Untitled Page
All-India Toll Free number1800 22 22 441800 208 2244 All-India Toll Free number for PMJDY Scheme1800 22 22 43
Dedicated Number for NRI+918025302510 Link your Aadhaar Number new Update your FATCA/CRS Details new
 
 
facebaook twitter Instagram   YouTube
Network
HONG KONG BRANCH

Details
Hong Kong Branch

The Bank has opened its first full-fledged branch at Hong Kong on 7th May 2008 to cater to growing bilateral trade needs of India. The Branch carries out all normal banking operation to cater to diversified needs. The Branch has state of the art facilities to help service customers.

Address

Union Bank of India
Suite 1903-04
19th floor
Nine Queen’s Road
Central, Hong Kong
Tel No : 852-25242389
852-25242398
Fax No : 852-25242223
SWFIT UBINHKHH

CEO Mr. 
B. Sreenivasa Rao

Tel No : 852-2524 2221
E Mail :
ce.hk@unionbankofindia.com

Head Office (India):
Shri. Pranab Kumar Saha
General Manager,
Tel. No: +91 22 22896311


1. Notice for Empanelment of Periodic Auditors Hong Kong Branch

2. Notice for Empanelment of Statutory Auditors Hong Kong Branch

Product & Services offered at Hong Kong Branch

Deposit Schemes :

  • Savings Bank accounts in Hong Kong Dollars, US Dollars, EURO, GBP by individuals either singly or in joint names.
  • Current accounts in HKD, and major Foreign Currencies by individuals either singly or in joint names / Partnership concerns / Limited companies / Societies / Proprietorship concerns.
  • Short / Fixed Deposit Deposits with attractive interest rate in HKD, and major Foreign Currencies by individuals, Companies and Societies with automatic rollover on maturities.

 

UNION BANKOF INDIA, Hong Kong is a member of the Deposit Protection Scheme. Eligible deposits taken by this Bank are protected by the Scheme up to a limit of HK$500,000 per depositor.

Savings Bank interest is reduced from 1 % to 0.50% w.e.f 01.04.2013 

Prime Lending rate in  Hong Kong for  Hong Kong Dollar is  5.75% pa

and for US Dollar  is 5.5% pa.


It is decided to revise interest on Savings Bank accounts to 0.50% w.e.f 01.04.2013 in view present market scenario.   Interest will be paid on half yearly rests.  Interest will be paid only if interest payable is atleast  HKD25 or USD 6.25 for Savings A/cs in HKD  and USD respectively

Trade Finance :

  • Letter of Credit (L/C) – opening / Advising / confirming.
  • Negotiation of Export L/C at competitive rates.
  • Financing Import Transaction – Loan – Trust Receipt.
  • Collection of Bills – Import / Export.
  • Shipping and other Guarantees and standby L/Cs.
  • Financing for Buyers Credit / Suppliers credit at competitive rate.
  • Export Bills purchase and discounting.
    Other Forms of Trade Finance. 

Corporate Credit / Loans :

  • External Commercial Borrowing.
  • Structured facilities to suit to your every need.
  • Loan and Syndication. 

Treasury Products :

  • Fine and competitive Quotes.
  • Hedging Currency risk.
  • Swaps & Options.

Remittance Services :

  • Demand Draft in INR, USD and HKD currencies.
  • Online remittance to all Union Bank of India branches and RTGS/NEFT enabled branches of other bank in India.
  • Transfer via S.W.I.F.T to any global location in all major currencies. 

The rate of interest on deposit in HKD, USD, EUR, GBP w.e.f from 07.03.2016 is as under

 

Period HKD USD EURO GBP
1 Month 0.10 0.30 - 0.20
3 Months 0.50 0.60 - 0.50
6 Months 0.70 0.90 0.15 0.80
9 Months 0.70 0.95 0.25 0.85
12 Months 1.30 1.40 0.30 1.00

*       The rates are applicable for Deposit of USD 1 Million and below

*       For Bulk Deposit of USD above 1 Million please contact the branch.

 

DISCLOSUREON REMUNERATION

Nostro Account Details :

SWIFT ADDRESS: UBINHKHH

 

Bank Name & Swift Address

Currency

Place & Cut off time

A/C Number

The Hong Kong and Shanghai Banking Corporation Ltd.
HSBCHKHH

HKD

HONG KONG, (REMITTANCE TO BE SENT BEFORE 2.00 P.M. (IST) FOR SAME DAY VALUE DATE)

808-387203-001

JPMorgan Chase Bank, N.A
CHASUS33

USD

NEW YORK

793616103

Societe Generale Paris,
SOGEFRPP

EUR

PARIS

001016148820

Standard Chartered Bank
SCBLGB2L

GBP

LONDON

01255496801

RTGS Settlement A/c :

RTGS Code of Union Bank of India, Hong Kong

268

Bank Name & Swift Address

Currency

Place & Cut off time

A/C Number

The Hong Kong and Shanghai Banking Corporation Ltd.,
HSBCHKHH

 USD

HONG KONG, (REMITTANCE TO BE SENT BEFORE 2.00 P.M. (IST) FOR SAME DAY VALUE DATE)

808-387203-230

STANDARD CHARTERED BANK
SCBLHKHH

EURO

HONG KONG, (REMITTANCE TO BE SENT BEFORE 2.00 P.M. (IST) FOR SAME DAY VALUE DATE)

447-0-942771-1

 

 
We are writing this letter to you with an intention to thank you and your entire team in Hong Kong branch as well as entire International Bank Division (IBD) in your head office in Mumbai.
Untitled Page