Categories: Banking

Union Bank unveils 4 new deposit options for women, retirees, and co-ops

Union Bank of India has debuted four specialised bank accounts catering to different segments of the population, namely women, women entrepreneurs and professionals, pensioners, and cooperative housing societies.

Key Points:

  • Another account that targets women is the Union Samriddhi, which empowers women through a safe and convenient savings and financial management outlet, offering the same benefits as Union Unnati.
  • The Union Samman, on the other hand, is a savings account intended for pensioners, with door-step banking, personal accident coverage, discounts in loan interest rates and processing fees, and free health check-ups.

Important Takeaways For All Competitive Exams:

  • CEO of Union Bank of India: A. Manimekhalai
  • Chairman of Union Bank of India: Shri Srinivasan Varadaraja
  • Union Bank of India founded in: 11th November 1919

Find More News Related to Banking

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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