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CORRESPONDENT BANKING
Union Bank of India has correspondent banking relationship with more than 1100 international banks over 90+ countries. The banks are selected with great care to ensure that our customers get the best and most reliable service in the foreign lands at most competitive rates.
A wide network of correspondent banks helps our customers in the following ways:
Our Importer clients can have their import LCs established through us and advised by our correspondents spread over the globe. As our bank has good standing in the international market, the LCs established by us are accepted internationally. Nonetheless in case the supplier wants our LCs to be confirmed by a bank in the country of the supplier, our correspondents will be pleased to add their confirmation to the LCs established by us. Outward Remittances towards imports payment and for other purposes will be effected with ease as per FEMA regulations. Quick collection of Export Bills and clean instruments through the wide network of correspondents. Our adequate drawing arrangements with a number of our correspondents. Remittances by way of DD / TT /FLASH/ Swift can be effected through any of our correspondents worldwide. We also have Nostro Accounts in most of the permitted currencies. You can remit funds to India in any of these currencies by instructing to your bankers abroad to remit the funds to our Nostro Account maintained in that particular currency. Full details of your account in India in any of our branches or with any other bank may kindly be furnished along with your payment instructions. It is also requested that the purpose of the remittance be stated so that the funds can be disposed accordingly.
List of NOSTRO accounts is as under:
Sr. No.
Currency
Account Number
Name of Nostro Bank
SWIFT Code
1
USD
6550692276
BANK OF AMERICA N.A- NEWYORK
BOFAUS3N
2
10929227
CITIBANK N.A. - NEW YORK
CITIUS33
3
0011407368
JPMORGAN CHASE N.A - NEWYORK
CHASUS33
4
3582091780001
STANDARD CHARTERED BANK - NEWYORK
SCBLUS33
5
8033163429
THE BANK OF NEWYORK MELLON - NEWYORK
IRVTUS3N
6
2000193008506
WELLS FARGO BANK INTERNATIONAL, NEWYORK
PNBPUS3NNYC
7
36397212
Not for Customers
Only for UBI internal use
8
6550592083
BANK OF AMERICA N.A- NEWYORK (eCB Nostro)
9
36153818
CITIBANK N.A. - NEW YORK (eAB Nostro)
10
GBP
43156664
BARCLAYS BANK PLC - LONDON
BARCGB22
11
33916800
DEUTSCHE BANK, LONDON
DEUTGB2L
12
00264243
HSBC BANK PLC (FORMERLY MIDLAND BANK) - LONDON
MIDLGB22
13
0444019
NATWEST (NATIONAL WESTMINSTER BANKPLC) - LONDON
NWBKGB2L
14
01708176601
STANDARD CHARTERED BANK
SCBLGB2L
15
EUR
0210483300
BARCLAYS BANK IRELAND PLC, FRANKFURT
BARCDEFF
16
100 953408200
DEUTSCHE BANK - FRANKFURT
DEUTDEFF
17
6231608842
J P MORGAN AG, FRANKFURT
CHASDEFX
18
001016201290
SOCIETE GENERALE S.A , PARIS
SOGEFRPP
19
018146210
SCBLDEFX
20
50040000/400875085300EUR
COMMERZBANK - FRANKFURT
COBADEFF
21
FR7630056008290829000025518
HSBC CONTINENTAL EUROPE
CCFRFRPP
(Under Process- not Live)
22
AED
1001396447
COMMERCIAL BANK OF DUBAI, DUBAI
CBDUAEAD
23
1261048513901
EMIRATES NBD BANK PJSC DUBAI
EBILAEAD
24
SAR
55535337000105
NATIONAL COMMERCIAL BANK - JEDDAH
NCBKSAJE
25
CAD
31441046065
BANK OF MONTREAL, TORONTO
BOFMCAT2
26
0360-01-2253335
TORONTO DOMINION BANK
TDOMCATT
27
SGD
1013991346
UNITED OVERSEAS BANK LTD SINGAPORE
UOVBSGSG
28
037000366-2
DBS SINGAPORE LTD
DBSSSGSG
29
JPY
424123401000008
BANK OF INDIA - TOKYO
BKIDJPJT
30
5358
SUMITOMO MITSUI BANKING CORPORATION
SMBCJPJT
31
HKD
6896015267.00
JPMORGAN CHASE BANK N.A , HONGKONG
CHASHKHH
32
AUD
202945AUD00001
ANZ BANK (AUSTRALIA & NEW ZEALAND BKG GROUP LTD)- MELBOURNE
ANZBAU3M
33
CHF
02300000086131050000Z
UBS (UBS GROUP AG), ZURICH
UBSWCHZH80A
34
0070001299247
ZUERCHER KANTONAL BANK, ZURICH
ZKBKCHZZ80A
35
NOK
7001.02.04176
DEN NORSKE BANK - OLSO
DNBANOKK
36
SEK
39527907365SEK
NORDEA BANK AB -STOCKHOLM
NDEASESS
37
ACUD
1977938
BANK OF CEYLON - COLOMBO
BCEYLKLX
38
IDA1192905
MYNMAR FOREIGN TRADE BANK - YANGON
MFTBMMMY
39
15000480401
STANDARD CHARTERED BANK, PAKISTAN
SCBLPKKX
40
05150250020001
SBI DHAKA
SBINBDDH
(Under Process- not Live
41
NZD
202945NZD00001
ANZ BANK (AUSTRALIA &NEW ZEALAND BKG GROUP LTD)- Auckland
ANZBNZ22058
42
MYR
1196516001
INDIA INTERNATIONAL BANK MALAYSIA- BERHAD (IIBMB)
IIMBMYKLXXX