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When it comes to running a business, every decision you make can impact your bottom line. This is especially true when it comes to choosing the right banking partner and account type.
Union Bank of India offers a range of Current Accounts tailored to suit the diverse needs of businesses, from small traders to large corporations. Let’s explore how you can maximise your business efficiency with Union Bank of India's current accounts, highlighting their features and benefits.
Benefits of Using a Current Account
For a company owner, a Current Account is important. When it comes to business operations, current accounts are the best option because they are made to handle frequent transactions, unlike savings accounts.
Some major advantages of having a Current Account are as follows:
Why You Must Choose Current Accounts from Union Bank of India?
Union Bank of India offers a variety of Current Accounts that cater to the specific needs of different businesses. Let’s take a closer look at some of the options available:
#1. Current Account (CD General)
The Current Account (CD General) is a versatile account suitable for individuals, sole proprietors, partnerships, corporations, and more. Here are some features:
This account is perfect for businesses that require a straightforward solution with easy cash handling and moderate transaction volume.
#2. Union Classic Current Account (UCCA)
For traders, corporate customers, and business entities looking for premium services, the Union Classic Current Account (UCCA) is an excellent choice. Here's what it offers:
This account is ideal for those who need a higher transaction limit and additional banking perks.
#3. Union Micro Digital Current Account (UMDCA)
Designed for small traders and retail businesses, the Union Micro Digital Current Account (UMDCA) is aimed at those with a lower turnover but who wish to embrace digital payments:
This account is perfect for small businesses looking to integrate digital transactions into their operations while maintaining a low average balance.
#4. Union Classic Current Account for Banks (UCCA-B)
The Union Classic Current Account for Banks (UCCA-B) is specifically tailored for banks, including cooperative banks and RRBs :
This account is designed to streamline banking transactions and facilitate large-scale remittances efficiently.
#5. Union Unnati Current Account (UNNCA)
Our bank has introduced special current account for women- UNION UNNATI. The scheme has been designed that it shall not only help a woman in achieving entrepreneurial goals but also provide ease of banking.
This account allows women to have their own banking relationship and manage their finances independently.
#6. UNION RERA Current Account
The Union RERA Current Account is a specialised account for real estate developers in compliance with the RERA Act 2016.
This account ensures compliance with regulatory requirements while offering structured financial management for real estate projects.
#7. Union Trade Current Account
The Union Trade Current Account is geared towards businesses engaged in import/export and foreign remittances.
This account provides specialised services for international trade, making it an ideal choice for businesses operating in the global market.
Choosing the right Current Account can significantly enhance your business operations, providing you with the tools and flexibility needed to succeed. Union Bank of India’s range of Current Accounts offers tailored solutions for businesses of all sizes, from start-ups to established enterprises.
By selecting a Union Bank of India Current Account, you're not just opening an account; you're building a partnership with a trusted financial institution dedicated to supporting your business growth and efficiency.
Open your Current Account online today and take the first step towards maximising your business potential!