan, or a Union bank credit card, invest in more than 5000 mutual fund schemes and buy insurance products.

All of this – and a lot more – can be done with a few clicks on this mobile app. Vyom app also offers products from the lifestyle sector, including the ability to book flights, hotels, gift cards, taxis, donations, and much more.

What Other Financial Products Were Launched?

  • Union Sparsh: This financial product offers touch debit cards made specifically for those who are visually impaired.
  • Union Muskaan: Zero balance savings accounts for those under 18 years of age – having provision of accidental death insurance, term insurance, NEFT, IMPS, and SMS banking at no cost. It also allows you to avail of low-interest student loans.
  • Union Channel Finance: An entirely automated financing option for dealer financing.
  • Union Digi-Sahaj: An online tool for opening accounts that allows you to open a savings account right away.
  • Union SARAS: Stressed Asset Recovery Automated Solution (SARAS) is a website that was created for the quick resolution and efficient administration of stressed assets. It automates every step of the recovery and legal processes from beginning to conclusion.

As you look at the various newly introduced financial products, you may also look at the Union Bank credit card and what features and benefits it offers. Due to its attractive and competitive interest rates for loans and credit cards, Union Bank has a sizable market presence for its various goods and services.

The Union bank credit card is made to meet your demands, complement your lifestyle, and offer you personal benefits. It is also accepted all around the world. These cards have chip technology and strong security measures that support EMV (Europay, MasterCard, and Visa).

How to Apply for a Credit Card at Union Bank?

Both online and offline applications are accepted for the Union Bank credit card. Here is how to apply for a credit card at Union Bank online:

Step 1: Visit the Union Bank of India website or download the Vyom app.

Step 2: Go to the “Credit Cards” section.

Step 3: You will see many Union Bank credit card options. Choose based on what will work best for you.

Step 4: Carefully complete the application form.

Step 5: Submit your application form as well as the required papers.

Step 6: Your Union Bank credit card application process will be completed after that.

Step 7: The bank will determine your eligibility and validate the submitted data.

Step 8: The bank will send you a credit card after the verification procedure.

Step 9: In a few days, your Union Bank credit card will be delivered to the address provided.

Here are steps to apply for a credit card offline:

Step 1: Go to the UBI branch closest to you.

Step 2: Request the Union Bank credit card application form from the officials.

Step 3: Officials will recommend the best card for you based on your eligibility.

Step 4: Fill up the Union Bank credit card application form and send it with the accompanying documents.

Step 5: After that, it will take the bank a few days to finish the verification procedure before your credit card is dispatched to you.

The Bottom Line

A need for banking institutions to speed up their digitization and automation in banking services has been made more apparent by the coronavirus outbreak. But the banking sector needs to modify its business strategies for both front-facing and back-office operations to keep up with the changes and avoid potential future upheavals. True digital banking and a complete transformation are built on implementing the most recent technologies, such as blockchain, cloud computing, and IoT.

The Union Bank of India has ushered into the digital transformation era by launching the Vyom app, along with certain other prominent and efficient financial products. The introduction of the Vyom app and the other products and services strengthens the bank’s commitment to facilitating innovative and effective banking experiences for its customers.




Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here