Union Bank of India- Product

Search

Home You are here : path  Products path Personal path Quick outstation Cheque For Collection

Image   QUICK OUTSTATION CHEQUE FOR COLLECTION [QCC]

UBIQuick
The service is for assured turn around time for collection and payment of outstation cheques (payable in India) on T+ 6 basis developed exclusively for our accountholders.
The salient benefits of this service are:
  1. It is available to our customers on all outstation cheques payable in India and credit will be converted to their account within T+6 basis.
  2. In case of delay beyond T+6 basis, interest will be paid by the Bank as per the Compensation Policy, for the delayed period. Presently the compensation payable is as follows:
  1. Fixed deposit rate prevailing at the time of payment of interest for the period of delay beyond 7days in collection of outstation cheques.
  2. In case the delay period is less than 7 days, the applicable interest rate will be the rate of interest for minimum tenure of term deposit i.e. 7 - 14 days.
  3. In the event the proceeds of cheques under collection were to be credited to an overdraft/loan account of the customer, interest will be paid at the rate applicable to the loan amount.
There could be few locations where Union Bank may not be participating in the local clearing. If we are unable to extend credit under this service due to this reason, our branch will intimate you about the same at the time of receiving the cheque.

union

union

  • Rewarded

    Rewarded

    Earn reward points on transactions made at POS and e-commerce outlets

  • Book your locker

    Book your locker

    Deposit lockers are available to keep your valuables in a stringent and safe environment

  • Financial Advice?

    Financial Advice?

    Connect to our financial advisors to seek assistance and meet set financial goals.

  • ATM & Branch Network

    ATM & Branch Network

    Find UBi Branches and ATMs in proximity to your location.