Digital Banking > App Banking > Vyom - Union Bank Of India

Vyom - Union Bank Of India

On the auspicious occasion of Union Bank of India’s 104th Foundation Day, we launched the Brand new Vyom, the app to take care of your every banking need.

With the smart app packed with user-friendly features to make your digital banking experience more agile and hassle-free, it’s the perfect partner when you need banking services on the go.

Download the app now to witness your universe of top-notch digital banking.


1. Mutual Fund:

Location: Home Screen -> Invest and Insure -> Mutual Fund

To transform the Mutual Fund Investment Experience of the Customers and increase fee-based income, the Bank has incorporated Mutual Fund STP journey in the VYOM app. 

The key features of the STP journey are as follows:

  1. Enabling Digital Sales of Mutual Fund products on the Vyom App.
  2. 100% Paperless transactions for buying Mutual Funds.
  3. Availability of 5000+ Equity & Debt Schemes from 43+ AMCs.
  4. In-built Investment tools to recommend the best schemes for investments depending upon the risk appetite of the investor.
  5. Comprehensive Research Data on all Mutual Fund Schemes for informed decision-making.
  6. MF transactions like Lumpsum/SIP/Redemption are at the customer’s fingertips.
  7. Transaction Summary and Statement of Account to analyze Portfolio Performance.
  8. Dedicated Helpline to support customers on MF investments.
  9. Analytics-based Digital Marketing Campaigns. 

2. Insurance:

Location: Invest & Insure -> Insurance

To redefine the next-gen insurance distribution ecosystem in the Bank. The Bank has incorporated the STP journey for the purchase of Insurance in the VYOM app. The key features of the journey are

as follows:

  1. Compare policies to choose the right plan and buy in a few clicks.
  2. Buy insurance on the go through the VYOM app
  3. 100% paperless and instant policy issuance.
  4. Quick access to your policy and provision to save the policy digitally. 

3. Lifestyle (Marketplace):

Location: Home screen -> Toolbar -> Lifestyle Icon

Vyom offers customers an in-App facility to book Flight Tickets, Hotels, Cabs, and Bus tickets, purchase Gift Cards, recharge mobile, DTH & Data cards and make donations. 

4. Credit Card STP

Location: Transact -> Credit Card -> Apply Now

Credit Card STP on VYOM will now enhance the ease of application and reduce the time to process Credit Card applications of customers. The journey offered in the all-new VYOM app aims at increasing the credit card customer base of the Bank.

 

5. Union Cash Digital:

Location: Loans -> Union Cash Digital

Union Cash Digital is a personal loan facility offered to customers having a pension account with Union Bank of India. The main objective of the Digital lending scheme is to meet the personal expenses of pensioners like medical treatment, travel etc. 

6. Union Digital Education Loan for Premier Institutes STP:

Location: Loan Section -> Education Loan

Union Bank has introduced a Digital Lending STP journey for the Special Education Loan scheme for Premier Institutes. The scheme is introduced for both existing and new bank customers. 

7. MSME Mudra STP (Shishu, Kishore and Tarun STP):

Location: Loan Section -> Shishu Mudra; Kishore Mudra; Tarun Mudra

Union Bank of India Stands out to support the backbone of our economy and is ready to facilitate numerous small businesses to grow. VYOM provides end-to-end Digital STP journeys for Shishu, Kishore and Tarun Mudra to existing Bank customers. 

8. GST Gain STP:

Location: Loan Section -> GST Loan

Vyom offers End to End STP Digital journey for entrepreneurs filing GST returns through an inbuilt hassle-free assessment based only on GST returns.

 

9. Nari Shakti STP:

Location: Loan Section -> Nari Shakti

The scheme empowers Women Entrepreneurs to avail of instant loans through a seamless End to End STP Digital Journey through the VYOM app. 

10. Digital KCC Loan:

Location: Loan Section -> Kisan Credit Card

The Digital STP Journey is aimed to accelerate the financial connectivity of our farmers with India’s 1st and one-of-a-kind agriculture loan.

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