What is UBI Corporate Net Banking?

UBI Corporate Net Banking is an online platform offered by the Union Bank of India that enables its corporate customers to perform various banking transactions and activities from the convenience of their computers or mobile devices. With UBI Corporate Net Banking, corporate customers can access their bank accounts, view account balances,  transaction history, transfer funds, make bill payments, and much more.

UBI Corporate Net Banking offers a secure and convenient way for corporate customers to manage their banking activities, saving time and reducing the need for physical visits to the bank. The platform is easy to use, and customers can access a wide range of banking services from anywhere, anytime. Additionally, the platform offers advanced security features, such as multi-factor authentication and encryption, to ensure the safety and privacy of customers’ financial information. 

How to Register Corporate Internet Banking in Union Bank of India?

To register for ‘corporate internet banking at Union Bank of India’, follow the steps below.

Step 1: Visit the Union Bank of India Corporate Login website and click the “Corporate” option on the top menu.

Step 2: Click the “Internet Banking” option on the Corporate Banking page.

Step 3: You will be redirected to the Internet Banking page. Click on the “Register” option under the Corporate User section.

Step 4: Enter your Corporate ID and click the “Submit” button.

Step 5: Enter your user details, including your name, email address, and mobile number, and select a login password. Click on the “Submit” button.

Step 6: An OTP (one-time password) will be sent to the registered cellphone number. Enter the OTP in the appropriate area, then click “Submit.”

Step 7: Set up a security question and answer on the next page. Choose a question from the drop-down menu and enter your answer. Click on the “Submit” button.

Step 8: Your corporate internet banking registration will be complete. You will receive an email with your login credentials, user ID and password.

Step 9: You can log in to your corporate internet banking account using your user ID and password and use the online banking services.

If you face any issues during registration, contact the Union Bank of India customer care centre or visit your nearest bank branch for assistance.

What are the Services Available at UBI Corporate Net Banking?

Union Bank of India Corporate Net Banking offers a wide range of banking services to its registered corporate customers. Union Bank of India Net Banking is a comprehensive online platform that provides convenience, speed, and security to corporate customers for managing their banking needs. Here are some of the key services available through the platform:-

1. Account Management: View account balance, account statement, and transaction details, transfer funds between accounts, initiate online payments and manage standing instructions.
2. Trade Finance Services: Apply and manage letters of credit, bank guarantees, and bills of exchange.
3. Tax Payments: Pay Direct and Indirect Taxes online through the platform.
4. Collection Services: Collect payments from customers online, and receive remittances from other banks.
5. Bulk Payments: Make bulk payments to vendors, suppliers, and other parties.
6. Employee Salary Management: Initiate salary payments to employees’ bank accounts.
7. Investment Services: Invest in mutual funds, fixed deposits, and other investment products offered by the bank.
8. Forex Services: Initiate and manage foreign exchange transactions online.
9. Loan Services: Apply for and manage loans, view loan account details and repayment schedule.

UBI Corporate Net Banking Features & Benefits

The benefits of using UBI Corporate Net Banking include the convenience and time-saving factor, as corporate customers can perform banking activities from anywhere, anytime. The platform reduces the need for physical visits to the bank, making banking activities more accessible and efficient. Additionally, the platform offers a high level of security, reducing the risk of financial fraud and cyber-attacks. Union Bank of India Corporate Net Banking provides a seamless and streamlined banking experience, making it a valuable tool for any corporate customer. Union Bank Net Banking offers a range of features and benefits for its corporate customers, including:-

1. Account Management: Corporate customers can manage their bank accounts easily and efficiently through UBI Corporate Net Banking. They can view their account balances, and transaction history, download account statements, and even request cheque books and stop payments.
2. Fund Transfers: The platform allows for secure and quick fund transfers between UBI accounts, as well as to accounts held with other banks through NEFT, RTGS, and IMPS services.
3. Online Payments: Corporate customers can make online payments for a variety of services and bills, including utility bills, credit card bills, and tax payments.
4. Trade and Forex Services: UBI Net Banking Corporate login also provides access to trade and forex services, including opening letters of credit, submitting bills for collections, and requesting forex rates.
5. Security and Control: Union Bank Net Banking offers multiple layers of security, including two-factor authentication, digital certificates, and encryption, ensuring the safety of corporate customers’ financial data.

How to Transfer Funds via UBI Corporate Net Banking?

To transfer funds via Union Bank of India’s corporate net banking, you can follow these steps:-

Step 1: Log in to your Union Bank of India corporate net banking account using the steps outlined in my previous response.

Step 2: From the main dashboard, click on the “Funds Transfer” option.

Step 3: Select the type of transfer you want to make (e.g. NEFT, RTGS, IMPS, etc.).

Step 4: Enter the recipient’s account details, including the account number, bank name, and branch name.

Step 5: Enter the amount you want to transfer and any additional details, such as remarks or the purpose of the transfer.

Step 6: Confirm the details of the transfer and click on the “Submit” button.

Step 7: You may be asked to enter a transaction password or provide other forms of authentication to complete the transfer.

Step 8: Once the transfer is processed, you should receive a confirmation message or reference number.

Note: It’s important to note that the exact steps for transferring funds may vary depending on the type of transfer you choose and the specific features of your UBI corporate net banking account. Additionally, there may be limits on the number of funds you can transfer at one time or within a given time period, so make sure to review any applicable terms and conditions before initiating a transfer.

Transactions Limits: Union Bank Corporate Net Banking

The transaction limits for Union Bank of India’s corporate net banking may vary depending on the type of account and the services that you are enrolled for. Here are some general guidelines for transaction limits that may apply to Union Bank net banking:-

1. NEFT Transactions:

• The maximum transaction limit per day is Rs. 10 Crore.
• No limit on the minimum transaction amount.

2. RTGS Transactions:

• The minimum transaction amount is Rs. 2 Lakhs.
• No maximum transaction limit.

3. IMPS Transactions:

• The maximum transaction limit per day is Rs. 2 Lakhs.
• The minimum transaction limit is Rs. 1.
• These transaction limits may vary depending on the service enrolled for and the customer’s profile.

4. Bill Payment:

• The maximum transaction limit per bill payment is Rs. 5 Lakhs.
• No limit on the minimum transaction amount.

It’s important to note that these limits are subject to change at the bank’s discretion, and there may be additional restrictions or requirements depending on the specific services or features of your Union Bank net banking account. It is always a good practice to review the terms and conditions of your account and the transaction limits for each type of transaction before initiating any transfer.

Union Bank of India Contact Us

You can contact Union Bank of India with your queries and questions on their helpline number 1800 22 2244. You can also mail your queries to the e-mail id of UBI at customercare@unionbankofindia.com.

Conclusion

UBI Corporate Net Banking is the answer to all your business banking needs. Its advanced features, such as real-time account monitoring, seamless fund transfers, and secure multi-user access, make it the ultimate financial management tool for businesses of all sizes. By enabling you to manage your finances from anywhere, at any time, UBI Corporate Net Banking gives you the freedom to focus on what really matters – growing your business. So why wait? Sign up for UBI Corporate Net Banking today and experience the future of banking, right at your fingertips. With UBI Corporate Net Banking, you can achieve your financial goals with ease.

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